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Florida rocked by home insurance crisis: ‘I may have to sell up and move’ | Florida

Households in Florida, the third most populous state in the US, have been grappling for some time with a property insurance crisis that is making home ownership unaffordable for many. After at least six insurers went insolvent in Florida last year, Farmers on Tuesday became the latest to pull out of the Florida market, saying in a statement that the decision was based on risk exposure in the hurricane-prone state. Climate change is threatening the very existence of some parts of Florida. And the costs are already being felt by Floridians. At the end of 2022, average annual property insurance…

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I’m priced off the road because of my age | Insurance

I am curious to know whether my experience of being priced off the road by insurance companies on account of my age (92) is shared by other readers. I am lucky enough to be in excellent health with no disabilities and have never had an accident. I was insured through Age UK, but I have just been informed by their insurer that they will not renew my insurance, with no reason given (thanks, Age UK). I have been offered alternative insurance by three other insurers for £2,900, £3,600 and £7,000 respectively, from which I infer that some if not all…

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UK drivers shocked as car insurance costs soar by up to 90% | Car insurance

In 2022, Stephen Sangster had an uneventful year behind the wheel of his brand-new Dacia Jogger, covering 6,000 miles with no accidents or traffic offences. So the father of four was shocked when his car insurance renewal quote landed and the price had soared by a “shocking” near-90%. “My quote has come through 87% higher, and that’s with no accidents, points or anything else that would increase my risk,” Sangster says. “With inflation where it is, you would swallow 10%-15% … but it’s such a jump.” Although this week’s cost of living bulletin from the Office for National Statistics showed…

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UK car insurance: insider tips on how to save money | Car insurance

Car insurance costs may be racing ahead of inflation but there are things you can do to cut what you pay that will help some save hundreds of pounds. Here we round up some of the key advice and insider tips. Shop around This has been the key piece of advice for years but bigger bills mean it is more important than ever. According to the price comparison website Compare the Market this week, drivers can now typically save up to £457 by shopping around. Earlier this year the site said the figure was £411, and late last year it…

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Car parts shortage leaves drivers in limbo as makers ‘put sales first’ | Motoring

It was a snowy day in early March when Ruth Joad pranged her car. The one-year-old Volkswagen needed a new bumper and sensors. Her insurer, Aviva, told her to book it into an approved dealership – and that’s where it’s been ever since. “Four months on, there’s still no update on when they’ll have the bumper,” she says. “It took three months for Aviva to get me a courtesy car, and when I call for updates I’m sent round in circles.” Late last week, after queries from the Observer, Aviva said the part had finally arrived and her repair had…

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