3 Florida property insurance companies announce reduction in rates, desire to give homeowners some relief

The reductions in property insurance premiums don’t equate to a whole lot of money, but they could mean a step in the right direction.

The following three companies have either reduced their rates or are seeking a rate reduction from the Office of Insurance Regulation:announced a 2% average reduction in property insurance for the more than 122,000 residential policies it insures, for new policies and renewals, starting in July.is also seeking a 0.5% decrease in premiums for owners of houses, condominium units and rentals.

Approval of thousands of property insurance policies taken from Citizens means ‘good news’ for Florida, experts say

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