The "American Dream" can have many definitions, but it often entails homeownership. Owning a home is about more than just pride, it also creates an opportunity to build financial freedom. Homeowners have control over their home and build equity as they pay down their mortgage. Unfortunately, many homeowners have seen rising homeowners insurance premiums. Premiums typically increase with inflation but recently we've seen increases as high as double digits. A recent article from FloridaRealtors.org explains why these rate increases are becoming common for Florida residents: Property Insurance Rates Going Up for Many Fla. Homeowners.
The Allegiant Private Advisors team has prepared a few tips for how to handle a premium increase.
As always, the Allegiant Wealth Advisor team is ready and willing to help you through this process. Reach out to your Wealth Advisor and we will be happy to review your particular situation.