Hurricane
Charley probably will not cause Floridians’
insurance premiums to sky rocket like 1992’s
Andrew, and fewer insurers should go bankrupt
from paying out damages expected to reach the
billions of dollars, state and industry officials
say.
Previous
premium increases and overhauls made because
of Andrew, the most expensive natural disaster
in U.S. history, will help pay for Charley.
But
some of those changes will mean the deductibles
homeowners have to pay for Charley’s damages
could be thousands of dollars higher. State
officials have also warned Floridians to watch
out for unscrupulous people trying to make a
buck off the hurricane.
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