“When you could get insurance at all, the restrictions would leave you without coverage in many scenarios, and the riders required to get decent coverage meant double, triple, or even quadruple what you paid only last month. It was really scary.”
Maybe the Florida insurance commission can mandate an end to hurricanes striking the Sunshine in order to stabilize prices for you ... or perhaps recognize insurance is a risk based industry that operates on a profit margin based on revenue being less than claim expenses.
Maybe the Florida insurance commission can mandate an end to hurricanes striking the Sunshine in order to stabilize prices for you ... or perhaps recognize insurance is a risk based industry that operates on a profit margin based on revenue being less than claim expenses.
You carefully ignore the over 50% to 90% increase requests EACH YEAR since 2005. Then, of course, the shenanigans in the SE after Mobile got clobbered by Katrina. Try to get a payoff there, if it could be construed to be water damage. State Farm screwed people for YEARS.
My little condo in West Kendall, Miami tripled twice when State Farm dumped us and we had to take the state version.
State Farm IS a mutual company ... so tell me, if you live in Montana, did YOUR homeowner's insurance rates triple in the last three years? How about Californians. Oklahomans? Washingtonians? (the State, not D.C.)
The idea was to spread the risk, not limit it to a state or group of states and then screw them when possible.
Bluntly, that's what State Farm homeowners has been doing across the board. Now, how's your fire insurance in Southern California been doing, lately?
Yeah. Just what I thought. You have no idea what a hot button issue Homeowners insurance is in Florida.
Please try to keep up with regional issues before you open your piehole and grace us with your wisdom.