I’ve heard that up to 15% of Florida’s homeowners have just given up trying to insure their homes. They’re uninsured. If you don’t have a mortgage, you can do it, and given that the insurance companies generally find a way out of paying claims, they might as well save their money and pay for any issues themselves.
Yes, just happened to a friend of mine during the last Hurricane. They did cover damage, but they doubled his rates after. Now he is in a pickle and can’t even sell the place to get out from under it. He is going to end up paying four times what the place is worth or have to walk away as a loss and destroy his credit.
Allstate’s expensive, but we got significant hail damage a few years ago here in Texas, and they were quick and fair in getting me paid for the repairs. Folks with cheaper insurance were the ones complaining about the adjustment process.
All things considered, I’d rather complain about rates than settlements.