How you can let the Office of Insurance Regulation know how you feel about a proposed 58% rate hike
State Farm Florida has put its pitch in to state insurance regulators for a 58% hike in rates for homeowners who rent out their properties. That increase would be higher in South Florida Coastal counties.
The increase would apply to more than 33 thousand owners of rental homes throughout Florida.
The company has also filed to raise rates for homeowners, condos and renters. State Farm has already raised rates five times in the past two and a half years.
Florida regulators have 45 days to decide whether State Farm can raise its rates... and if so, by how much. In the meantime, you can comment on State Farm's request by emailing the Office of Insurance Regulation.
If you want to comment on the request from State Farm, you can send an e-mail to firstname.lastname@example.org Make sure you put "State Farm" in the subject line.