The cost of insuring real estate is going up. Again

A sure sign: Reinsurance companies — the ones that sell insurance to insurance companies — have increased rates between 10% to 60% for insurance companies in South Florida, local insurance experts said since 2018 . Blame big losses in Hurricane Irma, Michael and Maria. That means property owners of commercial and residential real estate near the coasts will likely see their insurance rates increase.
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Guillermo "Bill" Sanjurjo Realtor® https://guillermorealtor.c21.com/ 12955 SW 42 St Suite 2, Miami, FL 33175 Cell: 786-232-1400

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