Florida Homeowners Insurance Ripoff

[Bob]

Hi Folks! Just a note to let everyone who isn't aware know that, in addition to your already inflated homeowners premium, you will will be paying an additional 6.8 percent this year to cover the 516 million dollar shortfall for Citizen's Property Insurance Corporation. Citizens Property Insurance[a non-profit corporaton] has 740,000 policy holders in Fl., most living within a quarter mile of the coast. The 2002 law setting up Citizens Property insurance allows the power to raise rates not only on their policy-holders, but for all other Florida homeowners. Doubt this? Check your itemized bill this year. Tack this 6.8 percent raise on your current policy bill! Most insurance companies are raising rates fom 8.5 to 21 percent this year alone. You are truly your brother's keeper, comrade citizen.

 

[Smiling JOe]

Hi Folks! Just a note to let everyone who isn't aware know that, in addition to your already inflated homeowners premium, you will will be paying an additional 6.8 percent this year to cover the 516 million dollar shortfall for Citizen's Property Insurance Corporation. Citizens Property Insurance[a non-profit corporaton] has 740,000 policy holders in Fl., most living within a quarter mile of the coast. The 2002 law setting up Citizens Property insurance allows the power to raise rates not only on their policy-holders, but for all other Florida homeowners. Doubt this? Check your itemized bill this year. Tack this 6.8 percent raise on your current policy bill! Most insurance companies are raising rates fom 8.5 to 21 percent this year alone. You are truly your brother's keeper, comrade citizen.

Ain't Socialism grande?

 

[Bob]

Ain't Socialism grande?

This is socialism by the Marx brothers[pun intended]. At least if the legislature would have coughed up the money from the general fund, it would have been much more fair. It would have spread the cost to all who paid taxes. This insane situation double bills the homeowners who least benefit by current law. The current wind deductible precludes coverage to all but near- major loss, ands now this! It's like having a Hartford policy ,and one day you receive a letter from State Farm saying they've had a bad year, so pay up!

 

[beachmouse]

Citizens' Insurance- a necessary evil, and everyone's least favorite insurer of last resort. The legislature should have coughed up the insurance pool shortage from the general budget surplus. But they didn't so someone has to pay the piper.

 

[Bob]

Citizens' Insurance- a necessary evil, and everyone's least favorite insurer of last resort. The legislature should have coughed up the insurance pool shortage from the general budget surplus. But they didn't so someone has to pay the piper.

When the average homeowner's policy provides marginal coverage, and that homeowner is forced , by the state, to pay for a group most able to pay for their tenuous location, I say that the evil is unnecessary. This is a perfect example of undue influence. Were the situation reversed, we would hear the same whining I heard after the last storm. The entire purpose of insurance is spread out risk to a large group. 740,000 is a large enough group by me. If you wish to live by the coast, you pay the piper. I am busy enough paying 20 percent more for a policy that provides very little protection here in the middle of the state. Last year's score: house trashed 3 times by 3 Hurricanes,and no claims because of the wind deductible. What a deal! More please!

 

[Bob]

Alright all you BMW driven, chardonnay sippin, geo-tube lovin, dune dwellers out there, I want my insurance premiums back now! Or at least some extra roof shingles or fence sections if you find my old ones! God, that felt good!

 

[Richard]

When the average homeowner's policy provides marginal coverage, and that homeowner is forced, by the state, to pay for a group most able to pay for their tenuous location, I say that the evil is unnecessary. This is a perfect example of undue influence. Were the situation reversed, we would hear the same whining I heard after the last storm. The entire purpose of insurance is spread out risk to a large group. 740,000 is a large enough group by me. If you wish to live by the coast, you pay the piper. I am busy enough paying 20 percent more for a policy that provides very little protection here in the middle of the state. Last year's score: house trashed 3 times by 3 Hurricanes,and no claims because of the wind deductible. What a deal! More please!

And to make matters worse the Walton Board of County Commissioners continue to approve requests to develop closer and closer to the water, in the V-Zone and seaward of the Coastal Construction Control Line (CCCL). These areas are the most susceptible being damaged by storms. Homeowners here are more likely to have big insurance claims that we all end up paying. But the Commissioners approve request after request.

 

[TooFarTampa]

And to make matters worse the Walton Board of County Commissioners continue to approve requests to develop closer and closer to the water, in the V-Zone and seaward of the Coastal Construction Control Line (CCCL). These areas are the most susceptible being damaged by storms. Homeowners here are more likely to have big insurance claims that we all end up paying. But the Commissioners approve request after request.

Seaward of the CCCL? Still? Are they out of their minds?

 

[aquaticbiology]

Warning: The following is a RANT! I think I'm giving up on people. No matter how much we educate and legislate, it all comes down to dollars in pockets. We just returned from a sampling trip and 'the forgotten coast' isn't forgotten anymore, it's being sold by the square foot and, as is usual with new areas open for development, not a darn (long, long strings of explitives deleted) thing is being done to protect the beach, coastline, land, wetland, watershed, ow screw it, preaching to the choir! Nobody cares or does their homework anymore before dipping their toes into the seller's 'little erosion problem'. 'Sell it quick before its gone completely!' might be a better slogan since the counterclockwise flow of the gulf current ALWAYS causes erosion of NW Florida and deposits it on the Louisiana Mississippi River Delta. How do you think the coastline of nw florida got so ROUND??? Freshwater aquaculture looks better all the time. Who wants to spend their time fighting a losing battle against greedy dune-stomping idiots and spineless government's that are hell-bent on raising more taxes through population growth and screw the consequences? We can all go sit in our piles of sticks pounded into the dunes and watch the pretty sewage waves eat away at what was our front yard. Better yet, why don't we all go buy some land about a 2 miles back from the current coastline since we can't and our government won't do anything about global warming and we're not about to give up our 2 kilowatts of electricity per person per hour from sulfurous coal or suv motorhomes with their greasy engines that run on hydrocarbon fuels and require concrete roads that intefere with migration patterns (breathe!), and just wait for the catastrophe that comes from trying to nick all the world's oil and metal resources, then our little bit of heaven will be just 'beachy', right in the waves. GOODNESS GRACIOUS ME DO I FEEL BETTER! Thanks for the vent, and may God bless you all. And if its all the same, I'd rather drive a truck and eat freshwater fish. I'm moving next month. http://www.baysprings.olemiss.edu/about/umfs_brief_history.html

 

[Rita]

Thanks for venting, Marinebiologist :!: