October 03, 2006
New Insurance Rules For Florida
Gov. Jeb Bush and the Florida Cabinet recently approved two insurance rules, one that could double the discounts homeowners get on their insurance premiums for making their residences more hurricane-safe. The other one finalizes state-funded property insurance for businesses. Palmbeachpost.com reports:
Under the new rule, insurers will now be required to give homeowners a break on their insurance premiums that will double what most now provide. In the past, the Office of Insurance Regulation offered a range of premium discounts when owners upgrade their homes by securing roofs to walls or buying hurricane shutters, for example. A separate rule now forces insurers to specify the discount for each type of home improvement.
Read more: Bush, Cabinet approve new insurance rules
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