Florida residents flee state as insurance premiums skyrocket up to 900%
www.newsweek.com
Insurance premiums in the Sunshine State have climbed so high that people are considering going without insurance coverage, or moving out of the state.

The skyrocketing cost of insurance premiums in Florida is leading residents to drop their insurance, consider selling their home, and even move out of the state, according to recent reports.

For years now, the sunny, vibrant state has been a magnetic destination for many Americans—a phenomenon which has been driving up demand for housing, especially during the pandemic, as well as home prices.

But while Florida was the number one state in the country that people moved to in 2022, it was also the one with the highest number of residents wanting to relocate, according to a SelfStorage.

  • @willis936
    20•1 year ago

    Honestly I’m on team insurance in these cases. The US is filthy rich and we have tons of highly habitable land. Why are we wasting resources subsidizing some people choosing to live in comfortable, risky locations?

    For those stuck in poverty: that does suck but I consider that an independent issue.