What you need to know about home insurance increases
Find out why insurers are allowed to set up separate Florida-only affiliates, why it is mandatory to have more insurance on your home than what you owe the bank and more.
owe
Florida's home insurance rate hikes: Questions and answers
Q: “Why is it mandatory to have more insurance on your home than what you owe the bank?” asked Joseph Tamargo, who said he wonders if banks and insurers are in cahoots. A: Patrick McNamara, an insurance agent with Insgroup in Fort …