Casey Logan, Sarasota News Press
Randolph and Edith Geslani had good news recently about their spacious home on the Caloosahatchee River in Fort Myers Shores.
The physician and his wife have seen their insurance rates fluctuate over the years on the home they’ve owned since early 1990s. Although they’ve filed no claims, the price of insuring the home, which is assessed at $550,000, often went up. Now they’ll be paying a few thousand dollars less to insure it.
“The feeling of having insurance … if something happens to us, we have a good insurance policy that will cover most of the repair cost,” Edith said. “It had been going up, but we’ve been fortunate enough.”
They are benefiting from an improving real estate market in Florida, which itself has been helped by Mother Nature: there have been no major hurricanes to hit Florida in the past 11 years.