(
NewsNation) — Floridians are facing home insurance sticker shock, with some annual policies now costing six figures.
J
ames Molinari, who owns a four-bedroom home in West Palm Beach, told the Wall Street Journal the new rate for his homeowners insurance came in around $121,000 — seven times more than the year before. D
aylight saving time: Why does Florida still have to change the clocks? Molinari
found a better price from another insurer for $33,000 but ultimately decided to put the home up for sale. Others in the community told WSJ they made a similar decision due to the cost of
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