Florida Home Insurance Premiums Exceed Mortgages

Monday, April 1, 2013

Typically, the most expensive portion of owning your own home would be the cost of your mortgage.  Mortgages in Florida put a great deal of financial burden on families whether they live in Miami, Tampa, or Jacksonville Fl.  With homeowners insurance rates rising rapidly in the Sunshine state many homeowners are trying to figure out ways to reduce premiums.  Some are now stating that they pay more for insurance than they pay for a monthly mortgage.  That seems pretty crazy, doesn't it?  A non-profit organization that recently completed a study suggested that consumers are paying more for their home, auto, life, and health insurance than their re for the mortgage on their homes.  In many cases, the insurance costs were higher than $16,000 per year.  What are your thoughts on insurance in Florida, is it to expensive?  Let us know what you think at Premier Homeowners Insurance by commenting on our blog below.

by  Morgan Moran

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