Businesses facing homeowners’ woes
Recent storms cause premiums to soar
Al Paraldi got a nasty shock a few weeks ago — because of the skyrocketing price of business insurance, the rent for his Dollar Boulevard store in Cape Coral was going up by about $100 a month.
He’s one of many tenants, landlords and property managers reeling as insurance companies drop policies, pull out of the Florida market altogether, or sharply increase their premiums for coverage that protects against calamities such as fires and/or wind damage from hurricanes.