The metro area of Florida attracted attention as a leader of a certain housing category in the United States – but it is not a reason for joy.
The Lielland region in the state was a nation The highest mortgage imprisonment rate In 2024 between the metro regions with at least 200,000 population, according to the real estate data company. One in 172 housing units had mortgage imprisonment files.
A number of factors may contribute to this number – including the flow of the population – but one of the experts of the common topic that he referred to is the price Home insurance.
“When these insurance premiums begin to kick, they cannot pay payments, they do not know what to do,” Bob Miller, a real estate broker, He said News Channel 8 in a story published on March 27. “So many of them, because there is no better term, wanders the ball a little and wait for a corner for a person who knocks on the door. This is not the best option.”
Here is what is behind the high insurance rates, and what you can do to protect your home wherever you are.
Florida is vulnerable to natural disasters, including hurricanes, floods and forest fires, largely due to these insurance prices among the highest rates in the country.
Floridians pay an average annual bonus 5,292 dollars A house worth $ 300,000, according to Bankate. This is nearly two and a half times the national average of $ 2,267.
Home insurance providers such as Progressive, AAA and Farmers Insurance You will be in some worksBecause the cost of work in the country has become exorbitant for many insurance companies.
In 2024, Mark Friedlander from the CBS News MIAMI Institute told an internal study that found 15 % to 20 % of Floridian Continuous homes secure Compared to 12 % throughout the country.
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However, some real estate experts say that high insurance rates in the state do not tell the entire story behind the mortgage in Lielland. Gate Arty, the main and owner of the Keller Williams Realty, admits the effect of insurance premiums, but he does not think Lakeland has a problem with mortgage.
