Future of home insurance in Florida

post reply Forum Index » Florida
[Post New]06/02/2023 14:49
quote
Anonymous
It’s officially hurricane season folks, a storm already has a name.
[Post New]06/02/2023 15:52
quote
Anonymous
It’s called Rhonda. And it’s headed out of FL to everyone in the US.
[Post New]07/25/2023 07:31
quote
Anonymous
Florida insurance problems have far more to do with plaintiff friendly laws and insurance fraud than underlying risks.

Hurricanes - despite what you read- have a pretty narrow area of damage.
[Post New]07/28/2023 06:32
quote
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Question:

Will other people (like in Md, VA, DC, KS, MT, wherever!) have higher insurance rates b/c their insurance companies have to pay out a lot of claims in FL?

Do the companies "spread" the costs to other customers who aren't affected by the hurricanes (when the companies renew the policies over the next year or two)?



We shouldn't. If you think you do shop around. Most insurers don't sell in Florida. Their state insurance program (i.e. insurer of last resort) not covers a million properties


my insurance is USAA and they do insure homes in FL. I just don't want my HO insurance to be jacked up b/c of claims in FL.


You can always not renew, state farm and all state have left florida


No they haven't! I have State Farm and was just at their local office yesterday.
post reply Forum Index » Florida
Message Quick Reply
Go to: 

Search   Recent Topics   Hottest Topics