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Property insurance market frustrates Florida voters
By Insure.com staff

Florida voters remain frustrated with the state's tough home insurance market, despite a new law signed this year by Gov. Rick Scott that was designed to stabilize the market and make property insurance more affordable.

Almost two-thirds of voters, 63 percent, say property insurance is getting more difficult to obtain in Florida, while only 3 percent say it's getting easier, according to a new poll released May 25 by Quinnipiac University in Hamden, Conn. About a quarter of voters polled, 26 percent, say there has been no change.

Meanwhile, 74 percent say property insurance is getting more expensive in Florida, 16 percent say there has been no change, and 3 percent say it's getting less expensive.

"Whether the new law changes public attitudes about insurance in Florida, only time will tell, but there is no doubt that the electorate sees a crying need for something to make getting and paying for property insurance in Florida less onerous," Peter A. Brown, assistant director of the Quinnipiac University Polling Institute, said in a press statement.

Of the voters polled, 59 percent say more government regulation of the property insurance market is needed, and 29 percent say the state is doing enough.

The new property insurance law caps public adjuster fees, sets statutes-of-limitations on sinkhole and hurricane claims and places limits on what constitutes a loss from sinkholes. The law also lets insurers hold back portions of structural damage claims until contractors are hired to do the work.

Voters are directing some of their frustration at the governor, with 59 percent disapproving of the job he's doing and only 29 percent voicing approval, the worst score of any governor in the six states surveyed by Quinnipiac University and off from a 48 percent disapproval rating in an April 6 survey.

The Quinnipiac University Poll conducts public opinion surveys in Pennsylvania, New York, New Jersey, Connecticut, Florida, Ohio and the nation as a public service and for research.

 

 

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