Why Florida Is Sitting On $300 Million Meant To Help Homeowners

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This map was originally published in May and has been updated. | Related: Why Florida is Sitting on $300 Million Meant to Help Homeowners As part of the mortgage settlement finalized in April.

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Renters insurance starts at $5 per month, while homeowners policies start at $25 per month." $25 per month comes out to $300 per year for homeowners insurance. By contrast, the average rate for home insurance in the U.S. is just over $1,100, according to the National Association of Insurance Commissioners .

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As a result, “I'm just not convinced that it requires the drastic change that. determines which locations receive help to protect their shorelines.. How do you do that in a roadway that sits at sea level?. I mean you just can't beat the ocean. State records show that more than 300 Florida property owners.