#property-insurance

#property-insurance

New rules for insurance company owners that are now out of state regulators' reach. An emergency relief fund to help low-income homeowners pay for insurance. A national risk pool to spread insurance costs across several states. Those are some of the ideas - some new, some brought back - that Florida's Democratic senators are pushing to ease the high costs of property insurance costs for homeowners and renters in the state.

Property insurance costs continue to be the fastest growing subcomponent of mortgage payments among existing homeowners, said Andy Walden, head of mortgage and housing market research at ICE Mortgage Technology. While mortgage principal, interest and property tax payments have all increased in recent years, insurance has far outpaced those gains, rising 4.9% in 2025, 11.3% annually and nearly 70% over the past five and a half years.