Last year, Progressive announced that it would not renew certain homeowners’ insurance policies in Florida to “rebalance our exposure,” starting in May this year. Those non-renewal notices have already started arriving.
“Dear Policyholder, your policy will expire at 12:01 on July 1, 2024, for the following reasons. After careful consideration we are unable to offer you a renewal policy due to a reduction in our hurricane exposure. Please contact your agent to find replacement coverage,” the letters read.
“I was shocked, I was stunned,” Ira Kasdan told ABC Action News. “There may be a time where as much as we