"Florida Homeowners Face Soaring Insurance Costs and Reduced Coverage"
Home insurance premiums in the US are skyrocketing due to frequent natural disasters and high inflation, leading many homeowners to reduce their coverage to manage the increased costs. Insurers are passing on losses from natural disasters, leading to widespread underinsurance as homeowners struggle to afford adequate coverage. Some are forgoing protection against specific perils, lowering property replacement values, or raising deductibles, while others find their policies insufficient to cover the rising costs of rebuilding after disasters.