Posted on 11/25/2023 7:51:02 AM PST by devane617
We paid about $1400 for insurance in Frederick. It was the property tax eating us up.
And saved about $10K in state income tax moving back to FL.
I did not make a claim. I stated that high levels of fraud is one reason (a very big reason) that Florida insurance premiums have increased so much. You could stop calling me a liar and do a simple search under “Florida premiums and insurance fraud.” Or the like.
Maybe you should read the codes before making assumptions.
I guess there are a lot of people moving to Florida & still a lot of old houses that maybe not built all that well. We used to see a lot of mobile homes there when we went to visit in-laws. But I suspect a lot of newer construction is near the coast where the odds of catastrophic damage is greater.
“It’s called HURRICANES”
FALSE. If the problem were hurricanes then homeowners and other property insurance rates would be skyrocketing in Alabama and Louisiana too — which they aren’t. Up, but in line with other areas. And there have always been hurricanes.
The single factor that makes Florida different is the amount of fraud against insurance companies and scams in the construction industry — way out of proportion to other areas.
Can you imagine if we had state income taxes on top of that?
However look at the years and years the insurance companies collected premiums and never had any catastrophes . Where’d that money go to?
We can debate whether those are adequate or not—but it is factually incorrect to state that retirees are “fixed income”.
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I’ve been collecting a ss check every month for the past 16 years and never thought of it as “fixed income” there were two or three 0bama years with no rise and five or six with very small increases. On the whole it is about $900 per month higher than when I started collecting it.
My private pension is the opposite. When I retired my net income from that was “fixed” and my net has decreased, due to the fact that I did not pay any premium for company provided insurance at first. 0bama Care changed that, my premium is $655 per month now, they are my secondary insurer now, after Medicare but I still have two “minor” children and company is their primary provider. 0bama says they are “minors” and must be covered. They are 25 and 23 years old.
True, but they can try to solve the problem. In fact, DeSantis himself called for a special session of the Florida legislature in 2022, specifically for the purpose of finding ways to mitigate the problem. But that was when Florida was still a priority for him, or at least he was going through the motions of pretending it was. But Florida, it would seem, was always just a stepping stone to bigger things, for DeSantis.
The problem for Newsom is that the insurance problem is worse in California. The question will be whether DeSantis is nimble enough and articulate enough to counter-attack.
-PJ
The problem for Newsom is that the insurance problem is worse in California. The question will be whether DeSantis is nimble enough and articulate enough to counter-attack.
-PJ
Same here
Good driving record, same car for several years, etc.
All my premiums went down, except for uninsured motorists, up by several hundred wiping out any savings I otherwise would have had.
BINGO!
Roofers and “assessors” in cahoots with lawyers showed up after Hurricane Irma and some roofs with relatively minor damage and years of life left in them ended up getting replaced by HO insurance.
Now the only policy I can get has a high deductable for hurricane damage and after 10 years my roof is prorated for the next ten years. After 20 years I’ll bet that I have to replace the roof in order to get HO or flood insurance.
When that condo building fell down in Miami Surfside. That’s when the rate started going up that’s because DeSantis pressured the insurance companies to pay $1 billion claim within the first year so that he would look good. The insurance companies should not have approved that claim because it was the owners fault. They did not do their maintenance. They continuously voted to kick the can down the road because somebody else would pay for it after they died. Now we’re all paying for it. It’s a disaster all right for everyone.
The other thing to think about is that if you live in Florida, you are not a DeSantis fan. His job was all performative. He didn’t believe any of it. He was planning to run for president on this glorious fake Maga record without the Trump parts, the real part, the sincere part. Now he can’t win Florida and he can’t win the presidency if he can’t win Florida don’t you know?
I was in that typhoon also.
At Anderson AFB.
My auto insurance in CA. has skyrocketed I assumed it was because of the HUGE increase in car thefts!!
Your fix is really easy.
Build hurricane proof houses and only carry personal liability insurance on the home.
Look at Guam, they build homes that can withstand super Typhoons.
(Force 5 hurricanes)
Make it two story so you can get out of the water.
The main reason this happening is that local and county governments are not enforcing the building codes and the inspectors are not doing their jobs. This is nothing new, it’s just finally caught and the insurers are tired of the excessive losses in Florida and have left. Now all you have the State insurance pool for coverage and it is very much underfunded.
It’s called no enforcement of the building codes.
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