Home insurance in Florida is facing significant challenges. According to a recent Bloomberg article, the state's unique weather conditions and high-risk flood zones have led to skyrocketing premiums, making it difficult for homeowners to obtain coverage. The situation has become so dire that some insurers are simply abandoning the market.

Source: https://www.bloomberg.com/news/articles/2024-10-28/why-home-insurance-in-florida-is-a-mess