🏡 Florida Adds 2 More Insurance Companies—What It Means for Your Home Policy
Hey everyone, Michael here with a local update that could bring some relief to Florida homeowners.
As of this week, two new private insurers have been approved to write policies in the state—bringing the total to 14 new companies since lawmakers reformed the insurance system in 2022–23.
Here’s what you need to know:
🔹 Florida Insurance & Reinsurance is setting up in Florida and targeting condo units + small commercial buildings.
🔹 Incline National (Texas-based) plans to offer everything from homeowners insurance to auto and umbrella coverage—across the entire state.
Why This Matters:
â—Ź đź’° More insurers = more competition
● 📉 More competition = better pricing
● 🧯 Reduced reliance on Citizens = more stable premiums long term
If you’re in Sarasota or Longboat Key, this is especially important for condos and coastal property planning. Not sure how it affects your policy? Let’s talk—coffee’s on me!
đź“Ť Learn more:
➡️ https://blog.teamrenick.com/real-estate-done-right/
đź“ž Or just call me at 941-400-8735
