Allstate Floridian Requests Renters’, Condo Rate Increases

Allstate Floridian Insurance Corp. has filed with the Florida Office of Insurance Regulation with a request for two increases in renter’s and condominium owners insurance rates. One increase will be effective Aug. 15, and a second needs to be reviewed and approved before it takes effect.

Allstate Floridian spokesman Ryan Priest said the company’s condo and renter policyholders will see an average 8.6 percent increase, starting in August. A second increase of about 20 percent statewide must be reviewed and approved by state regulators.

“We’re hoping they would get that done as soon as possible,” Priest said.