Insurance policies

Cape Coral homeowners still frustrated as insurance policies continue to rise

CAPE CORAL, Fla. — Many Cape Coral residents we’ve heard from said they’re frustrated not only with insurance requirements, but also with rates rising so quickly.

Tuesday night’s town hall panel was made up of insurance agents and state officials trying to respond and explain how these bills can help.

“At the end of the day, people can’t keep doubling and doubling and doubling the amount of money they’re paying,” Linda Biondi, a Cape Coral resident and real estate agent, is one of many Area homeowners to ask state lawmakers what the solution to higher home insurance is.

“In our market today, you’re probably out of the market, so it’s a big deal right now, it’s become a big deal,” Biondi said.

This problem, the roofing scam that forced homeowners in Southwest Florida to fix roofs that probably didn’t need it and would ultimately cost businesses and policyholders alike.

House Republican Bob Rommel of Collier County answered questions from concerned residents and explained.

“They can actually fix a roof that has only minor damage. Before, because of the threat of lawsuits, someone would knock on the door and say listen, I can get you a free roof that won’t cost you anything. and we’ve eliminated that,” Rommel said.

Rommel says the new housing bill stops that and gives landlords more options.

As the state monitors whether more insurance companies will operate in Florida, in recent years many carriers have left the state.

Sheena Reagan has lived in Cape Coral all her life and says the roofing scam really impacted her business.

“People are going to move here and even though the roof is 12 years old, they’re already biting their nails, they’re thinking, oh they’re going to need a roof soon, it never was,” Reagan said.

Rommel says that while the fix won’t happen overnight, “I can promise you things will stabilize and you’ll see some relief.”

Rommel says that with better insurance companies coming to the state and creating more competition, it should bring more choice for homeowners, competition and, he hopes, lower prices on those premiums.