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Local 10: Will Helene cause insurance premiums to spike in South Florida? Expert weighs in

By September 30, 2024No Comments

While South Florida wasn’t a direct target for Hurricane Helene, many are wondering if this latest Florida catastrophe will wind up costing homeowners more for property insurance.

The CEO Oscar Seikaly of NSI Insurance Group, says if there is any increase, it is “more likely to be in the Tampa and Tallahassee areas.”

“Why? Because the rates up there have been significantly lower than down here (in South Florida),” he said.

Those rate decreases, we never see as homeowners.

Read full article here.