Political fight underway as residents flee to Citizens to escape usury homeowner insurance premiums
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Historic City News founder Michael Gold got bad news in the mailbox this week, and he finds out that he is just one of many local homeowners facing soaring homeowner insurance premiums this year. The personal lines manager at Ancient City Insurance had already warned that “there was a significant increase in the premium” charged by Gainesville-based Tower Hill Insurance Company. The annual premium under the former policy was about $1,200, however, under the renewal in another program through Tower Hill, this year’s coverage would be nearly $2,500 if accepted.