Some homeowners have had to beef up the amount of property insurance they buy to cover what they say are inflated cost estimates to rebuild their homes.
It’s a double whammy for homeowners because for many, rebuilding costs didn’t go down when the economic downturn lowered construction costs over the past few years.
Take John Hutelin, a pilot in Plantation whose premium increased 24 percent, to $3,873, after Citizens Property Insurance recalculated the cost to rebuild his home.