Homeowners News & Analysis
2 articles
Market Mood
Florida Home Insurance Costs Up 18%: One Man's Story
A Florida man paid off his home two months before Hurricane Milton caused severe roof damage, leaving him without insurance costs to cover repairs. Florida's home insurance rates increased by 18% in 2025 compared to 2024, with an average cost of $8,292, the highest in the U.S. Nationally, the 2025 average is $2,948. About one in five homes in Florida are uninsured, despite a high risk of climate-related disasters, marking a significant financial risk for homeowners. This highlights the importance for investors in real estate to consider the increasing cost of home insurance.
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UK Government Reviews Residential Service Charges Exceeding £1,000 Annually
The UK government is examining the rising costs of residential service charges, which often exceed £1,000 annually. An example includes charges at Coopers Edge in Gloucestershire, where costs rose from £290 in 2016 to £558.65, reflecting a significant increase. Another resident reported a 60% rise in service charges at Wapping Wharf, Bristol, to over £1,000. Management companies cite inflationary pressures affecting budgeting. The increasing fees have raised concerns among homeowners about affordability and long-term residence viability.
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