Reported 2 months ago
Suze Orman, the personal finance expert, expressed shock at being quoted $28,000 a year for homeowners insurance on her 2,100-square-foot condo in Florida, highlighting the staggering insurance rates in the state. Despite her wealth, Orman plans to self-insure rather than pay such exorbitant premiums, a situation that reflects a wider problem affecting many homeowners in Florida, where insurance costs are escalating dramatically.
Source: YAHOO