Florida Insurance Market Shows Signs of Stabilization in Mid-2026

Florida's property insurance market is showing encouraging signs of stabilization as of mid-2026. According to a comprehensive report from the Florida Office of Insurance Regulation (OIR), the domestic property insurance sector saw improved financial performance, with many carriers moving toward rate decreases or maintaining existing levels rather than raising premiums.

For residential landlords, the outlook varies by property type. Many major national carriers have filed for rate decreases between 7% and 10% following recent tort reforms. However, these changes are not universal. While single-family rental policies—typically written as dwelling fire policies—are seeing modest relief, multi-family and commercial-residential policies under Citizens Property Insurance have faced premium increases effective July 1, 2026.

Experts emphasize that roof age remains the primary driver of insurance costs in Florida. Owners are encouraged to prioritize wind mitigation features and ensure they are carrying the correct type of policy. A common and costly mistake continues to be maintaining an owner-occupied homeowners policy on a tenant-occupied rental, which can lead to denied claims in the event of a loss.