Made aware of an insidious “shadow” $$ penalty to current hurricane situation in Florida

Written by Michael E Dehn

Founder and CEO of Metro Pulse a continually running enterprise since May 1980.

October 11, 2024

Someone in our extended circle just made us aware that on the eve of Milton making landfall but after Helene he was served papers informing him his state mandated homewners hurricane insurance was cancelled. He lived in Sarasota.

As he scrambled to find replacement coverage, he was dismayed to discover rates were 5 times what he paid before.

So in addition to the other stresses these beleaguered souls are enduring in the middle of an unprecedented run of natural disasters comes this. And if this is par for the course in the affected areas this does not bode well for real estate in the state long term…

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