@@allyb1289this insurance problem is National wide. You can blame the phony idiots in the White House who also happens to be running for president with her disastrous 4 years. More Corporations are in bed with all democrats.
@@RedtideFla price crash is happening already in Cape Coral and many surrounding areas. I’m seeing more houses up for sale that just aren’t selling anymore. They’re building apartment buildings just waiting for the super crash. It’s just sad seeing this happening all over again. 🤦🏼♀️
My daughter had damage to her home from a hurricane and called her insurance to inquire about her deductible and decided to make the repair without filing a claim. Which she did. Weeks later she received a letter from her insurance company with a huge increase. This is robbery
That’s what you guys get for the people you have put into Floridas government. Little dicksantis is getting rich. Most of the people that voted for him are maga. That’s all I’m going to say.
I live in a few miles away from key West on a canal, i have not have insurance in over a decade. Probably save over 6 figures, with that money save, i got a new metal roof .😊
I see both sides after the last big hurricane a roofer saw me working in the yard and started telling me how bad my roof was and he could get the insurance to pay for it, that being said my shingles are 6 to 8 years old they look great i told him I’m not interested. If you were to agree you sign some contracts and they do the work and then sue your insurance if they don’t pay I think that’s how it works here
Insurance companies are ridiculous with their pricing in normal circumstances, but with the inflated prices of Florida and with the constant terrible whether I don't blame them for their prices in that area. You can choose to live in Florida or you can choose to live somewhere else that doesn't have the bad weather. It's a choice.
@@kathcasey2090 you may well be right. It's been said DeSantis is a globalist. He did turn on Trump. Had he not done so he would be in much better position for the presidency in the future. That is if there is a future to speak of.
The guy in the video may not be telling the whole story. House is unoccupied. And if a house is unoccupied for more than 60 days dropping coverage is pretty standard. From NerdWallet: "Many insurance companies will limit coverage for homes that aren’t lived in after a certain amount of time - typically 30 or 60 consecutive days. For example, your homeowner's policy may not pay for damage from the following scenarios if your house is vacant for an extended period: Broken glass. Vandalism or malicious mischief. Burst pipes or other freezing-related problems. Theft or attempted theft. Say someone shatters a window to get into your house, which has been empty for three months. If they smash the French doors, scrawl a rude note on a bedroom wall, then set fire to the kitchen on their way out, your home insurer might not pay for any of the damage if you didn’t have vacant home insurance."
I found out my insurance was dropped from my mortgage company. When I called the insurance company to find out why they dropped me, they said it was because I wasn't living in the house. I moved in 2 days after closing and am still here. I asked why I didn't receive any notification of the intent to cancel and they said "We don't have valid current contact information for you". I guess when they decide of a bogus reason to drop you they will stick with it till the end.
I’m from NJ, been in Florida for 2years. Most things cost less here, but it has gotten worse here since we moved. My home insurance was $1200 2years ago. Now it is over $2000. Pretty soon there won’t be any place to retire. Everything is getting ridiculous.
Don't believe the hype. I spoke with a Realtor and she told me a sob story about an insurance company who refused to pay a $1,500 claim. They were sued and spent $100k in legal costs. They got what they deserved! Insurance companies are really owned by 2 investors no matter what company you choice, Warren Buffet is the largest, so if you want Warren to control your life be my guest
Cost of having a roof over your head is a nightmare all across the country, just with a slightly different monster in each location. Thanks for the update.
I was born and raised in SFL. I moved out of state three years ago for various reasons. The main one though, how prevalent fraud is, especially insurance fraud. This is the main reason insurance prices are so high and why most major insurance companies refuse to cover people in Florida. The first home I purchased was in Pembroke Pines, and my ONLY option for home owner's insurance was the state's Citizens Insurance, which was ridiculously expensive for my 2/1 home. IMHO most of the blame for the insurance woes Florida sees can be laid at the locals in areas like Miami. Most of the population are ok with running insurance scams all the time, over and over again. And this has been happening for decades.
Hi there. I live in PPines and so hate FL. Want to move to NC or TN. Traffic here and the huge cost of living and excessive heat 11 months a year are just oppressive. Where did you move too? Do you like it? I hope so.
Insurance companies need to actually visit each home and predetermine the condition of insurable items - roof, windows, etc. They have a bad business protocol merely insuring a home sight unseen. When they see the home they can actually determine a fair insurance rate.
I saw this coming. My insurance went from2400 a year to 6000 a year. Luckily I had enough in my 401k to pay off my mortgage. I am retired on a fixed income. I cant see throwing 6000 a year in the street. I have been here 28 years and never had a claim.
I love Florida and always will, but I think it’s time to pull up anchor. The great thing about America is that there’s beautiful places to live all over this country. I’m lucky enough to be able to work from home and / or seasonal.
The only way forward for Florida home owners is to build structures that can not be destroyed by the most common causes for insurance claims. The home needs to really be a castle so strong that there is no need for insurance.
My insurance did this to me when my home was for sale. They told me I had to buy “vacant property “ insurance ($$$) or I had to board up all the windows and doors, among other things. I ended up getting a tenant and they proceeded to destroy my nice home. They claimed that any vacant home is ripe for break ins.
Wait till the bottom drops out, it won't be long. The herd is starting to panic, it looks just like late 2007, nobody thought it could happen either. Tick Tock...
I live in South Florida and my insurance for my condo went from $1000 to $1750 per year. Ive never even used it for anything. And Hoa went from $295 to $465 per month. And a special assessment for concrete repairs just now for $2700. And prop tax went from $4000 to $5800
I lived in Florida in 2004 during Hurricane Charley, in the eye of the storm. Within 3 days of the storm everyone of us in the area got letters from our insurance companies saying that our homeowners insurance had been canceled and they wouldn’t pay. Luckily the Federal government stepped in and told the insurance companies they couldn’t do that. So they had to pay. Some!! I no longer live in Florida!
There is no way DeSantis doesn't know what is going on which means he doesn't give a crap. The more working class people that get driven out, the more homes become available for corporate buyers to snatch up. The same corporations who would make huge political donations to someone with eyes on the White House in 4 years. This is the same guy who claims to know nothing about trying to hand huge sections of our state parks to developers for golf courses and hotels. Despite the deal being run by one of his hand picked cronies.
@@johnwattdotca In 2022 DeSantus signed legislation which restricted access to Citizens and limited the ability sue insurance companies for regress. So yes, DeSantis is a huge part of why this is happening.
I was an insurance agent for 38 years in another State. I often wondered how any insurance company could survive doing business in Florida or California. It took companies awhile to realize they not only couldn’t make a profit in those 2 States but the survival of their company became an issue. State government is the only viable answer, because they possess the power to tax residence so predictable catastrophic losses can be adequately funded. No private insurance company, even State Farm, Allstate, & Nationwide, could not financially survive annual predictable catastrophic losses that have historically occurred in Florida and California. This insurance crisis was a certainty to happen. The only question was when not if. Thus major national insurance companies were faced with either bankruptcy or withdrawing from those State. I’m amazed they didn’t do that years ago.
You pay taxes when you buy your property. I want that to stop to. I'm tired of being taxed over and over for the same things. Insurance we need to stop paying it save all the money their being paid. Governor DeSantis needs to put an end to increases, and cancelation put a cap on home properties to 1 percent a year. Get rid of certain taxes.
Desantis doesn't do for Floridians, he does for his donors. He's approved 36% interest to be charged to us by debtors, he could easily cancel property tax or reduce costs for a few years. There is so much he could do, like his predecessors did. He's a mess.
I would give my left arm for only a 50 percent increase. 2 years ago we were paying less than 1,600.00 a year for homeowners. Thought that was a little high. Yeh right. Got the Dear John letter of non renewal. Mainly because my roof was going to be 13 yrs old. Now I am lucky to pay 4,100.00 per year. Could only find one company to insure us. They quoted 6,700.00 per year. It was a no brainer to accept the quote from Citizens of Florida. Will soon pay my mortgage off and just go uninsured. It’s a gamble but who can afford a new roof and still get denied insurance. Us native Floridians are screwed.
During the GFC I canceled my Insurance for 3 years. Told everyone in my home absolutely no smoking, lighting candles and to be extra careful when cooking and no dangerous/old electrical items like curling irons. Last person out of the house is to do a walk through checking everything and bought 3 large capacity fire extinguishers and absolutely no visitors and no pool parties and no alcohol consumption. Talked to the family and explained the importance of being extra careful. Yes it is a gamble but sometimes necessary. You gotta do what you gotta do to survive.
@DAVIDSAWH Hi I'm Mr. Hurricane thank you for letting me off the hook for a while there everyone was blaming me for higher insurance rates. Yea ! everyone blame that governor DeSantis guy it's all his fault!
@@stevethomas5209 he does nothing for the ordinary people in Florida especially poor and underprivileged people. He is only into culture wars. He is a flat-out racist.
From years of experience-i am not an attorney...just learned by making mistakes. 1. Read and understand your homeowners policy. Get help from your agent and a good dictionary if necessary. 2. Usually you get ample notice of non-renewal or cancelation so you can shop policies. 3. Be aware that your bank IS ONLY interested in the structure, not your belongings, nor additional living expense (if you have to move while repairs are being made), nor injury, so they won't get a comparable policy to what you can find yourself. 4. Your deductible is dependent on the value of house and type of coverage/claim, and you have to pay that. 5. If you can help it, don't buy a from a sub par company. Always good companies charge more, and often your agent can help you on your claims. Know that Public Adjusters get a percent of the settlement and this comes put of the amount you are paid...percents vary and can be negotiated BEFORE signing with them. Don't believe everything on RUclips.
I am tired of paying taxes and the local government not addressing the homeless problems. They have moved into our local park, burned down part of our public boardwalk, and just today I had to call FWC because they had a gill net on the side of the creek! After all the rain Jones Creek is full of campsite debris from all of their camps getting washed out down stream. They are pooping right into every creek in the Pensacola area, its an environmental disaster.
I feel your pain, I have to clean up there camp sites for work. People have this idea homeless are families that feel on bad times in reality they are drug addicted and mentally ill. One more thing I’ve had to clean several piles of pop up and have never seen toilet paper near by
Homeless drug addicts ruining everything we work for. The local government also does nothing about roaming animals. In Volusia county we are being overrun by stray cats. They leave traps out to catch them so they can neuter them and then bring them back to drop them off. So sick of cat poop everywhere in our town.
@@JetJ321 But, thank God the Democrats made the gateway drug marijuana legal in so many states huh? This is exactly what they wanted to happen. And, there is a reason they call it dope, dopes use it.
I own my home deed in hand. I'm also a contractor, I'm my own insurance. I keep enough to rebuild my house. Super cheap. We don't keep scammer insurance companies.
Nice for you…I am 76 and disabled…no savings left..can’t afford to sell and go into $5000 month elder housing! Or even regular apartment rentals now! Glad you are able to thrive…enjoy!
@@claireburkus8497 took me 20 years to reach this point. Just because we can fix our home doesn't mean we live like kings. We can buy the food we want and pay bills regularly. Contractor work is not doing so well currently. I'm 42 and it's only getting tougher. One thing I got is being a war vet I get the Va medical which helps.
@@ween4314 I remember when my Dad used to to come home with a report of who was let go from the company and felt the fear as a kid!!! My Dad worked for a firm as an architect and engineer…recessions and depression are felt first in the building trades for sure!! That was 1950’s !!!! The world keeps turning and God bless us , we get through !!! Stay well and thank you for your service …May we see the glory of a republic return to us here!!!
I’m in my 30s. Own my house. I also have a modest 60 acre pine tree farm in Holmes County. Told insurance to kiss my grits! I have a 2000sqft 1950s ranch that is built like a tank! My homeowners got up to $6k a year and I said NO WAY. If anything happens, I’ll fall back on the land in Holmes County.
Nice area until hurricane hits. Went through Ivan and glad done with florida after 18 years Yes florida not the same. Living the dream in Santa Marta Colombia.
I'm a long-time subscriber to your fishing channel. Just found this one. I have four homes in Pensacola. The insurance has become such a scam, that I'm self-insuring three of them. If my wife weren't so rooted in this area, we would live in another state. I am investing in real estate in other states for my grandchildren. Florida is in a death spiral. We may differ about the reasons but we both know profound change is necessary. That change is difficult because the government would rather deal with ego-driven personalities than effect real change for the common good. With the growth of voter suppression and evangelical involvement, we no longer have a voice. Forty-five years ago I moved my family to Florida. I now feel it was a mistake. Please let us know if you discover any remedies. Maybe an honest insurance company?
Just got my license in SC and was actually good to go with NAR/MLS, License etc. on 7/1 and am already looking at putting it on hold. I don’t see any money in it for a new agent in these times.
If you have a problem in Kentucky we just contact the insurance commissioner. The insurance companies hate that guy. They canceled our homeowners insurance because we had a house fire due to electrical wiring, electrical box was old. We had no idea anything was in need of updating. The home was inspected before we bought. Our claim was $36,000.00 and they canceled us. Five years on fire insurance, premium where high. All over one claim
@@Fourofakind-22B I don't understand why everybody thinks it's the governor's fault? Have you looked at the statistics? 79% of all the lawsuits were fraud. How do you justify that? The governor had to do something. Florida has been notorious for decades of shoddy construction builders and contractors disappearing in the middle of the night and fraud. I moved here in 1972 at 16. Left and then came back in 88. Nothing's hardly changed. At least the governor tried. Do you know how many insc companies are insolvent, how many left the state? How many went bankrupt? We were left with what 7? of course they could screw us. It's not the governor's fault. He may have jumped in too late. Please do your homework before you start blaming. And unfortunately, it's not going to correct insult. Literally overnight, it's gonna take time. It's gotten slightly better not much, but slightly better
I was born in W, VA. I can remember being a homeowner there, and we had ZERO issues like we do here now. I am considering moving back and leaving my boat at the marina, paying the $3600.00 a year, then coming down for a few weeks and getting my ocean therapy. This insurance crisis has destroyed all of my disposable income.
You can't comply your way out of tyranny! Learn right and wrong from following the savior, Jesus, ask him for courage and fight back! I'm not just speaking words I have done just that!
The insurance situation in Florida is WAY out of control. It is beyond ridiculous. I was out of work and could not make my premium payment and USAA dropped me when I got back to work and was able to make good which was only 11 days after they dropped me they wanted to charge me a $7000.00 penalty for non payment and then would only re-insure my vehicles but due to capacity would not renew the home owners policy. Paid all those premiums for years and this is what happens when you fall on a knee. You get no help from these corporations they will hang you out to dry in a heartbeat. I'm in Pensacola too. Where is our Representatives? Matt Gaetz we need this fixed man!
The insurance company belongs in jail for ripping off customers. The premiums are out of control, and if you have a legitimate claim, they will drop you like a hot potato. I paid to have any problems fixed out of pocket, because I cannot afford to be dropped, pay higher premiums and ultimately lose my home due to the robbery insurance companies are getting away with in the state of Florida. They sell defective merchandise, since you cannot ever put in a legitimate claim, without being dropped, and then having a premium that is so out of control, you become homeless.
I'm on my dad's condo board. Our insurance was dropped because they didn't like our spray foam roof. Which was put on at an extra 144 thousand dollars to protect our roof giving us another ten years. I fought with them for 6 months. I finally got them to listen proved that we didn't need a new roof but it got outvoted by the rest of the board. how much are we going to save if we get a new roof? Crickets, no one could tell me if we replaced our roof what amount of money we would save? Of course, the ex president kept blaming the governor, it was all his fault No, it's blackmail at its best.It's also a class action lawsuit as I suggested to the owner of the company for the spray foam roofing system
144 thousand dollars for a roof? Please tell us that's a typo! Did you mean spray foam shingle treatment to condition and extend life of shingles for $1,400? Or spray foam insulation in your attic that they didn't like? Or did mean something else that cost $144,000 ??
@@tammieaf2712 Nope. Not a type O. Remember its a building. Eighty six thousand plus sq feet. They repaired the roof of any issues prior to spraying the foam then sealed it. Brought a couple of Inspectors to look at it. They said that roof isn't going anywhere. It's six inches thick of foam plus the coating over it.That's the problem.The coating over it was not done properly.
@@hjfcoco It's a phone that is 6 inches thick. It can withstand a hurricane 5. There's an over lay of a teflon coating that if it's not applied properly will be an issue. Ours unfortunately, maintenance was not done properly. Creating Bubbles underneath that teflon coating
@@ricklesser5851 I gotcha, it's the entire building, not just his unit as I was initially thinking. Really sucks that you had all that done and someone screwed up the final coat. Is this ongoing or has it been resolved since earlier post?
Your carrier collects all those payments every month and spend them on overhead, payroll, claims and then are dependant on the next month's payment. A state law that forced the carriers to invest at least 65%of their monthly payments would stop a lot of it. You have insurance your payment money is spent before they recieve it. ALL HOMEOWNERS SHOULD GO BARE AND SELF INSURE.
Homeowner's insurance is out of control in Florida. I was paying $8000 a year in Tampa, Fl. I sold that house a purchased a brand new spec built home in Ocala, FL. I pay $ 445.00 a year for my homeowner's insurance now.
May I please ask, what company are you getting your house insurance through? How many square feet, & is it concrete block, hurricane deductible %, & rebuild of home policy value? Congrats on the great rate!
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.
Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
This reference seems valid.. Just looked up her full name on my browser and found her webpage without sweat, over 15 years of experience is certainly striking! very much appreciate this.
Just think of who’s been governor over the past 4 years. There’s where your answer lies as to who’s having their wallet padded. Now let’s talk about why cities are commercializing our parks. That’s happening all over the USA now and royally upsetting everyone to see their parks being destroyed by government greed.
My parents have been using the same insurance company for 30 years. Yesterday they received a letter notifying them they they have “decided not to renew the policy.” Pretty convenient right before hurricane season, no? They have been in Florida since birth and are retired and don’t know what to do next. Terrible.
@@jeltoninc.8542 Oh buddy, the season "starts" in June. But the REAL season is just getting going. I was born here and so were the past 7-8 generations of my family. These companies know how this works. The real damage usually happens in 3-4 weeks through October. May be earlier this year. Luckily, Debby was mild.
Our hurricane deductible suddenly jumped to $15,600. Our home is 1199 sqft. The value is MAYBE $300,000. HOLY CRAP! The premium continues to jump as well. We are probably going to have to sell and get out.
If the insurance contract doesn't include language; stating that selling the house could/would be grounds for policy cancellation, then they are committing fraud. The homeowner needs to sue the insurance agent and the carrier. Simple. And you don't even need an attorney. This would be an easy lawsuit to file. The carrier would lose. The homeowner would be paid back all premiums, and the carrier, could be facing millions in punitive damages. Very stupid on the carrier's part. People need to learn to read contracts before signing contracts.
We’ve also taken a step back and decided we would not buy in FL. Rent, sure cause we can leave easier but purchasing right now.. just don’t think it’s. A good idea right now.
Think about it. You get a loan for a $600k home with no insurance. A hurricane comes through, or a tornado, or faulty wiring causes a fire that destroys your home. There’s no insurance to rebuild so you walk away leaving the mortgage company to eat your mortgage. Is there ANY mortgage company that would take that gamble? I think not.
@Southern_Yankee There was a time when no one had home insurance. The prices of homes would have to drop but it could work. Do people want to see their properties rapidly devalued? I think not!
I sold my place in Florida because the state has become completely predatory. I remain in FL as a renter but never will I be owned by a home again. It just gives a huge numbers of entities a license to steal, without limit. I don't see value in "owning" something with unknown and uncapped liabilities.
@@sherryruffin1775 People will only pay what they're willing to spend to occupy a dwelling. Your uncapped bills are not my problem. They can steal from you but not from me. There's this thing called free market and competition. If I don't like your proposed deal when my contract is up, I'm free to go. The rising tide of the last 4 years has crested and rent rates are already in decline. But your bills are NOT, so the joke will be on you after gloating about your perceived power the last 4 years. The only way to not swallow the cost will be to sell your property. Massive rental supply is being built all around me where I live, so don't act like you have some sort of monopoly.
I call BS. The house was likely empty. People have a tendency to move out, leaving their homes empty (putting pictures of the home on the mls empty or virtual staging) or has the policy being sent to the new home making it clear you don’t live in the home. If your home is empty and you don’t live in it you must let your insurance company know and yes the premium will significantly increase because it’s empty. There is no way the insurance is just dropping you cause you’re for sale.
Frontline Insurance did it to me!!! Just this week I got a letter from Frontline dropping me. I live in my condo, put it up for rent as it’s too expensive for me now. Nobody has come to look or rent it. Frontline said they saw it on the rent listing and my policy is canceled. I don’t have a mortgage, I’m retired and Frontline did this to me!!!
@@retiredmom2947 do you actively live in the condo? Are the pictures of your home online showing it empty? If a home is empty it can be canceled. That’s all over not just FL.
Yes I live here. All my furniture - fully furnished. I even still work. WHY did they not just pick up the phone and call? Instead? Let’s just write a letter and drop this old retired biatch. Thanks, Frontline. 👍
The most amazing thing to me, is that insurance companies no longer send an inspector/agent out to a home to 'verify' information on the property. They work from photos many times (could be a photo of another person's roof or property!) that YOU provide. They have no competent help anymore or agents that are knowledgeable enough to do their job. I say to get the names of these companies that are being difficult and make sure you do not invest in their stocks or support them in any way. They bring in a massive amount of money from the homeowners and should be able to manage their business to treat people with respect and fairness. Very sad state of affairs.
Yes this! I had one tell me my roof needed to be replaced because it had discoloration on it. It was middle of summer and it was just mildew from heavy rains. 🙄
I had that happen. Insurer dropped me (went somewhere else) and before getting new insurance my lender provided insurance at twice the amount ,then my new insurer made me get a new roof and structure inspection and FEMA insurance because they said I was in a flood zone. Am not. Irony is that all of Florida should be in flood zone only ave.100 ft above sea level some at only 6 feet above
this all started with the roofers and the attorneys - the hurricanes are a small part of it......I own Coastal Home Advisors Real Estate - directly across from the beach....St. Pete Beach FL Problem is, 2010 - 2016 attorneys and homeowners took advantage and there are 2 roofing manufacturers that are huge lobbyist so the insurance companies were dealing with this fabricated roofing crisis for years before - now that they are hit with hurricanes their funds are drained thanks to the attorneys and roofers!!
Liability is the reason I wouldn’t go without insurance. Don’t you think there are plenty of people out there who see a rich person in a 5M dollar home, self insured, and think to themselves…..I should ask to go for a dip in their pool? 😮
You are correct. I would not go without liability insurance. So to reduce your property insurance by ~80% insure for liability and fire only. Drop the wind coverage which is what the majority of the premium pays for. Of course you can't do this if you are still paying on the mortgage:>
Absolutely agree. Or they walk up uninvited to your front door and fall in your driveway! You probably know this but never accept a liability cert from the workers truck as verification. Have it emailed to you from the ins office.
I purchased my home with cash. On and off for several months I received mail from insurance companies offering home owners coverage. I replied with "No thanks". I insure myself. Looking at grneral rates, 12 years passes by and what I didn't spend on insurance will replace my home if it's lost. Look at insurance company headquarters, don't they look majestic? 😂
Never made a claim and I don’t live in a flood zone. I have Towerhill Insurance exchange. $5,500 last year. This is insane. Glad I own my home and don’t have a mortgage.
the legislature and Governor DeSantis here in Florida needs to address these insurance issues pdq. Someone needs to reign in these insurance companies who are screwing people over.
It’s hilarious that Progressive said that it’s committed to FL bc Progressive just told me that my home owner insurance policy will not be renewed next year! Welcome to FL!
This is a carrier taking extreme measures to not get sued by random people walking into your home on a consistent basis. Obviously they have been sued time and time again. It’s anecdotal. Find an agent and shop it.
This is what happens when insurance has the governor and legislature in their pockets. They don’t care about their constituents, they care about big business!!!
Who is behind all these new home owner rules? The HMO owners are getting a tad more room to breathe since HMO's have new rules. I left Fl after 44 years because I couldn't afford to live there anymore. Home owners insurance for a modular home can only be found out of state. That changed in the early 2000's. In 16 years, I had 4 or 5 mortgage holders, I had Greentree 3 times and they filed bankruptcy 3 times. Go figure. But wealthy buyers and owners dictate to they're bought off representatives what they want and don't want to live around.
Well I have to say we are from Virginia and it happened to us. We had 2 really bad storms . These storms were within 2 years of each other. They did a lot of damage. And because we had 2 claims they dropped us. We lived on this property for 16 years and those were the only claims we filed. We moved Everything we had from that company to another company. That made us so mad.
With some sarcasm I'd say the insurance companies are jumping on the spending trend. In a time where people laugh at asking price and go right to a bidding war. That says people have plenty of money to throw away . So why not cancel the insurance for the guy that was all to happy to offer $30,000 $50,000 or $100,000 over asking and make him pay the highest rate possible. Anyone insane enough to buy a house today is dumber than my spelling and punctuation. 😅
Florida isn't for the poor or the retired unwhealthy. If you live here you better have some money or a great job. Own your property and be able to self insure.
Love your videos. Fishing and real estate. We plan to move to Pensacola next year, but I am getting worried about the insurance problems that Florida is having. Do you see any resolution to the problems that Florida is having?
Insurance companies cancel homes for sale because for the most part these homes are vacant. If the insured can show they are still in residence they can have the cancellation removed. If they home is vacant the owner needs a vacancy policy. You are sharing incorrect information.
NOT true, you're wrong. I was just canceled by Frontline. I STILL live in my condo! Still work and have a job, supposed to be retired. Frontline saw my listing without even contacting me. They have my phone number. ? Sorry, I’m canceled.
Different type of "invitees" with different liabilities. Guessing insurers saying homeowner is engaging in the "business" of selling and business owners have higher duties of care perhaps than social invitees. Still corporate bullshit however!! If cannot get out of the state altogether will reduce loss risk another way.
And we have never heard of that before. They want to make every penny they can so they’re gonna drop you so you get rid of that house quick cause I don’t want the new people to know how much the insurance is. 2:26
A class action lawsuit needs to happen with all Florida homeowners against all these insurance companies for bogus reasons & off the chart premiums.
You can't sue the insurance companies in Florida because they're all in bed with DeSantis and his cronies.
On what, STUPIDITY! You people paid crazy $$$ for the house😅, now insurance goes up. Wonder why???. WAIT TIL THE PRICE CRASH RIGHT AROUND THE CORNER
@@allyb1289this insurance problem is National wide. You can blame the phony idiots in the White House who also happens to be running for president with her disastrous 4 years. More Corporations are in bed with all democrats.
@@RedtideFla price crash is happening already in Cape Coral and many surrounding areas. I’m seeing more houses up for sale that just aren’t selling anymore.
They’re building apartment buildings just waiting for the super crash. It’s just sad seeing this happening all over again. 🤦🏼♀️
Thank your politicians for the state of your State!
My daughter had damage to her home from a hurricane and called her insurance to inquire about her deductible and decided to make the repair without filing a claim. Which she did. Weeks later she received a letter from her insurance company with a huge increase. This is robbery
They rate the damage by the zip codes. Don't give insurance companies a break ALWAYS make them pay !!
That’s what you guys get for the people you have put into Floridas government. Little dicksantis is getting rich. Most of the people that voted for him are maga. That’s all I’m going to say.
Hi way robbery is another name for insurance!
It is not much different than a lottery!
@@joeblow8837 nope Tallahassee gave insurance companies a gift, more premium for less liability.
I live in a few miles away from key West on a canal, i have not have insurance in over a decade. Probably save over 6 figures, with that money save, i got a new metal roof .😊
Insurance is biggest scam around. You pay in. They figure out how to not pay out canceling you.
I say it's a legalized Ponzie Scheme🤬
I see both sides after the last big hurricane a roofer saw me working in the yard and started telling me how bad my roof was and he could get the insurance to pay for it, that being said my shingles are 6 to 8 years old they look great i told him I’m not interested. If you were to agree you sign some contracts and they do the work and then sue your insurance if they don’t pay I think that’s how it works here
Steven Truer words have never been spoken.
You pay in, and they spend it on themselves, so nothing left to help give you.
@@Gypsygirl9 your spot on.
Citizens should call for a class action law suit against the insurance companies
Insurance companies are ridiculous with their pricing in normal circumstances, but with the inflated prices of Florida and with the constant terrible whether I don't blame them for their prices in that area. You can choose to live in Florida or you can choose to live somewhere else that doesn't have the bad weather. It's a choice.
Against Florida Governor!
With their lobbying with all the officials, my guess is they would pass a law exempting them...
Yeah, and you don't think they'll have the Kangaroo Court protecting them?
@@MrDCMiami Yes! The reason Voters should research and identify Persons of contempt, and not vote them in office. DeSantis is not a good Governer!
How are insurance companies getting away with this, the government should step in.
Lmao! The government gets their cut. The government don't care. Wake up.
The Repubs are in cahoots with them!
Because DeSantis is in on the grift
@@kathcasey2090 you may well be right. It's been said DeSantis is a globalist. He did turn on Trump. Had he not done so he would be in much better position for the presidency in the future. That is if there is a future to speak of.
Cancelling insurance because your house is for sale is utterly ridiculous.
The guy in the video may not be telling the whole story. House is unoccupied. And if a house is unoccupied for more than 60 days dropping coverage is pretty standard. From NerdWallet:
"Many insurance companies will limit coverage for homes that aren’t lived in after a certain amount of time - typically 30 or 60 consecutive days. For example, your homeowner's policy may not pay for damage from the following scenarios if your house is vacant for an extended period:
Broken glass.
Vandalism or malicious mischief.
Burst pipes or other freezing-related problems.
Theft or attempted theft.
Say someone shatters a window to get into your house, which has been empty for three months. If they smash the French doors, scrawl a rude note on a bedroom wall, then set fire to the kitchen on their way out, your home insurer might not pay for any of the damage if you didn’t have vacant home insurance."
It's all about $$$$ dear.
@@cindyonyoutube call your Governor, he’ll solve the problem for you. 😉
It's a big red flag if insurance companies think they will take a huge red flag offering a policy on the home.
@@tabithan2978 🤣
I found out my insurance was dropped from my mortgage company. When I called the insurance company to find out why they dropped me, they said it was because I wasn't living in the house. I moved in 2 days after closing and am still here. I asked why I didn't receive any notification of the intent to cancel and they said "We don't have valid current contact information for you". I guess when they decide of a bogus reason to drop you they will stick with it till the end.
I’m from NJ, been in Florida for 2years. Most things cost less here, but it has gotten worse here since we moved. My home insurance was $1200 2years ago. Now it is over $2000. Pretty soon there won’t be any place to retire. Everything is getting ridiculous.
It isn't just Florida. Texas has had a similar jump, not just homeowners, but vehicle too.
The overwhelming impact is legal settlements and fees. Florida needs to clamp down on the trial attorneys
....and all over the country
Don't believe the hype. I spoke with a Realtor and she told me a sob story about an insurance company who refused to pay a $1,500 claim. They were sued and spent $100k in legal costs. They got what they deserved! Insurance companies are really owned by 2 investors no matter what company you choice, Warren Buffet is the largest, so if you want Warren to control your life be my guest
Cost of having a roof over your head is a nightmare all across the country, just with a slightly different monster in each location. Thanks for the update.
I was born and raised in SFL. I moved out of state three years ago for various reasons. The main one though, how prevalent fraud is, especially insurance fraud. This is the main reason insurance prices are so high and why most major insurance companies refuse to cover people in Florida.
The first home I purchased was in Pembroke Pines, and my ONLY option for home owner's insurance was the state's Citizens Insurance, which was ridiculously expensive for my 2/1 home.
IMHO most of the blame for the insurance woes Florida sees can be laid at the locals in areas like Miami. Most of the population are ok with running insurance scams all the time, over and over again. And this has been happening for decades.
Hi there. I live in PPines and so hate FL. Want to move to NC or TN. Traffic here and the huge cost of living and excessive heat 11 months a year are just oppressive. Where did you move too? Do you like it? I hope so.
@@Gypsygirl9lol the irony!
Insurance companies need to actually visit each home and predetermine the condition of insurable items - roof, windows, etc. They have a bad business protocol merely insuring a home sight unseen. When they see the home they can actually determine a fair insurance rate.
Facts.
Kind of. But rates are also dependent on underwriting. Too many storm or hail or fire claims make it unprofitable to write in certain regions.
I saw this coming. My insurance went from2400 a year to 6000 a year. Luckily I had enough in my 401k to pay off my mortgage. I am retired on a fixed income. I cant see throwing 6000 a year in the street. I have been here 28 years and never had a claim.
I love Florida and always will, but I think it’s time to pull up anchor. The great thing about America is that there’s beautiful places to live all over this country. I’m lucky enough to be able to work from home and / or seasonal.
Get a metal cargo container and make it your home. No insurance needed
were all headed there !
The only way forward for Florida home owners is to build structures that can not be destroyed by the most common causes for insurance claims. The home needs to really be a castle so strong that there is no need for insurance.
It needs to be a boat when the state is underwater by 2050
well the builders won't build them like that and they create so much red tape to prevent us from building our own.
Glad I didn’t retire any sooner, I might have bought a home in Florida! This isn’t what I want to hear Grant, but thanks for your honesty.
Very smart!
Florida is a visit and leave state.
My insurance did this to me when my home was for sale. They told me I had to buy “vacant property “ insurance ($$$) or I had to board up all the windows and doors, among other things.
I ended up getting a tenant and they proceeded to destroy my nice home.
They claimed that any vacant home is ripe for break ins.
@@alyross2850😢
Wait till the bottom drops out, it won't be long.
The herd is starting to panic, it looks just like late 2007, nobody thought it could happen either.
Tick Tock...
I live in South Florida and my insurance for my condo went from $1000 to $1750 per year. Ive never even used it for anything. And Hoa went from $295 to $465 per month. And a special assessment for concrete repairs just now for $2700. And prop tax went from $4000 to $5800
Insanity!
If you haven’t realized what’s happening they’re pushing the common folk up North and eventually out of Florida and this is how
I lived in Florida in 2004 during Hurricane Charley, in the eye of the storm. Within 3 days of the storm everyone of us in the area got letters from our insurance companies saying that our homeowners insurance had been canceled and they wouldn’t pay. Luckily the Federal government stepped in and told the insurance companies they couldn’t do that. So they had to pay. Some!! I no longer live in Florida!
This needs to be brought to Governor DeSantis's attention so that he and the Florida legislature can pass a bill prohibiting this from occurring!
Governor cause this lol
There is no way DeSantis doesn't know what is going on which means he doesn't give a crap. The more working class people that get driven out, the more homes become available for corporate buyers to snatch up. The same corporations who would make huge political donations to someone with eyes on the White House in 4 years.
This is the same guy who claims to know nothing about trying to hand huge sections of our state parks to developers for golf courses and hotels. Despite the deal being run by one of his hand picked cronies.
Who can you blame for what is happening already? DeSantis?
@@johnwattdotca In 2022 DeSantus signed legislation which restricted access to Citizens and limited the ability sue insurance companies for regress. So yes, DeSantis is a huge part of why this is happening.
😂😂😂😂😂😂😂😂😂
I was an insurance agent for 38 years in another State. I often wondered how any insurance company could survive doing business in Florida or California. It took companies awhile to realize they not only couldn’t make a profit in those 2 States but the survival of their company became an issue.
State government is the only viable answer, because they possess the power to tax residence so predictable catastrophic losses can be adequately funded. No private insurance company, even State Farm, Allstate, & Nationwide, could not financially survive annual predictable catastrophic losses that have historically occurred in Florida and California.
This insurance crisis was a certainty to happen. The only question was when not if.
Thus major national insurance companies were faced with either bankruptcy or withdrawing from those State. I’m amazed they didn’t do that years ago.
You pay taxes when you buy your property. I want that to stop to. I'm tired of being taxed over and over for the same things. Insurance we need to stop paying it save all the money their being paid. Governor DeSantis needs to put an end to increases, and cancelation put a cap on home properties to 1 percent a year. Get rid of certain taxes.
Desantis doesn't do for Floridians, he does for his donors. He's approved 36% interest to be charged to us by debtors, he could easily cancel property tax or reduce costs for a few years. There is so much he could do, like his predecessors did. He's a mess.
Deathsantis gets too much money from the industry, he hurts us over and over, he is on their side and passed bs laws to help them to boot!
I would give my left arm for only a 50 percent increase. 2 years ago we were paying less than 1,600.00 a year for homeowners. Thought that was a little high. Yeh right. Got the Dear John letter of non renewal. Mainly because my roof was going to be 13 yrs old. Now I am lucky to pay 4,100.00 per year. Could only find one company to insure us. They quoted 6,700.00 per year. It was a no brainer to accept the quote from Citizens of Florida. Will soon pay my mortgage off and just go uninsured. It’s a gamble but who can afford a new roof and still get denied insurance. Us native Floridians are screwed.
During the GFC I canceled my Insurance for 3 years. Told everyone in my home absolutely no smoking, lighting candles and to be extra careful when cooking and no dangerous/old electrical items like curling irons. Last person out of the house is to do a walk through checking everything and bought 3 large capacity fire extinguishers and absolutely no visitors and no pool parties and no alcohol consumption. Talked to the family and explained the importance of being extra careful. Yes it is a gamble but sometimes necessary. You gotta do what you gotta do to survive.
That is outright robbery of customers, and they get away with it with on consequences.
Ron DeSantis is to blame.
@DAVIDSAWH Hi I'm Mr. Hurricane thank you for letting me off the hook for a while there everyone was blaming me for higher insurance rates. Yea ! everyone blame that governor DeSantis guy it's all his fault!
@@stevethomas5209 he does nothing for the ordinary people in Florida especially poor and underprivileged people. He is only into culture wars. He is a flat-out racist.
From years of experience-i am not an attorney...just learned by making mistakes.
1. Read and understand your homeowners policy. Get help from your agent and a good dictionary if necessary.
2. Usually you get ample notice of non-renewal or cancelation so you can shop policies.
3. Be aware that your bank IS ONLY interested in the structure, not your belongings, nor additional living expense (if you have to move while repairs are being made), nor injury, so they won't get a comparable policy to what you can find yourself.
4. Your deductible is dependent on the value of house and type of coverage/claim, and you have to pay that.
5. If you can help it, don't buy a from a sub par company. Always good companies charge more, and often your agent can help you on your claims.
Know that Public Adjusters get a percent of the settlement and this comes put of the amount you are paid...percents vary and can be negotiated BEFORE signing with them.
Don't believe everything on RUclips.
I am tired of paying taxes and the local government not addressing the homeless problems. They have moved into our local park, burned down part of our public boardwalk, and just today I had to call FWC because they had a gill net on the side of the creek! After all the rain Jones Creek is full of campsite debris from all of their camps getting washed out down stream. They are pooping right into every creek in the Pensacola area, its an environmental disaster.
😳😳😳😳😳😳
I feel your pain, I have to clean up there camp sites for work. People have this idea homeless are families that feel on bad times in reality they are drug addicted and mentally ill. One more thing I’ve had to clean several piles of pop up and have never seen toilet paper near by
Homeless drug addicts ruining everything we work for. The local government also does nothing about roaming animals. In Volusia county we are being overrun by stray cats. They leave traps out to catch them so they can neuter them and then bring them back to drop them off. So sick of cat poop everywhere in our town.
@@JetJ321 But, thank God the Democrats made the gateway drug marijuana legal in so many states huh? This is exactly what they wanted to happen. And, there is a reason they call it dope, dopes use it.
What?? Homeless in RED FLORIDUH!!!
It’s not just Florida, but it’s obvious why it’s happening.
I own my home deed in hand. I'm also a contractor, I'm my own insurance. I keep enough to rebuild my house. Super cheap. We don't keep scammer insurance companies.
Nice for you…I am 76 and disabled…no savings left..can’t afford to sell and go into $5000 month elder housing! Or even regular apartment rentals now! Glad you are able to thrive…enjoy!
@@claireburkus8497 took me 20 years to reach this point. Just because we can fix our home doesn't mean we live like kings. We can buy the food we want and pay bills regularly. Contractor work is not doing so well currently. I'm 42 and it's only getting tougher. One thing I got is being a war vet I get the Va medical which helps.
@@ween4314 I remember when my Dad used to to come home with a report of who was let go from the company and felt the fear as a kid!!! My Dad worked for a firm as an architect and engineer…recessions and depression are felt first in the building trades for sure!! That was 1950’s !!!! The world keeps turning and God bless us , we get through !!! Stay well and thank you for your service …May we see the glory of a republic return to us here!!!
I’m in my 30s. Own my house. I also have a modest 60 acre pine tree farm in Holmes County. Told insurance to kiss my grits! I have a 2000sqft 1950s ranch that is built like a tank! My homeowners got up to $6k a year and I said NO WAY. If anything happens, I’ll fall back on the land in Holmes County.
Same,
However it’s a good idea to still carry liability.
You never know …
Nice area until hurricane hits. Went through Ivan and glad done with florida after 18 years Yes florida not the same. Living the dream in Santa Marta Colombia.
My family has been in fl since the 1800s. I ain’t leavin’.
Saw the writing on the wall last December. Sold my house in 10 days at full boat and moved back to PA. I feel like I got out just in time.
I'm a long-time subscriber to your fishing channel. Just found this one. I have four homes in Pensacola. The insurance has become such a scam, that I'm self-insuring three of them. If my wife weren't so rooted in this area, we would live in another state. I am investing in real estate in other states for my grandchildren. Florida is in a death spiral. We may differ about the reasons but we both know profound change is necessary. That change is difficult because the government would rather deal with ego-driven personalities than effect real change for the common good. With the growth of voter suppression and evangelical involvement, we no longer have a voice. Forty-five years ago I moved my family to Florida. I now feel it was a mistake. Please let us know if you discover any remedies. Maybe an honest insurance company?
Able to annihilate the middle class with a simple stroke of a pen, its super ron!
Ron didn't run the Federal debt up to 35 trillion. Ron did make every Florida citizen the lowest holder of State debt in the entire country!
Just got my license in SC and was actually good to go with NAR/MLS, License etc. on 7/1 and am already looking at putting it on hold. I don’t see any money in it for a new agent in these times.
If you have a problem in Kentucky we just contact the insurance commissioner. The insurance companies hate that guy. They canceled our homeowners insurance because we had a house fire due to electrical wiring, electrical box was old. We had no idea anything was in need of updating. The home was inspected before we bought. Our claim was $36,000.00 and they canceled us. Five years on fire insurance, premium where high. All over one claim
The new rules for working with buyers are going to be a mess. Don’t give it up but I would give it six months to calm the waters so to speak.
Really Crazy, 😝 R U 4 Real!!!
Its all about control, & not allowing people to exercise free will to leave the state!
Actually! I think the person that put the new roof on actually has a grounds of lawsuit. Make the insurance company repay them for the roof.
Very true! But thanks to the governor and the legislature if you sue and lose, you have to pay all the legal fees of the insurance company.
@@Fourofakind-22B I don't understand why everybody thinks it's the governor's fault? Have you looked at the statistics? 79% of all the lawsuits were fraud. How do you justify that? The governor had to do something. Florida has been notorious for decades of shoddy construction builders and contractors disappearing in the middle of the night and fraud. I moved here in 1972 at 16. Left and then came back in 88. Nothing's hardly changed. At least the governor tried. Do you know how many insc companies are insolvent, how many left the state? How many went bankrupt? We were left with what 7? of course they could screw us. It's not the governor's fault. He may have jumped in too late. Please do your homework before you start blaming. And unfortunately, it's not going to correct insult. Literally overnight, it's gonna take time. It's gotten slightly better not much, but slightly better
I am so glad I moved back to west Virginia no heat and no big crowds
Pretty much Fl native here! We just bought property in Al, leaving next year
I was born in W, VA. I can remember being a homeowner there, and we had ZERO issues like we do here now. I am considering moving back and leaving my boat at the marina, paying the $3600.00 a year, then coming down for a few weeks and getting my ocean therapy. This insurance crisis has destroyed all of my disposable income.
Where in AL@@user-xj3ck5oy2x
@@user-xj3ck5oy2x. What part of Alabama?
You can't comply your way out of tyranny! Learn right and wrong from following the savior, Jesus, ask him for courage and fight back! I'm not just speaking words I have done just that!
The insurance situation in Florida is WAY out of control. It is beyond ridiculous. I was out of work and could not make my premium payment and USAA dropped me when I got back to work and was able to make good which was only 11 days after they dropped me they wanted to charge me a $7000.00 penalty for non payment and then would only re-insure my vehicles but due to capacity would not renew the home owners policy. Paid all those premiums for years and this is what happens when you fall on a knee. You get no help from these corporations they will hang you out to dry in a heartbeat. I'm in Pensacola too. Where is our Representatives? Matt Gaetz we need this fixed man!
The insurance company belongs in jail for ripping off customers. The premiums are out of control, and if you have a legitimate claim, they will drop you like a hot potato. I paid to have any problems fixed out of pocket, because I cannot afford to be dropped, pay higher premiums and ultimately lose my home due to the robbery insurance companies are getting away with in the state of Florida. They sell defective merchandise, since you cannot ever put in a legitimate claim, without being dropped, and then having a premium that is so out of control, you become homeless.
I'm on my dad's condo board. Our insurance was dropped because they didn't like our spray foam roof. Which was put on at an extra 144 thousand dollars to protect our roof giving us another ten years. I fought with them for 6 months. I finally got them to listen proved that we didn't need a new roof but it got outvoted by the rest of the board. how much are we going to save if we get a new roof? Crickets, no one could tell me if we replaced our roof what amount of money we would save? Of course, the ex president kept blaming the governor, it was all his fault No, it's blackmail at its best.It's also a class action lawsuit as I suggested to the owner of the company for the spray foam roofing system
Spray foam roof? You mean the foam insulation they spray under the roof?
144 thousand dollars for a roof? Please tell us that's a typo! Did you mean spray foam shingle treatment to condition and extend life of shingles for $1,400? Or spray foam insulation in your attic that they didn't like? Or did mean something else that cost $144,000 ??
@@tammieaf2712 Nope. Not a type O. Remember its a building. Eighty six thousand plus sq feet. They repaired the roof of any issues prior to spraying the foam then sealed it. Brought a couple of Inspectors to look at it. They said that roof isn't going anywhere. It's six inches thick of foam plus the coating over it.That's the problem.The coating over it was not done properly.
@@hjfcoco It's a phone that is 6 inches thick. It can withstand a hurricane 5. There's an over lay of a teflon coating that if it's not applied properly will be an issue. Ours unfortunately, maintenance was not done properly. Creating Bubbles underneath that teflon coating
@@ricklesser5851 I gotcha, it's the entire building, not just his unit as I was initially thinking. Really sucks that you had all that done and someone screwed up the final coat. Is this ongoing or has it been resolved since earlier post?
Your carrier collects all those payments every month and spend them on overhead, payroll, claims and then are dependant on the next month's payment. A state law that forced the carriers to invest at least 65%of their monthly payments would stop a lot of it.
You have insurance your payment money is spent before they recieve it.
ALL HOMEOWNERS SHOULD GO BARE AND SELF INSURE.
You forgot, their payments to the politians which is very costly.
You forgot the CEO profits lmao
@@jeltoninc.8542 I kind of think that is part of their overhead as it is a recurring monthly expense. The CEO gets paid before anything else does
From Orlando Florida south to Key West . A $1000.00 or more a month for Property Insurance is becoming the norm .
Homeowner's insurance is out of control in Florida. I was paying $8000 a year in Tampa, Fl. I sold that house a purchased a brand new spec built home in Ocala, FL. I pay $ 445.00 a year for my homeowner's insurance now.
May I please ask, what company are you getting your house insurance through? How many square feet, & is it concrete block, hurricane deductible %, & rebuild of home policy value? Congrats on the great rate!
@@Dee-ty9ny. I’d like to know what insurance company it is also.
No way
@@bassiclogic you’re not paying that little. Quit your lying.
I’m in Niceville and mine went up from 3800 to 5770 and the year before I was that just around 2000 when it made the jump almost 4000 insanity
I feel your pain.
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.
Would you mind providing details on the advisor who helped you?
Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
This reference seems valid.. Just looked up her full name on my browser and found her webpage without sweat, over 15 years of experience is certainly striking! very much appreciate this.
Desantis the governor could care less about the insurance rate hikes, he ok’d FPL hikes, hoa fees high due to new condo laws, but y’all love him.
He’s made a mess of Florida.
Just think of who’s been governor over the past 4 years. There’s where your answer lies as to who’s having their wallet padded.
Now let’s talk about why cities are commercializing our parks. That’s happening all over the USA now and royally upsetting everyone to see their parks being destroyed by government greed.
This happens in Florida pretty regularly
My parents have been using the same insurance company for 30 years. Yesterday they received a letter notifying them they they have “decided not to renew the policy.” Pretty convenient right before hurricane season, no? They have been in Florida since birth and are retired and don’t know what to do next. Terrible.
We as a nation, only care about the almighty $, and power. Politians are part of the problem. Kickbacks from the insurance industries.
Hurricane season started a while ago. What are you talking about?
@@jeltoninc.8542 Oh buddy, the season "starts" in June. But the REAL season is just getting going. I was born here and so were the past 7-8 generations of my family. These companies know how this works. The real damage usually happens in 3-4 weeks through October. May be earlier this year. Luckily, Debby was mild.
@@jeltoninc.8542peak hurricane season is September 10th.
This comes from the last 20 years mandatory insurance forcing insurance companies to take on people they would not insure if they had a choice
I put a new roof on (metal which is a 50 yr roof). They went up on me $500 a year because they said it was premium materials.
Wow, you save them money and they still get you
Our hurricane deductible suddenly jumped to $15,600. Our home is 1199 sqft. The value is MAYBE $300,000. HOLY CRAP! The premium continues to jump as well. We are probably going to have to sell and get out.
don't finance anything, don't insure anything
Don’t forget insurance companies are part of a lot of financial portfolios. And they don’t like not making more and more $$.
Thank you Brant for your great insight 👍
If the insurance contract doesn't include language; stating that selling the house could/would be grounds for policy cancellation, then they are committing fraud. The homeowner needs to sue the insurance agent and the carrier. Simple. And you don't even need an attorney. This would be an easy lawsuit to file. The carrier would lose. The homeowner would be paid back all premiums, and the carrier, could be facing millions in punitive damages. Very stupid on the carrier's part. People need to learn to read contracts before signing contracts.
My wife and I probably need to step back and analyze our possibility of relocating to Navarre. Thank you, sir, for all your informative videos.
We’ve also taken a step back and decided we would not buy in FL. Rent, sure cause we can leave easier but purchasing right now.. just don’t think it’s. A good idea right now.
All Desantis has to do is executive order that homeowners insurance cannot be mandated for a mortgage!
That wouldn't come without some form of pain, but I agree!
Think about it. You get a loan for a $600k home with no insurance. A hurricane comes through, or a tornado, or faulty wiring causes a fire that destroys your home. There’s no insurance to rebuild so you walk away leaving the mortgage company to eat your mortgage. Is there ANY mortgage company that would take that gamble? I think not.
@Southern_Yankee There was a time when no one had home insurance. The prices of homes would have to drop but it could work. Do people want to see their properties rapidly devalued? I think not!
Self insurance?
The lender will increase the "rate" to cover lender purchased insurance.
I sold my place in Florida because the state has become completely predatory. I remain in FL as a renter but never will I be owned by a home again. It just gives a huge numbers of entities a license to steal, without limit. I don't see value in "owning" something with unknown and uncapped liabilities.
well landlords are not going to swallow the cost . rents are not capped and can and do and will be increased without notice.
it's a members only club.
@@sherryruffin1775 People will only pay what they're willing to spend to occupy a dwelling. Your uncapped bills are not my problem. They can steal from you but not from me.
There's this thing called free market and competition. If I don't like your proposed deal when my contract is up, I'm free to go.
The rising tide of the last 4 years has crested and rent rates are already in decline. But your bills are NOT, so the joke will be on you after gloating about your perceived power the last 4 years.
The only way to not swallow the cost will be to sell your property. Massive rental supply is being built all around me where I live, so don't act like you have some sort of monopoly.
Renting builds no equity
Best thing to do is get some agricultural land and live in a small, easily replaceable shack. Straight up.
I call BS. The house was likely empty. People have a tendency to move out, leaving their homes empty (putting pictures of the home on the mls empty or virtual staging) or has the policy being sent to the new home making it clear you don’t live in the home. If your home is empty and you don’t live in it you must let your insurance company know and yes the premium will significantly increase because it’s empty. There is no way the insurance is just dropping you cause you’re for sale.
Frontline Insurance did it to me!!! Just this week I got a letter from Frontline dropping me. I live in my condo, put it up for rent as it’s too expensive for me now. Nobody has come to look or rent it. Frontline said they saw it on the rent listing and my policy is canceled. I don’t have a mortgage, I’m retired and Frontline did this to me!!!
@@retiredmom2947 do you actively live in the condo? Are the pictures of your home online showing it empty? If a home is empty it can be canceled. That’s all over not just FL.
Yes I live here. All my furniture - fully furnished. I even still work. WHY did they not just pick up the phone and call? Instead? Let’s just write a letter and drop this old retired biatch. Thanks, Frontline. 👍
Cancelling policies because the owner puts the property on the market is total pretext to cancel and IMO amounts to fraud by the insurance company.
The most amazing thing to me, is that insurance companies no longer send an inspector/agent out to a home to 'verify' information on the property. They work from photos many times (could be a photo of another person's roof or property!) that YOU provide. They have no competent help anymore or agents that are knowledgeable enough to do their job. I say to get the names of these companies that are being difficult and make sure you do not invest in their stocks or support them in any way. They bring in a massive amount of money from the homeowners and should be able to manage their business to treat people with respect and fairness. Very sad state of affairs.
Yes this! I had one tell me my roof needed to be replaced because it had discoloration on it. It was middle of summer and it was just mildew from heavy rains. 🙄
you should have provided the names of the insurance companies that did this...why protect them?
I had that happen. Insurer dropped me (went somewhere else) and before getting new insurance my lender provided insurance at twice the amount ,then my new insurer made me get a new roof and structure inspection and FEMA insurance because they said I was in a flood zone. Am not. Irony is that all of Florida should be in flood zone only ave.100 ft above sea level some at only 6 feet above
The insurance problem is happing here in the Balt / DC area too. My home/car insurance has doubled in one year..
this all started with the roofers and the attorneys - the hurricanes are a small part of it......I own Coastal Home Advisors Real Estate - directly across from the beach....St. Pete Beach FL Problem is, 2010 - 2016 attorneys and homeowners took advantage and there are 2 roofing manufacturers that are huge lobbyist so the insurance companies were dealing with this fabricated roofing crisis for years before - now that they are hit with hurricanes their funds are drained thanks to the attorneys and roofers!!
Liability is the reason I wouldn’t go without insurance. Don’t you think there are plenty of people out there who see a rich person in a 5M dollar home, self insured, and think to themselves…..I should ask to go for a dip in their pool? 😮
You are correct. I would not go without liability insurance. So to reduce your property insurance by ~80% insure for liability and fire only. Drop the wind coverage which is what the majority of the premium pays for. Of course you can't do this if you are still paying on the mortgage:>
Absolutely agree. Or they walk up uninvited to your front door and fall in your driveway!
You probably know this but never accept a liability cert from the workers truck as verification. Have it emailed to you from the ins office.
@@alyross2850 Thing is to avoid looking rich, and put all assets in trusts and IRAs, safe from law suits.
Liability insurance is cheaper fortunately
You think that, but most attorneys won’t even touch a case if someone DOES NOT HAVE INSURANCE. Insurance actually makes you a target.
We just switched from citizens ins to Kin ins also add flood ins
So did we. Great company
Is Kin abbreviated? Haven’t heard of them
My insurance went up 1k in NM compared to last year. It's true, lots of fires in NM
Great video, Brant.
I purchased my home with cash. On and off for several months I received mail from insurance companies offering home owners coverage. I replied with "No thanks". I insure myself. Looking at grneral rates, 12 years passes by and what I didn't spend on insurance will replace my home if it's lost. Look at insurance company headquarters, don't they look majestic? 😂
Born and raised in Florida! It is turning into a liberal shithole and I'm moving to North Alabama! The most affordable state in the US
Never made a claim and I don’t live in a flood zone. I have Towerhill Insurance exchange. $5,500 last year. This is insane. Glad I own my home and don’t have a mortgage.
Question: what happens if you pay the insurance in full, and then you get drop within 2 months. Isn’t that stealing from an Elderly person.
Florida resident. I got out thank god.
the legislature and Governor DeSantis here in Florida needs to address these insurance issues pdq. Someone needs to reign in these insurance companies who are screwing people over.
If the home for sale is empty we can write with a company that writes empty homes
It’s hilarious that Progressive said that it’s committed to FL bc Progressive just told me that my home owner insurance policy will not be renewed next year! Welcome to FL!
It's called exercising ownership over what is your.
It’s as if they want us to be homeless.
And Di senseless passed a law that homeless cannot be out in the open sleeping at night
they do
Yes I believe that is their plan.....own nothing and be happy
This is a carrier taking extreme measures to not get sued by random people walking into your home on a consistent basis. Obviously they have been sued time and time again. It’s anecdotal. Find an agent and shop it.
Most insurance doesn’t cover very much if it’s vacant!
I had mine up for sale and nope this did not happen
This is what happens when insurance has the governor and legislature in their pockets. They don’t care about their constituents, they care about big business!!!
They can leave anytime they want. Their price increases are because of Bidenflation.
Who is behind all these new home owner rules? The HMO owners are getting a tad more room to breathe since HMO's have new rules. I left Fl after 44 years because I couldn't afford to live there anymore. Home owners insurance for a modular home can only be found out of state. That changed in the early 2000's. In 16 years, I had 4 or 5 mortgage holders, I had Greentree 3 times and they filed bankruptcy 3 times. Go figure. But wealthy buyers and owners dictate to they're bought off representatives what they want and don't want to live around.
Well I have to say we are from Virginia and it happened to us. We had 2 really bad storms . These storms were within 2 years of each other. They did a lot of damage. And because we had 2 claims they dropped us. We lived on this property for 16 years and those were the only claims we filed. We moved Everything we had from that company to another company. That made us so mad.
the last 3 years its been tuff for me to say.. Florida is the best place to live. i cant find the good anymore
wait til Desantis is gone. He has destroyed Florida
Force placed insurance only happens if the homeowner doesn't find replacement coverage and inform the service company.
It is what it is I guess I'm saying if you don't like Florida you can always move someone else will take your place
With some sarcasm I'd say the insurance companies are jumping on the spending trend. In a time where people laugh at asking price and go right to a bidding war. That says people have plenty of money to throw away . So why not cancel the insurance for the guy that was all to happy to offer $30,000 $50,000 or $100,000 over asking and make him pay the highest rate possible. Anyone insane enough to buy a house today is dumber than my spelling and punctuation. 😅
It's based on cost to rebuild/repair.
Florida isn't for the poor or the retired unwhealthy. If you live here you better have some money or a great job. Own your property and be able to self insure.
Really hoping there is a big correction in housing. Then more people will move to Florida. 🌞
And not South Carolina.
Wow! This is crazy. It's like DeSantis sold you out or something.
Love your videos. Fishing and real estate. We plan to move to Pensacola next year, but I am getting worried about the insurance problems that Florida is having. Do you see any resolution to the problems that Florida is having?
No insurance, then hurricanes. Recipe for financial disaster. A house is not a "right."
Remember, the most honest insurance company makes Al Capone look like a ANGEL.
Insurance companies cancel homes for sale because for the most part these homes are vacant. If the insured can show they are still in residence they can have the cancellation removed. If they home is vacant the owner needs a vacancy policy. You are sharing incorrect information.
NOT true, you're wrong. I was just canceled by Frontline. I STILL live in my condo! Still work and have a job, supposed to be retired. Frontline saw my listing without even contacting me. They have my phone number. ? Sorry, I’m canceled.
That’s a beautiful area you’re filming. What did you do with all the people?
They are at work. On the weekends you will see a lot of foot traffic. I live around the corner, and that is how I know. Hope this helps.
They are in air conditioning.
Different type of "invitees" with different liabilities. Guessing insurers saying homeowner is engaging in the "business" of selling and business owners have higher duties of care perhaps than social invitees.
Still corporate bullshit however!! If cannot get out of the state altogether will reduce loss risk another way.
And we have never heard of that before. They want to make every penny they can so they’re gonna drop you so you get rid of that house quick cause I don’t want the new people to know how much the insurance is. 2:26
The only thing I ever hear is Floridians criticizing NY, I’ll, and Cal. and having them say, let Corps do whatever they want and don’t regulate them !
How do you regulate an industry that wants to leave the State???