Hardly any private insurance left in the state. Most of this tab will be the state, paying for people to live on the beach.
“Hardly any private insurance left in the state. Most of this tab will be the state, paying for people to live on the beach.”
Wrong. Where do you live? I have relatives in Panama City and I live in Tampa Bay Area.
Everyone I know has an insurance carrier from a company.
A lot of homeowners in HOA’s down here self insure - meaning the HOA rebuilds the home (or condo, townhome) and you are responsible for the inside (drywall, appliances, flooring, etc.).
To insure the insides (if you’re between the ocean and intracoastal like me), you have to go through the state.
The problem is that isn’t a good value. When I stopped paying up, it was nearly $3,500/year.
Also, billionaires on Palm Beach and Jupiter Island (like the late, great Rush) don’t buy insurance. It’s cheaper over time to self-insure.
sad commentary.