Coverage A for Florida Surplus HO-3 Shows Mixed Bag in Premiums, Policy Count
Primary insurers in Florida aren’t the only ones reporting rate reductions for segments of the populace. Surplus lines also have seen premium decreases as well as significant policy count growth—at least for some slices of the market.
The Florida Surplus Lines Service Office said in a new report that premiums for Coverage A (dwelling) on HO-3 policies fell by 8% from 2024 to 2025 for values in the lowest tier—$100,000 to $300,000 in value. In a higher tier, $1 million to $5 million in value, premiums dropped by 6% in 2025.