FLORIDA — Seventy percent of Florida homeowners say they have been affected by rising home insurance costs or changes in coverage, according to a survey commissioned by Redfin. The survey, conducted in February 2024, involved 2,995 U.S. homeowners and renters.
One-third of the homeowners who responded to the survey have moved or plan to move to a new area where coverage is available/affordable. But nearly the same share, approximately 30%, are staying in their home with little or no coverage.
One in eight Florida respondents said their insurance company stopped offering coverage.
Sarasota, Manatee County
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Most people across the U.S. who responded to the survey (71.7%) said their policy premiums increased, and in Florida, 76% of people said they saw increases.
“You know, it might just be time we take a look if HOAs are really even necessary.
Maybe we should just do away with homeowner associations as a whole.”
South Florida lawmaker Rep. Juan Carlos Porras (R-Miami) says it may be time to do away with homeowners associations altogether, as more Floridians speak out about rising fees, costly lawsuits, and even arrests tied to HOA disputes. He said this week that he is considering filing legislation in the next session that would abolish HOAs statewide.
