Posted on 05/14/2025 5:50:22 PM PDT by Angelino97
Insirance in Florida has just gotten crazy. We did get a $2000 reduction this year on our Honeowners, hut it’s because for wind and hail the roof is now covered at cash value and not replacement value.
Not my point. In blue areas, they won’t allow you to use your own property but give renters/squatters greater rights. Then, they increase your expenses as an owner.
Seems like insurance companies demand to profit every year. You will have some “California fire years”. But if every home is paying 1% of the replacement costs of the home - I don’t think losses/payouts approach that 1% annually on average.
I’ve lost two different insurers on two different properties in two years. LAST year it was Safeco suddenly deciding that the lush, green tree in my front yard that had been there for maybe 20 years was an existential threat to the house, and needed to be “off the roof.”
Well, it wasn’t “on the roof” and I had just massively thinned it out and pruned up the canopy. After several email back and forth through my agent, none of which ever got specific, and additional cutting of the tree, Safeco bailed on the policy.
AFTER THE FACT it came out that their “off the roof” meant — no matter how HIGH above the roof the tree was — they wanted a discernible band of daylight VERTICALLY between the gutter line and the tree. But they intentionally didn’t say so specifically JUST so I couldn’t meet that metric and @#^! up their plan to close the policy.
This. The neighborhood our house is in is in absolutely no danger from fire. Period. Yet we all pay.
All of this is thinkable and logical, you hysterical Brits.
State Farm left Florida after Hurricane Andrew...
Its “unthinkable” for a business to raise its prices? Need to win court case to be allowed to?
This is why businesses dry up and fail or move out from blue areas.....the Dems undermine you will rules and regulations that cost you more, then the Dems put price controls on you.
This is why socialism fails every time it is tried.
The market should be able to react to stupid government regulations.
State Farm insures in Florida.
IIRC, there are about 100 actuaries working for the feds in various roles.
Some probationary actuaries hired in the last year were let go. There is a hiring freeze at the IRS.
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