Florida Democrats sound the alarm as hurricane season collides with property insurance, affordable housing crises

Affordable Housing Berita

Florida Democrats sound the alarm as hurricane season collides with property insurance, affordable housing crises
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Floridians are in the midst of hurricane season and a property insurance crisis.

In this photo made in a flight provided by mediccorps.org, receding storm waters surround homes in a community near Keaton Beach, Fla., following the passage of Hurricane Idalia, Wednesday, Aug. 30, 2023. and that has some experts warning that a direct hit from a major hurricane could bankrupt the state-run property insurance company.

How much do you pay?: There’s conflicting data on how much the average Florida resident pays for property insurance In the event of a major hurricane, state leaders warn that Citizens Property Insurance claims-paying fund could be exhausted. “They have a long way to go to get to what they call manageable risk. That would be about 400,000 to 500,000 total policies,” he said.

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