Florida Insurance Rates Could Go Up Due to Sandy

Florida Insurance Rates Could Go Up Due to SandyAn insurance company predicts that a surge of insurance claims due to Hurricane Sandy in the Northeast of the U.S. could affect even the Southwestern portions like Florida. And there is no telling how high rates may go up. In fact, other areas far from the Northeast may even be affected.

“Unfortunately, because the insurance companies are going to paying more, it probably means that we’re going to paying more for the insurance as well,” says Tami Baker with LA Insurance.┬áIf insurance companies end up having to pay more for their insurance, that cost will be passed along to homeowners across the country.
For more on how Sandy could increase insurance rates in Florida, visit here.

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