Call Us 1-800-829-5270 ☰ ˟
Southwest Florida Insurance
Call Us: 1-800-829-5270
  • Get A Quote ▼
    • Health
    • Homeowners
    • Auto
    • Specialty Vehicles
    • Business Insurance
    • Life Insurance
  • Our Products ▼
    • Our Products
    • Health ►⤵
      • Health
      • Individual Health
      • Medicare
      • Medical Supplements
      • Vision
      • Dental
      • Hospital Indemnification
      • Long term Care
    • Home ►⤵
      • Homeowners
      • Condo Owners Renters
      • Rental Property Insurance
      • Vacation Rentals
      • Umbrella Policy
      • Flood
    • Auto ►⤵
      • Personal Auto
      • Classic Auto
      • Motorcycle
    • Specialty Vehicles ►⤵
      • Motorhomes
      • RV's Boats
      • Jets Ski
      • Golf Carts
    • Business Insurance ►⤵
      • Liability Insurance
      • Property Insurance
      • Workers Compensation
      • Commercial Auto
    • Life ►⤵
      • Term Life Insurance
      • Permanent Life Insurance
      • Annuities
      • Disability
      • Long Term Care
  • Customer Service ▼
    • Customer Service
    • Make a Payment
    • File a Claim
    • Proof of Insurance or Insurance ID cards
    • Carrier Direct Support
  • Resources ▼
    • Refer A Friend
    • Our Carriers
    • Insurance Glossary
  • Blog ▼
    • Blog
  • About Us ▼
    • Contact Us
    • About Us
    • Our Locations
    • Employee Directory
    • Customer Testimonials
    • Privacy Policy
Health Icon

Health

We browse through a wide variety of coverages and find the right one for you.

Learn More
Auto Icon

Home

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home Icon

Auto

We browse through a wide variety of coverages and find the right one for you.

Learn More
Commercial Icon

Business

We browse through a wide variety of coverages and find the right one for you.

Learn More
Life Icon

Life

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home > Blog > Florida Rate Increases
TUESDAY, NOVEMBER 17, 2020

Florida Rate Increases

Line graph with showing an steady increase

Are you feeling overwhelmed by the cost of your insurance? You are not alone! The state of Florida property insurance market is increasing rates across the entire state.

Where are these increases coming from?

Florida has experienced an increase in claim litigations. Did you know that in 2019, Florida suffered over $700 million in losses?

The frequency and severity of lawsuits filed by consumers has increased drastically over the past several years.

At the Colodny Fass/Aon event, president and CEO of Florida’s Citizens Property Insurance Corp, Barry Gilway, stated, “Litigation is out of control in the state and until we do something about the overall litigation issues and the firms drumming up litigation, then rates are not going to stabilize.”

Insurance carriers are tightening underwriting guidelines and filing for rate increases due to their significant losses. To help keep your insurance costs down, have a recent 4 point inspection and wind mitigation completed on your home. These two things will help us apply credits to your insurance!

SWFL Insurance is here to help! We have several great markets available and will consistently shop your rates through our carriers at each renewal.

Contact us to review your policies and shop our markets.

Posted 10:45 AM

Tags: insurance, property insurance, rate increases
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015

  • home insurance(9)
  • medicare(5)
  • swfl insurance(5)
  • homeowners insurance(4)
  • medicare insurance(3)
  • medicare plans(3)
  • health insurance(3)
  • life insurance(2)
  • open enrollment(2)
  • catastrophe risk management(1)
  • medicare supplements(1)
  • swfl insuarance(1)
  • wind mitigation(1)
  • hurricanes(1)
  • rate increases(1)
  • expanded tax credit(1)
  • florida blue(1)
  • pet insurance(1)
  • tropical storms(1)
  • property insurance(1)
  • condominium insurance(1)
  • medicare advantage plan(1)
  • flood insurance(1)
  • insurance(1)
  • boat insurance(1)

View Mobile Version

Get In Touch!
1-800-829-5270

Contact Us
Facebook LinkedIn Twitter Google Posts Instagram Icon

Resources

  • Get A Quote
  • About
  • Refer
  • Our Carriers
  • Blog

Contact Us

Fort Myers
8595 College Parkway, Suite 160
Fort Myers, FL 33919

P: 239-489-1212
Naples
2500 Tamiami Trail North, Suite 113
Naples, FL 34103

P: 239-649-4442
Port Charlotte
3718 Tamiami Trail, Suite C
Port Charlotte, FL 33952

P: 941-624-3444
© Copyright 2021. All rights reserved. | Powered by Insurance Website Builder