Rick Scott Introduces Proposal To Provide More Relief for Florida Property Owners

After Hurricane Debby hit Florida and with the tropics entering its peak season, Floridians are hoping their property insurance doesn’t increase.

Based on a series of bills passed by the state legislature, insurance analysts say it could still take 15-24 months before cost could stabilize or actually decrease.

Now, more help could be on the way from the federal side. Florida Sen. Rick Scott has introduced legislation that would provide a property insurance tax deduction for Florida homeowners.