Most of the 1.2 million home and condominium policies State Farm Florida wants to drop from its rolls in Florida are older and more vulnerable to hurricanes, according an online insurance buyers guide.
The average year of construction for State Farm-insured homes was 1981, with many built between 1950 and 1970, while 72.1 percent of the homes were built prior to stronger building codes of 1995, according to figures from Lake Worth, Fla.-based "Home Insurance Buyers Guide."
Among the State Farm insured homes, 72.9 percent do not even have hurricane shutters, the Buyers Guide reported.
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