Florida homeowners are self-insuring, but can they afford to risk paying for a 'catastrophic' loss out of pocket?
Yahoo Finance·2026-01-01 18:12

CBS Miami / YouTube Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. M. Friedman has paid for property insurance on his Coral Gables home for 17 years — but he’s now debating whether it’s still worth it in the face of rising insurance costs across Florida. "We're getting to a point now where it's really math," Friedman told CBS News Miami in July 2024 (1). Even with home upgrades he's made to lower his insurance costs, he’s still shelling out over $10, ...