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Rising insurance costs threaten home sales in Florida

12

August

As rates rise at Citizens Property Insurance Corp., real estate professionals say Florida's housing market is taking a hit.

Through controversial reinspections, higher estimates of replacement costs and new sinkhole-related charges, state-run Citizens Property Insurance has raised premiums far beyond the 10-percent cap, taking in more money than ever before. Meahwhile, Florida seniors consider going without home insurance as Citizens hikes premiums.

 

[Last modified: Sunday, August 12, 2012 7:55pm]

    

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