Florida Home Insurance

[Matt J]

Some Floridians are seeing 6-figure home insurance prices

Some Floridians have seen the price of homeowners insurance reach six figures.

www.newsnationnow.com

It doesn't mention the value of the home, but six figures seems excessive.

Once again they blame fraud, but has anyone noticed any big announcements about these fraudsters being brought to justice or even being arrested.

 

[Jimmy T]

We shopped around this year and found a new carrier that reduced our premium significantly with nearly the same coverage.

 

[PoppaJ]

Some Floridians are seeing 6-figure home insurance prices

Some Floridians have seen the price of homeowners insurance reach six figures.

www.newsnationnow.com

It doesn't mention the value of the home, but six figures seems excessive.

Once again they blame fraud, but has anyone noticed any big announcements about these fraudsters being brought to justice or even being arrested.

Have a friend whose property insurance went from roughly $6,000 to over $15,000 while his home’s value has risen to around $3,500,000.
He is shocked, but it doesn’t seem out of line when you factor in his equity has increased over $2,000,000.

 

[Matt J]

Have a friend whose property insurance went from roughly $6,000 to over $15,000 while his home’s value has risen to around $3,500,000.
He is shocked, but it doesn’t seem out of line when you factor in his equity has increased over $2,000,000.

Yeah I struggle for sympathy in those cases.

 

[Matt J]

Perhaps Capitalism is at fault?

Florida Senator Raising Eyebrows with Pitch for Investment in New Insurance Company

Florida state Sen. Joe Gruters, R-Sarasota, has sparked some controversy by pitching investment opportunities in a startup property insurance company in

www.insurancejournal.com

 

[Matt J]

Again, not seeing arrests of the supposed problem of roofing contractors, adjusters and attorneys; but here's another insurance agent being arrested for im embezzlement.

South Florida P/C Insurance Agent Charged With Swiping $131,000 in Premiums

A south Florida insurance agent has been charged with absconding with more than $130,000 in premiums, leaving property owners uninsured after Hurricane

www.insurancejournal.com

 

[Matt J]

This is literally the most pressing issue in Florida, but we will deal with it next June right before hurricane season.

Property insurance off the table during Florida legislative special session

Off the table in this special session is property insurance. Local state lawmakers tell CBS News Miami they'll continue to work on ways to help homeowners in the regular session in 2024.

www.cbsnews.com

 

[SUP Boarder]

Probably feel that if they ignore it long enough, it will work itself out eventually, right?!? Active neglect.

 

[bob bob]

With all of the corporations buying up property this could all be a conspiracy to get more by forcing little guys out?

 

[Matt J]

With all of the corporations buying up property this could all be a conspiracy to get more by forcing little guys out?

That logic doesn't track. Those companies need insurance too or their investors won't be real interested. Commercial lines are way worse than private residential.