Home Insurance Costs Are Rising What You Need to Know and How You Can Protect Your Budget Today
Florida homeowners are facing a financial storm and it’s not just from hurricanes.
According to recent reports, homeowners insurance premiums could increase another 16% over the next two years, driven mainly by:
- Natural disasters
- Rising rebuilding and construction costs
- Major insurance companies exiting the Florida market
For many in the Orlando region, the crisis has already hit home. Families report premiums doubling some now paying over $10,000 a year. Seniors living on fixed incomes are being forced to sell, borrow against their homes, or relocate entirely. Others are putting off medical care or retirement planning to afford insurance.
This story is gaining traction online, with local news outlets like FOX 35 Orlando seeing high engagement on X (Twitter), particularly from residents concerned about affordability after recent hurricane recovery efforts.
And here’s the bigger picture…
Florida Migration Trends Are Reversing
Florida has long been a top destination for relocation and retirement. But with homeownership costs climbing rapidly, 2024 data suggests some residents are moving out of the state due to unsustainable living expenses.
If this trend continues, it could impact:
Local housing markets
Economic growth
Small business vitality
Policy Changes on the Horizon
Many have called for Governor Ron DeSantis to intervene and drive immediate relief efforts. Advocacy groups, including Americans for Prosperity (AFP) Florida, have announced that insurance reform is a top legislative priority for 2026.
What Can Homeowners and Small Business Owners Do?
While reform efforts are underway, many homeowners and business owners feel stuck. But your options may be broader than you think.
Here’s where Nation’s 1st Financial and the National Small Business Association (NSBA) can help:
How Nation’s 1st Financial Can Help
Financial Assessment & Strategy
Get clarity on your current financial structure including how rapidly increasing insurance costs could impact home equity, business cash flow, and long-term planning.
Alternative Risk Management Solutions
Explore strategies such as segregated funds (for businesses), asset protection techniques, and insurance-linked financial solutions.
Guidance on Asset Retention
For those considering selling their homes, tapping equity, or relocating, we help you evaluate all options before making life-altering decisions.
Solutions for Seniors or Retirement-Age Homeowners
We offer strategies to avoid high-interest borrowing and ensure financial security for those on fixed incomes.
How the NSBA Supports You
Advocacy at the federal level to push for insurance reform
Support for small businesses affected by rising overhead and property costs
Resources to navigate risk, financing, and market changes
Final Thoughts
Florida residents have weathered storm after storm but this financial challenge may be one of the hardest yet. You don’t have to tackle it alone.
Now is the time to review your financial plan
Protect what you’ve built home, business, and future
Gain clarity before making major decisions
Want help understanding your options?
Let’s start a conversation.
Nation’s 1st Financial, in partnership with the NSBA, is committed to helping homeowners and business owners navigate this crisis with resilience and informed strategy.
Because protecting your home means protecting your future.
Request a free financial and risk review today.
Let’s take control before another rate increase does it for you.