Homeowner’s and Car Insurance Premiums Could Cost You More This Year, Experts Say – NBC 6 South Florida

Making sure your biggest investment is properly protected may cost you more.

According to the Insurance Information Institute, homeowner’s insurance premiums in Florida are expected to jump, on average, over 25% this year.

“We’ve had this ongoing issue of fraudulent roofing claims,” said Mark Friedlander of the Insurance Information Institute.

Friedlander said those claims are a big reason why many homeowners have seen increases in recent years. But now another factor could also have a big impact: rising replacement costs.

“It’s been sticker shock for many homeowners across Florida because they didn’t realize why their policy is changing and why

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