I declare Florida officially over today.
Florida Home Insurance
- Thread starter Poppaj
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That article "almost" sounds like the insurance industry paid for it. As for an assessment, think my policy is already assessed money for Citizens.Prepare For A Hurricane Tax
The 'Hurricane Tax' Hitting Florida Alongside Idalia
Too many homeowners are relying on Florida's public insurer. That could create financial problems for the entire state.time.com
It is, but the ultimate backer to Citizens is the state. Maybe, just maybe we could take steps to actually fix our insurance problem rather than lip service?
Pay more get less
Home insurers cut natural disasters from policies as climate risks grow
Some of the largest U.S. insurance companies say extreme weather has led them to end certain coverages, exclude natural disaster protections and raise premiums
No Danger of Assessment: Florida Citizens Seeing Just 2,000 Claims from Idalia
Florida's Citizens Property Insurance Corp. has so far seen just about 2,000 claims from Hurricane Idalia, well below the threshold that would exhaust the
www.insurancejournal.com
Looks like we dodged a bullet.
With that said, I got a call from an insurance adjuster yesterday asking if I had any damage. I simply asked his company name again and informed him I was not in the path of the hurricane and never was. I called the AG's fraud hotline (866) 966-7226 and reported them.
Got a depopulation letter from Citizens today, my choice this time as it was more than 20% over what my Citizens premium is, they even have scary language talking about the possibility of a surcharge for large losses.
Citizens currently: $4,225.00
Offer from Slide: $20,087.00
Citizens cost with surcharge $6126.00
My cost saving range from a little under $16k to a little under $14k.
I know this is a form letter, but come on Florida we can do better.
Citizens currently: $4,225.00
Offer from Slide: $20,087.00
Citizens cost with surcharge $6126.00
My cost saving range from a little under $16k to a little under $14k.
I know this is a form letter, but come on Florida we can do better.
Why don’t we just shift everyone in Florida to a nonprofit form of insurance?
It’s past time to take the profit out of some of life’s necessities.
I have a 25 year old metal roof, installed properly. It is considered a 100-year roof. I don't know about that but expect it to last my lifetime. My insurance agent said only one company would insure a home with a roof over 20 years old. My Insurance has gone from about $2500/year to now $8,000 a year.
Is stopping at 20 year roof simply a method of weeding out older homes?
Is stopping at 20 year roof simply a method of weeding out older homes?
The 20 year roof is arbitrary and flies in the face of logic. My roof is a metal roof approaching 23 years old without any signs of corrosion or defects of any kind. None. They have already upped my payments 100% in 2 years. I can’t wait until next renewal season.