“Bottom line, our government in FLA better get off their asses and work on the insurance problem here. It’s not going to be pretty”
Yea, I agree and that is the point of my post, but it quickly evolved into a HOA bashing session. Through no fault of their own many elderly fixed-income Floridians are finding themselves in a big mess and I believe the state has not done enough to inform the citizens exactly why our rates have gone up 4x, 5x, 6x. We’ve had hurricanes since people have lived in Florida and we’ve never experienced such increases as we see now. Bash people for moving to Florida all day long if that makes you feel good, but residents are not in control of rising housing costs or the lack of a rising income to match.
in a nutshell, the insurance companies are leaving in droves (ie dwindling supply) and construction is off the charts (ie increasing demand). And, in that nutshell is this: we desperately need tort reform in the state of Florida. The lawyers are cleaning the clocks of ins co’s and us, by suing anyone and everyone, hoping for settlement checks to float their business. And it works. Ins co’s don’t want to go to trial so they settle with everyone. It’s a never ending sh*t show.