Snowbirds with homes in Florida could be paying more for insurance thanks to Irma
Canadian snowbirds who were lucky enough to escape property damage from hurricane Irma will still face higher costs as insurance providers jack up premiums and condo associations levy special assessments.
Florida insurance experts predict 15-to-20 per cent increases in property insurance costs over the next year.
Hurricane Irma is expected to be one of the mostly costly storms in history.
Additional insurance costs will be borne by all insured Florida homeowners, including the estimated 500,000 Canadians who own Florida properties.