With her vision, rates would triple from what you pay now, and no one would have any insurance. Course, some people in Florida would suggest that we are already at this position where home insurance is beyond the capability of people to pay.
Sometimes, the risk is too great, and not worth the premium payments, based upon natural events and weather.
Do you know if those people are already in a “high risk pool” with the insurance companies?
“Course, some people in Florida would suggest that...”
Every year South Fl — both Gulf & Atlantic sides — are hurricane freeways, with some years worse than others. Hurricane insurance sure isn’t cheap. I went thru one in the mid-70s, in an apt in Miami, with 3ft high water and 70-80mph wind. We got off easy compared to some.