In this episode of the SoFlo Real Estate Show, "Ask Athena and Julie Anything", Athena Chilicas Barrocas of Coldwell Banker and Julie Dinda of Radius Financial Group discuss the complexities of home insurance in South Florida, particularly in light of rising costs and recent storms. Joined by insurance expert Chrissy Trotta of Synergis Insurance. They explore the reasons behind high premiums, the importance of proper coverage, and practical tips for homeowners to protect their investments without breaking the bank. The conversation also addresses common myths about insurance and emphasizes the need for proactive measures during storm season.
Some Key Take-Aways include:

Homeowner insurance costs in Florida are significantly higher than the national average.
Insurance companies often reassess policies shortly after closing, leading to increased premiums.
It's crucial for homeowners to understand the importance of wind mitigation and proper home upgrades.
Self-insuring can be risky if homeowners do not have sufficient funds set aside for potential losses.

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