Citizens Insurance customer receives notice of 430% rate increase in Florida

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  • Опубликовано: 31 окт 2023
  • As our Price of Paradise series about the rising costs of living in Tampa Bay continues, we're taking a closer look at a new insurance company that is offering private coverage to customers of Citizens Property Insurance... the taxpayer-backed insurer of last resort in Florida.

Комментарии • 324

  • @stephensdygert7600
    @stephensdygert7600 6 месяцев назад +114

    The government of Florida will always protect the interest and profits of the Insuance companies(rackets) over the policy holders

    • @MikeSmith-nu9wt
      @MikeSmith-nu9wt 6 месяцев назад +7

      That's cause there the same people profiting off it ? I started my own insurance company for my home ..

    • @BNWhitty
      @BNWhitty 6 месяцев назад +18

      You people are crazy.. insurance companies going bankrupt and leaving Florida. 70% of all litigation related to insurance is in Florida. In the last 6 months 4 people have come to may door asking me to file a claim against my insurance for my roof. When I tell them the roof still works they say dont you want a free roof. Fraud fraud fraud is the problem.

    • @ceegee924
      @ceegee924 6 месяцев назад +6

      If the insurance pays out means there was visible damage. Any cracked shingles allows water to penetrate the sheeting. There is photos of everything. If the claim is denied then most likely it's a scam trying to get another roof.

    • @stephensdygert7600
      @stephensdygert7600 6 месяцев назад

      @@BNWhitty The Insurance rackets were started by the Mafia. Their goal is to collect as much money as they can, from their policyholders, then fight them tooth and nail, when they file a legitimate claim. This is the doctrine of all the insurance rackets. Home, Health, Car, ect.ect. The Florida Insurance commissioner past & present. Let big insurance "cherry pick" their customers. State Farm is infamous of dropping people from their Home owners coverage(Hurricane Helena) then the government of Florida still permits them to sell car Insurance. Read the book "Deadly Spin" by Wendell Potter ex CEO of Cigna.

    • @BNWhitty
      @BNWhitty 6 месяцев назад +8

      @@ceegee924 this couldnt be further from reality. Im not saying there are not valid claims. Business decisions are made daily. Its just Florida. Same crap in Auto insurance. Every little minor fender bender, everyone is hurt and has their hand out. We have made Morgan and Morgan almost a billionaire while driving up the cost to insure 400%.

  • @blondey040300
    @blondey040300 6 месяцев назад +53

    We received the same letter. Went from $14k with Citizens (which was $7k last year) to $25k with Slide insurance 😮 and my husband missed the part where you have to respond! I caught it and we were able to stay with Citizens. Absolutely insane!

    • @curtandoscar
      @curtandoscar 5 месяцев назад +1

      Curious if you are going to move out of the state because of this, as so many are.

    • @blondey040300
      @blondey040300 5 месяцев назад +5

      No. We own a business here. We love Florida, I was born and raised here. We are just like most people trying to figure it out 🤷🏼‍♀️

    • @yellowbird5411
      @yellowbird5411 2 месяца назад +4

      My friend's insurance with Citizens went from $8,000 per year to $18,000 per year a few months ago. She got them down to $12,000 but decided after all that to sell her home and downsize. Even at $12,000 that is $1,000 a month just for insurance.

    • @UncleDavesKitchen
      @UncleDavesKitchen 26 дней назад +1

      @@yellowbird5411 I'm in Phoenix, my insurance has gone up $11. a month in the past 6 years, it's very affordable here. I pay $113. a month for house insurance. I can't imagine paying $1K a month for it.

    • @yellowbird5411
      @yellowbird5411 11 дней назад

      @@blondey040300 It might be worth looking into getting a second mortgage for the amount still owing on the house, pay the house off, and then you can either drop the insurance or get liability only if you want that. I just dropped mine entirely, and it wasn't nearly what yours is. At least if you don't have the insurance, having a second mortgage (or equity loan), that money can go to pay off the loan. Just try to think outside the box. Getting the mortgage paid off any way you can will save you so much money in insurance.

  • @williambrennan5701
    @williambrennan5701 6 месяцев назад +25

    they did me like that in the rick scott days serval times .Back then you had to mail back the refusal and they always tried to say they didn't get it. I actually had every letter sent via post office signature receipt so they had to sign a stub and it was mailed back to me . I had a physical signature from their office backed up from the postal service to show they got it so they had to change it right back. Protect yourself or they will destroy you

  • @sarajensen5598
    @sarajensen5598 6 месяцев назад +16

    Slide tried to charge us 750% more.$4400 (next yr.projection) to 32,000.00.Nuts!!

  • @cvn6555
    @cvn6555 6 месяцев назад +35

    That is slimy. They should only be allowed to switch you if you agree to it, not just switch you if you don't take an action.

    • @yellowbird5411
      @yellowbird5411 2 месяца назад +3

      That should be illegal, especially in a state full of elderly people who maybe cannot understand properly what the letter is saying.

  • @vancejochim8537
    @vancejochim8537 6 месяцев назад +16

    This happened to me in Central FL a few years ago. Citizens forced me to go with a new insurance firm with no history of claims and questionable reserves. They failed within 2 years and I went back to Citizens for my 1885 double wide. The State approves no name, no history new insurance firms that then lack reserves for the first big catastrophe and then fail starting the cycle all over again.

  • @neuralglitch9063
    @neuralglitch9063 2 месяца назад +14

    I paid my house off 15 years ago. The day after the mortgage was paid off I received a certified letter from my insurance company raising my rate from $550/year to $3600/year !! I dropped them and put $1000/year in an interest bearing account and now have enough to practically build a whole new house. If the home gets damaged, (and it does) I pay the cost out of pocket and it gets fixed much faster, with a LOT less hassle. Insurance companies = the bank = crooks. The most liberating thing one can do is to pay off the house !!! Your blood pressure will thank you 😊

    • @gringoboy701
      @gringoboy701 13 дней назад +7

      What part of the U.S. do you live where you can build an entire house for ~25k?

    • @neuralglitch9063
      @neuralglitch9063 8 дней назад +1

      @@gringoboy701 Rural Maine....but I can build it myself. Also note that I said "practically"....lol

    • @user-wc8lu7qd2m
      @user-wc8lu7qd2m 5 дней назад

      @@gringoboy701that just tells me he actually can’t rebuild his house.
      25k won’t barely cover the trusses, AC unit/air-handler.
      It’s 2 grand or more just for materials for a panels and wiring.
      Hell demo and haul away will take him 10 grand, even if he DIY.

  • @Fireship1
    @Fireship1 6 месяцев назад +28

    I love Florida, but this will make the Carolinas way more attractive to people looking to live in the southeast.

    • @travolous
      @travolous 6 месяцев назад +3

      Come on up, NC is amazing!

  • @bobbullethalf
    @bobbullethalf 6 месяцев назад +16

    Who can afford those prices in Florida? As a retiree it just does not make any sense to live in the state anymore. I want to enjoy the rent of my life without going broke.

    • @raydemos1181
      @raydemos1181 5 месяцев назад

      Retire in the Ozarks, deep in the swamp.

    • @Tugela60
      @Tugela60 3 месяца назад +3

      That was always the cost of living there, it is just that the rest of the country used to subsidize you through reinsurance, but that is not happening now.

    • @bobbullethalf
      @bobbullethalf 2 месяца назад +2

      @@dm285 100 % agree. We have some feelers around the southern part of Alabama, it seems to be better suited for our financial situation.

  • @woundgirl1
    @woundgirl1 6 месяцев назад +29

    I went to an insurance broker because Progressive raised ours from 2200. To 4700.
    Got a great deal from another insurance for 2500. With better coverage. AND ITS NOT CITIZENS

    • @cn00237
      @cn00237 6 месяцев назад +7

      Please who was it?! We are in a bad insurance situation at the moment. Anything helps at this point. Truly.

    • @MrJayallen2004
      @MrJayallen2004 6 месяцев назад

      @@cn00237 We use L&M Insurance . Riverview, Fl

    • @imxploring
      @imxploring 2 месяца назад +1

      Bogus post.

  • @roshglock
    @roshglock 6 месяцев назад +20

    That should be illegal to rais rates by that much

    • @user-zt5wu8tu6t
      @user-zt5wu8tu6t 6 месяцев назад +2

      Yeah, government should set the prices for everything. They tried that in England in the 70's, and it economically destroyed their country.

    • @cn00237
      @cn00237 6 месяцев назад +7

      I believe they should put a law into place that protects the prices from going up too much. A price cap would be nice. Especially when they know the statistics of the average household income in Florida. They should not be going above what can be afforded. Eventually they will outsource themselves and have no customers bc no one can afford that bullshit. They will be their own demise if they don't stop with the disgusting greed.

    • @maryelyse5633
      @maryelyse5633 6 месяцев назад +3

      ​@@cn00237 There is a cap and what slide is doing is very possibly price gouging. Hopefully 2024 helps control prices better Many people are leaving the state. House prices and insurance should settle down. Changes from 23 legislature for 24 may help. Or not....

    • @markbonner1139
      @markbonner1139 6 месяцев назад

      ​@@cn00237Absolutely correct!! These corps. want Fl. to be a state of people that can afford these rates,ie.,GA--ZILLIONARES!!! Plain & simple, point blank!! LOW 7 FIGURES,NEED NOT APPLY, U CAN'T AFFORD TO LIVE HERE, STAY OUT!!!

    • @Main1Event
      @Main1Event 6 месяцев назад +1

      @@cn00237 So do you think there should be a cap on what you sell your house for ? I mean if you bought it in 2020 for 200,000 should you be able to sell it in 2024 for 400,000 or do you think the government should be responsible for telling you how much more you can sell your house for ?

  • @buffaloman5042
    @buffaloman5042 6 месяцев назад +8

    I had the same 400% increase from Slide ins

  • @mollylenyo1407
    @mollylenyo1407 6 месяцев назад +11

    Gov needs to shut it down, and stop the gauge

    • @EverydayNesbitt
      @EverydayNesbitt 6 месяцев назад +12

      He's the reason why it's happening. He signed a bill this year that took away our protection to allow this to happen. He gave favor the the Insurers. I'll find the news link and share it with you.

    • @cn00237
      @cn00237 6 месяцев назад +2

      ​@@EverydayNesbittlink?

    • @markbonner1139
      @markbonner1139 6 месяцев назад +2

      United States of CORPORATIONS---ALL HAIL GREED!!!

    • @jeffc1347
      @jeffc1347 6 месяцев назад +2

      Citizens insurance is government taxpayer subsidized insurance. You are only supposed to be eligible for Citizens if you cannot get insurance from a normal insurance company. Citizens customers are living off taxpayer subsidies.

    • @Wisepati
      @Wisepati 2 месяца назад

      @@markbonner1139 to a certain point you are right. But consumers have fueled this by going to places like Walmart and buying cheap Chinese goods instead of supporting workers here in the United States.. also the lie they accepted about trickle down economy is just not true. The oligarchy is in charge anymore.

  • @archangele1
    @archangele1 6 месяцев назад +15

    Citizens is also a slimy company. I had a house fire in 2007 and was on Citizens and
    it took over 5 months for them to pay the claim. And the only reason they paid is that I contacted
    my state representative and the governor's office and both came down on them.
    I still remember the adjuster coming to me instantly after the governor's office
    contacted him and he was like, almost in tears whining about why I called
    the governor's office and such. But , I finally got paid by Citizens after that.
    Citizens was just trying to wait me out and after a certain amount of
    time, apparently an insurance company can just walk away from a claim.
    Anyway, that was what I was told. So, they were trying to not pay the claim.
    What makes me angry about the present situation is that people in North Central
    Florida, most all of who have never had a hurricane related claim are
    also suffering the same fate as the fools who live near either coast and are
    always having hurricane related claims. I can understand the high insurance rates and
    difficulty in getting insured along the coast, but in
    Lake City or Gainesville or Ocala? Come on, seriously.

  • @gelliebeane6789
    @gelliebeane6789 6 месяцев назад +70

    Where is Florida's governor??? What is he doing about this???

    • @patriciatinkey2677
      @patriciatinkey2677 6 месяцев назад +32

      Nothing

    • @ron-om1qh
      @ron-om1qh 6 месяцев назад +6

      government cant tell private business what to do,get insurance somewhere else

    • @miamivicefanatic9736
      @miamivicefanatic9736 6 месяцев назад +31

      He too busy fighting with Mickey Mouse.

    • @tinetannies4637
      @tinetannies4637 6 месяцев назад +22

      He's polishing his high heels with pudding fingers

    • @Maxrepfitgm
      @Maxrepfitgm 6 месяцев назад +22

      He's fighting wokism, you know, the truly important challenges we face in life.

  • @baldisaerodynamic9692
    @baldisaerodynamic9692 6 месяцев назад +8

    thats nuts. drop insurance and save that money instead.

    • @mscolli3
      @mscolli3 2 месяца назад +1

      Thats what I did over 25 years ago and never looked back. However a mortgages require it. If the bank wants it I say they should pay for it.

    • @yellowbird5411
      @yellowbird5411 2 месяца назад +2

      Only if the house is paid off.

  • @joylong8897
    @joylong8897 6 месяцев назад +6

    Crazy!! 😢for people who don't have computers or guidance. Very sad.

  • @BillyMartin68
    @BillyMartin68 6 месяцев назад +21

    The bad news is that he’s paying almost $300 a month for homeowners insurance. I live in Arizona and I pay $600 a year.
    😂😂😂😂

    • @abarbaradorsey3713
      @abarbaradorsey3713 6 месяцев назад +5

      IMHO people are buying uninsurable homes. No middle class Moe is going to feel sorry for coastal residents enough to support them with even more taxes. Insurance companies are a mirror of reality in a world of unprecedented spending

    • @uncleshark1103
      @uncleshark1103 5 месяцев назад +1

      I have my own private water supply, and can grow whatever I want, whenever I want, so there are tradeoffs.

    • @GreggSagge-lt6le
      @GreggSagge-lt6le 4 месяца назад

      ​@@uncleshark1103taking foridas water underground nice

    • @zenoslayer9618
      @zenoslayer9618 4 месяца назад

      You don't have hurricanes or tornadoes much

    • @Tugela60
      @Tugela60 3 месяца назад +1

      That is because you don't live in land that is slowly being submerged and hit annually by hurricanes 😂
      The problem with Florida is too much expensive real estate in danger of being wiped out in the next disaster.

  • @catdavis9328
    @catdavis9328 3 месяца назад +2

    Absolutely ridiculous prices. Retired people won't be able to cover there homes between homeowners insurance and home county taxes. Wake up Florida government.

  • @geminiecricket4798
    @geminiecricket4798 6 месяцев назад +7

    Our fire insurance for 2024 is 10 thousand for one year in Orange County, California.

  • @altha-rf1et
    @altha-rf1et 6 месяцев назад +6

    live in lutz we are we are paying 350 if it went up to 14,000 a year we would have to sell at a lost just to get out

  • @uncleshark1103
    @uncleshark1103 5 месяцев назад +5

    We have to end for-profit insurance before it ends us. Period.

  • @bmacd2112
    @bmacd2112 6 месяцев назад +20

    Not much of a surprise here. Insurance, in general, is nothing more than a legalized version of a Mob run protection racket. You have no choice and they know it. So they gouge you for as much as they figure you'll tolerate without going to someone else. If you've been a customer for years, they stop caring if you leave them or not. In their eyes, if you leave, then they collected all that money from you and never had to payout! That's a big WIN for them!!!

    • @Wisepati
      @Wisepati 2 месяца назад +1

      I can see your point. Do you have a solution? Most people cannot pay off their mortgage and have enough money in the bank to replace their home.

  • @fudogwhisperer3590
    @fudogwhisperer3590 6 месяцев назад +14

    This is insane, they should be required to send these letters return receipt so they can prove that you got the notice. Also commercial etiquette requires 3 notices, 1) notice, 2)default right to cure, 3) notice of default. This should be deemed unenforceable without proper commercial process.

  • @mindashort8412
    @mindashort8412 3 месяца назад +2

    Slide billed our mortgage company over $12,000 after UPC went under!! had to fight to get $ back!!! Got insurance for less than $3500!

  • @jasoncrandall73
    @jasoncrandall73 6 месяцев назад +13

    Meanwhile Citizens charges below everyone else & that puts all Florida Insurance Policy Holders at risk for massive surcharges on all Florida Insurance policies.

  • @Joce123
    @Joce123 6 месяцев назад +3

    What happens if somebody is traveling? Or if someone is in the hospital and didn't happen to get that mail oh my gosh?

  • @Kevin-mk6jo
    @Kevin-mk6jo 6 месяцев назад +6

    Where is Disantis on this? He getting kick backs? Whats going on????

  • @brandonbrown6918
    @brandonbrown6918 6 месяцев назад +10

    Happen to me when my gym closed down. They transferred my gym membership 20+ miles away at a different Gym with a completely different name. No way associated with the one closed. They got 2 payments from me before I caught it on my bank statements. They said you should of received the email. Yet..... when I signed up I used my school email , for which was no longer in service. Scumbags

  • @donnabozek
    @donnabozek 6 месяцев назад +9

    The same here. Citizens premium approximately $2500- Slide is over $9000 😲

  • @poodee9395
    @poodee9395 6 месяцев назад +8

    They tried that with me too. I called my agent immediately and opted out.

    • @purnchetta
      @purnchetta 6 месяцев назад +10

      I did too. My policy this year was $1462. Slide offered me $5475. Are you damn crazy? You must have bumped your head!!!!

  • @SkyChaserCom
    @SkyChaserCom 4 месяца назад +3

    Same f'ck story. I live in Deerfield Beach on FL SE coast. Insurance went from $3,500 to almost $12,000 in a little over a year. I am putting my home on the market if I cannot get this resolved. This is really sad.
    Price "of" Paradise ... I am leaving Florida, taking advantage of my "thick blood" (and longing for 4 seasons), and heading back north. I rather freeze than get "screwed" in paradise.

    • @Jack-russell103
      @Jack-russell103 4 месяца назад +1

      Nah id rather pay the money than freeze … F that 4 seasons crap

    • @imxploring
      @imxploring 2 месяца назад

      ​@@Jack-russell103Unfortunately you can't pay what you can't afford. And even if you do allow these insurance companies to screw you over with these crazy rates.... they'll do their best to try to screw you over when you have to file a claim.

  • @SteveGirard-gb6lr
    @SteveGirard-gb6lr 6 месяцев назад +6

    When you file a large claim for storm damage and dont get paid you will wish those Scam Insurance premium dollars where in your bank acct funny how nobody reports gross premium dollars received by Ins Companies vs claims paid out

  • @rogerbec5766
    @rogerbec5766 4 месяца назад +3

    Correct me if I'm wrong but in Florida, you can't hire an out of state contractor prompting you little choice to choose. Talk about unionized contractors of Florida and their repair estimates are outrageous while insurance companies have to pay them and pass on the increased premium to you.

    • @mscolli3
      @mscolli3 2 месяца назад +1

      Just be careful with the unlicensed ones that show up after a hurricane and don't even file permits.

    • @rogerbec5766
      @rogerbec5766 2 месяца назад

      @@mscolli3 Big fines are in place for contractors in Florida without a license to perform roof repairs or replacements paving the way to agreed higher pricing schemes. Permits are just another form of taxation by local municipalities.

  • @wadeshull8227
    @wadeshull8227 4 месяца назад +3

    Meanwhile the Governor does nothing about it...If everyone would just call up and cancel their insurance maybe the insurance companies would get the hint that this isnt going to work

    • @Tugela60
      @Tugela60 3 месяца назад +1

      They don't want to insure in Florida though, it is too risky. Reinsurers are pulling out, which means the insurance company has to assume all of the risk. That is not free, and what you are seeing now is the true cost of living in a place like Florida.

  • @EverydayNesbitt
    @EverydayNesbitt 6 месяцев назад +11

    So are we going to skip over (and ignore) why and how this happened? 🤔

    • @marengoczar5035
      @marengoczar5035 6 месяцев назад +2

      The fraud or something else?

    • @EverydayNesbitt
      @EverydayNesbitt 6 месяцев назад +8

      @marengoczar5035 I've worked in insurance since 2002 and there were laws that kept Insurers from jacking up the price like this. Our Florida Government completely did away with those laws this year. Unfortunately 😔

    • @marthashepherd935
      @marthashepherd935 6 месяцев назад +3

      Gov De Sanctimonious has ruined FL when we lose our coveted name of Senior Retirement Place PEOPLE WILL WAKE UP😔

    • @adamtedder1012
      @adamtedder1012 6 месяцев назад

      Politics. Esg scores. Many companies left because Blackrock said they would drop them if they didn't drop florida due to the anti woke agenda in Florida. Since they hate the leadership here they figure this will make a leadership change. They aren't wrong. Most people don't care when they are about to lose their house. It's just messed up thi is all rich people making regular people suffer because they can't spread their ideology.

  • @imxploring
    @imxploring 2 месяца назад +1

    Isn't Slide just a reincarnation of a couple of other insurance companies that failed in Florida already?

  • @spitfirered
    @spitfirered 6 месяцев назад +4

    Switch To Florida Farm Bureau You Will Probably Save 1/3 The Cost!

  • @rmeullover
    @rmeullover 17 часов назад

    Shopping around can help. Some estimates i got for h.o. insurance were double than what I pay now

  • @user-dx7gl6gr7c
    @user-dx7gl6gr7c 4 месяца назад +1

    But he would stay with Citizens since he is at the 20% gap. Meaning if your Citizens policy is $2,500 premium Citizens adds 20% to that $2,500 and if that Sum is cheaper than offer they will stay with Citizens and Citizens will not change your policy either but if the other offer is cheaper from that +% premium you have NO choice to get the other company. HOWEVER those may and may not be the rate since those letters are going out months before renewal date.

  • @stephtraveler7378
    @stephtraveler7378 5 месяцев назад +1

    The fix is simple: scale rates to property values equal across all property owners. Today, those with multi-million dollar properties pay a significant lower percentage than the avg home owner. See the John Stossle report on this. The avg subsidize the high value property owners.

    • @Tugela60
      @Tugela60 3 месяца назад

      Rates depend on risk, replacement value and what sort of deductible you can tolerate.
      I would not pay any attention to that Stossle guy, he is rightwing nut job.

  • @Carnutzjoe
    @Carnutzjoe 6 месяцев назад +3

    The term Depopulation notice sounds like they want people to leave the state.

    • @AC-cg6gz
      @AC-cg6gz 5 месяцев назад +1

      exactly

  • @beachgirl4truth672
    @beachgirl4truth672 25 дней назад

    I thought that FL legislators put the brakes on this by not allowing your homeowners insurance company to DROP you without cause unless they found you another company willing to INSURE you at a COST not MORE than 20% above THEIR existing RATES?? Can someone please explain when this CHANGED??

  • @roachtoasties
    @roachtoasties 5 месяцев назад +3

    In my part of the world (California) the insurance commission is on the consumer's side. I can't say that about Meatball and his government. I just got my annual homeowners insurance renewal notice. My policy went up about 15% to about $1,500 for the year, plus about another $450 for earthquake. This is for a single family home built about 24 years ago that is fully paid for. Things went up, but not by devastating amounts that Florida is dealing with.

  • @davidowens1424
    @davidowens1424 5 месяцев назад +2

    I would say that it might be time for some of these people to move out of Florida, but the rest of the country doesn't want their politics and problems so they should stay there. Might want to buy stock in snorkel equipment because much of this state will be underwater (literally and figuratively) in 30 years.

    • @maxalberts2003
      @maxalberts2003 5 месяцев назад

      I know. You can ALWAYS see them coming. Chain-smoking hags with year-around tans and their pale, flabby, balding (but combed-over) husbands.

  • @koolz4094
    @koolz4094 3 месяца назад +1

    What a scam ....out of control .

  • @user-pz6ge7hf4x
    @user-pz6ge7hf4x 6 месяцев назад +3

    Corporate Criminals..

  • @user-wc8lu7qd2m
    @user-wc8lu7qd2m 5 дней назад

    Time to pay for all those “free roofs.”
    What, did people think they wouldn’t have to pay for the roofs? All the scams and people who went along with assignment of benefits are to blame. We have no one to blame but our neighbor getting a 40k roof every time 3 tiles broke.

  • @SinCityRaider81
    @SinCityRaider81 6 месяцев назад +2

    When did America stop being about the citizen, and start being about the corporation?

    • @rosalindastourian3985
      @rosalindastourian3985 6 месяцев назад

      In the 1800’s

    • @stevendouglas6593
      @stevendouglas6593 6 месяцев назад

      I’m sorry, America has ALWAYS been about corporations, and still is.

    • @lakenneth374
      @lakenneth374 6 месяцев назад

      The same party that wants to get rid of the ACA, reduce Medicaid, Medicare and social security.

    • @EatDrinkBeMerry
      @EatDrinkBeMerry 6 месяцев назад

      Citizens United didn’t help and is a gigantic reason.

  • @scantech58
    @scantech58 6 месяцев назад

    Who is slide insurance, and where did they come from and what is their backing

  • @eds5977
    @eds5977 6 месяцев назад

    My insurance was $1800 a year back after Andrew on a $60 k house. So now the prices of house and inflation has to figure into it.

  • @annem.parent8580
    @annem.parent8580 26 дней назад

    My friend owns her home right out and no longer has home insurance. I told her from what I have seen in the news to forget getting any because she can not afford it at age 70. Her home is over 50 years old. I said to her save the money and pay for a new roof herself. It would be cheaper for her to save that money. If she dies to leave that same money to her daughter to fix that roof before she moves in. This is the only answer to this rising costs of insurance. She can have the roof fixed then get a policy according to FL State standards. But if they come in at a higher rate she too may not be able to afford homeowners ins either. I see these rising rates as a way to make the rich richer. If the person leaves the state of Florida that is another way to pick up the home for a vacation rental for the rich. It is no longer senior friendly in FL anymore.

    • @UncleDavesKitchen
      @UncleDavesKitchen 26 дней назад +1

      Maybe she should sell while she can and move to another state. Move into a small condo or small house that has affordable rates. I'm in Az and my house insurance is $113. a month. If her roof blows off it could destroy her whole house.

    • @annem.parent8580
      @annem.parent8580 26 дней назад

      @@UncleDavesKitchen it is an option. But I doubt she will move.

    • @UncleDavesKitchen
      @UncleDavesKitchen 25 дней назад +2

      @@annem.parent8580 Sounds like she's a history of some questionable financial decisions.

    • @annem.parent8580
      @annem.parent8580 25 дней назад

      @@UncleDavesKitchen Yes she is getting dementia now and I noted the same problem about her finances. I pay all my bills including rent on $1400 a month. She has no mortgage and is strapped with an income of over 2K. per month on SSI.

  • @thequickbrownfox7289
    @thequickbrownfox7289 6 месяцев назад +1

    So the new rate 8s unreasonable then goes on to explain how he is worried the insurance company is taking on too much risk with claims possible in the billions. He just explained a part of the reason for insurance hikes but evidently does not listen to himself.

  • @koolz4094
    @koolz4094 3 месяца назад

    Self insure if you can...stop paying these criminals.

  • @DeanSchumacher
    @DeanSchumacher 6 месяцев назад +4

    Thts sick I live in Jacksonville FL and our insurance keeps going up it's getting ridiculous with these insurance companies

    • @user-zt5wu8tu6t
      @user-zt5wu8tu6t 6 месяцев назад +5

      You live in hurricane country. I live in the Arizona desert. Who is more at risk of having their house destroyed by the weather? That's what insurance is all about, risk. Learn some basic economics and you might be enlightened.

    • @The_Quaalude
      @The_Quaalude 6 месяцев назад +2

      Then don't get the insurance or move

    • @EatDrinkBeMerry
      @EatDrinkBeMerry 6 месяцев назад

      @@user-zt5wu8tu6t This can’t end well for Florida. Maybe I’m overestimating the people there. Why are people flocking there?

  • @raydemos1181
    @raydemos1181 5 месяцев назад +1

    Forget the insurance bill, throw it in the garbage and fix your house yourself, I have been going with no home insurance for 30 years and with the savings eat steak with the money, last year I had 50.00 worth of roof damage from hurricane Ian, those type of storms are over hyped

    • @Jack-russell103
      @Jack-russell103 4 месяца назад

      You do understand that mortgaged property has To have insurance right?

  • @louisegraham5863
    @louisegraham5863 6 месяцев назад +1

    That's right way 2 high! On fixed income

  • @seapoacher
    @seapoacher 6 месяцев назад +1

    Florida valuations have gone through the roof. It's no longer the cheap retirement dream of years ago. What killed Florida is that it got way too popular with the rich northern crowd. You have to go elsewhere now. Most likely out west. But that will turn to crap in a few years as well. Sorry. I thought the governor was going to fix all this? Lol.

  • @SamSung-ew3dk
    @SamSung-ew3dk 5 месяцев назад

    Not disagreeing with the outrageous increase, but the title of the video is incorrect - 4.3 times is a 330% increase, not 430%. Just like a doubling in price is a 100% increase, not 200%.

  • @bgregg55
    @bgregg55 6 месяцев назад +1

    Slide...should have called themselves: Slime.

  • @mscolli3
    @mscolli3 2 месяца назад

    14k a year (every year), to insure a roof that costs maybe twice that to replace.

  • @jamesvengren5316
    @jamesvengren5316 6 месяцев назад +1

    Take 14000 and by a motor home instead and live in that during emergency hell at that rate you could by a new home in just a few years

  • @BarrierIsland
    @BarrierIsland 4 месяца назад

    Don't over-insure your house. Just enough to pay off the Mortgage. Roofs should be 6 nails per shingle. and 185 ml per hour impact windows...

  • @alreadytired6515
    @alreadytired6515 3 месяца назад

    There’s something ironic about the company being called slide. There’s an illegal practice called sliding where a person has additional coverages/premium added to their policy without full disclosure.

  • @tammyryley4772
    @tammyryley4772 3 месяца назад

    Can Slime even be counted on to make you whole?

  • @jtpalooki7757
    @jtpalooki7757 2 месяца назад

    Risk, what risk? They have no intention of paying claims in full!… this is how insurance companies roll in Florida!

  • @markp.7165
    @markp.7165 5 месяцев назад +2

    If I were this dude and not required to have insurance because of a mortgage I would self insure. No way I am paying that much to protect an average house. I'd take my chances.

    • @abarbaradorsey3713
      @abarbaradorsey3713 5 месяцев назад

      Be grateful that the ACA individual mandate was determined to be unconstitutional

    • @MuzixMaker
      @MuzixMaker 4 месяца назад

      @@abarbaradorsey3713no it wasn’t

    • @Tugela60
      @Tugela60 3 месяца назад

      Average house costs about $150 per sq ft to build, if you need to replace. How many people have $600 to 900k just parking in their bank account to replace a house, maybe every 10 years?
      These rates are expensive for a reason. Houses in most of Florida are high risk. It used to be that people in other states were assuming part of that risk, but the reinsurers have decided that it is better to get loyalty from low risk customers than high risk customers, so the shared assumption of risk has been broken.

  • @user-iq3qm4mc3u
    @user-iq3qm4mc3u 6 месяцев назад +2

    Do u know the difference between an insurance salesman and a child molester... U can put a child molester in jail....

  • @mariadnelson5698
    @mariadnelson5698 6 месяцев назад +4

    All you need to do is contact your insurance agent and have them select the choice on your behalf.

    • @stevenduncan9401
      @stevenduncan9401 6 месяцев назад +1

      Just like our political party's not enough to choose from

  • @lechlerguttersllc9553
    @lechlerguttersllc9553 4 месяца назад

    That’s one big problem down here

  • @jayfishman7694
    @jayfishman7694 5 месяцев назад

    Slimy company and outrageous rates. A new underfunded insurance company? What could possibly go wrong? We moved from the gulf side of Florida in 2016. Never had a problem with insurance costs or hurricanes in our area for 15 years. Flash forward and hurricane Ian comes through a couple of years ago and every home in our old neighborhood had 5 feet of water in it. I can only imagine what the insurance rates are for where we used to live. We now live in a state where our homeowners insurance is around $700 annually. People will move from places they can simply no longer afford. If they can find one that is. Remember, it’s the economy stupid.

  • @Bobrogers99
    @Bobrogers99 2 месяца назад

    If Slide is the default, of course there will be some who fail to opt out, and they could be stuck with a bill that's impossible for them to pay. It's a sneaky way to do business.

  • @angzbk
    @angzbk 6 месяцев назад +2

    Horrible!

  • @dixiebrick
    @dixiebrick 6 месяцев назад +2

    Keep voting kkkonservative Florida.

  • @montyjackson8156
    @montyjackson8156 6 месяцев назад

    It's called Risk Analyst.

  • @benproffitt5957
    @benproffitt5957 4 месяца назад +1

    More like sly instead of slide

  • @pwu8194
    @pwu8194 27 дней назад

    In 2023, Florida's population increased by 1.6%, so there are plenty of people willing to pay for the price.

  • @andypacmanperez
    @andypacmanperez Месяц назад

    SLIDE INSURANCE the name seems very fitting

  • @stevenbrowningsr1144
    @stevenbrowningsr1144 6 месяцев назад

    No comment? What would you expect. I am sure that you will need to do a little more than try to call them or send an email.

  • @timhanson2080
    @timhanson2080 4 месяца назад

    But it's so warm and nice. I pay less than a thousand per year for insurance.

  • @SuperFitness12
    @SuperFitness12 6 месяцев назад +1

    Thanks for Nothing! Governor DeStupid.

  • @user-gf3lw5pi4t
    @user-gf3lw5pi4t 2 месяца назад

    The state I live in my home insurance is 550 ,thousand dollar deductible , there playing you for suckers!

  • @stewarta5993
    @stewarta5993 4 месяца назад +1

    don't worry Florida your governor will save you

  • @gregvisioninfosoft
    @gregvisioninfosoft 5 месяцев назад +2

    I would not worry about this new company. Its clear to see their plan. charge maximally - amass billions in revenue. Then when next hurricane arrives, file bankruptcy. With all top people sipping drinks in fancy resorts.

    • @jackkrom
      @jackkrom 4 месяца назад

      That's America, ain't it?

  • @radekkimak1568
    @radekkimak1568 2 месяца назад

    Can i buy house in florida without insurance?

    • @imxploring
      @imxploring 2 месяца назад

      Pay cash.... no bank or mortgage involved... self insure.

  • @yellowbird5411
    @yellowbird5411 2 месяца назад

    People who do not have a mortgage are not obligated to have home insurance. For those who are looking for cheaper rates, discuss changing your policy to liability only, or other options other than a whole umbrella policy. I am going to be changing over my rental property to liability only as well, which my insurance company quoted at $500 a year. Also look at what your lot/property would sell for in the situation where your home was a total loss. You still can sell the lot or rebuild a much smaller home on the lot you already have. If you drop your policy, put that insurance payment into a separate savings/checking account and let it accumulate in case you do get some tree/roof/other damage that must be fixed.

    • @richardreger6026
      @richardreger6026 11 дней назад

      Where u gonna get rate of return savings my bank trying 2 sell cds at 1 and a half percent

    • @yellowbird5411
      @yellowbird5411 11 дней назад

      @@richardreger6026 Check online for savings, CD's and Money Market return rates for banks in your area. I keep getting offers of nice returns from different banks and intend to switch my Money Market account to one of them, because I'm getting squat currently. For the amount I have in there, I'm getting used. So spend some time online looking for "high yield" as your key search word.

  • @Bradimoose
    @Bradimoose 6 месяцев назад +26

    CEO OF SLIDE BRUCE LUCAS already tanked Heritage insurance. Knows exactly how to play the game.
    Before these losses began mounting, the company paid outlandish sums to its top executive - former chairman, chief investment officer, and co-founder Bruce Lucas.
    Between 2013 to 2020, the company paid Lucas $78 million in compensation, an average of nearly $10 million per year, including $27.2 million in 2015.

    • @jasoncrandall73
      @jasoncrandall73 6 месяцев назад +2

      Actually Heritage is still around.

    • @joeyoung4121
      @joeyoung4121 6 месяцев назад +2

      That's flat out stealing.

    • @markbonner1139
      @markbonner1139 6 месяцев назад

      Got away with it & laughed all the way 2 D BANK.

    • @cubey
      @cubey 6 месяцев назад

      Welcome to Capitalist America.

  • @jameylane1591
    @jameylane1591 6 месяцев назад +5

    I find it hard to believe that you have to opt out or it will go into effect. That cannot be true in any legal way.

    • @info781
      @info781 6 месяцев назад

      If it is more than 20% you don't need to switch

    • @jameylane1591
      @jameylane1591 6 месяцев назад +4

      ​@@info781 Yeah but this guy's indicating that it would have happened automatically if he hadn't opted it out. I find that hard to believe.

    • @patriciatinkey2677
      @patriciatinkey2677 6 месяцев назад

      Floriduh!

    • @info781
      @info781 6 месяцев назад

      @@jameylane1591 Voters in Florida don't complain much about economic issues and the politicians know this.

    • @rosalindastourian3985
      @rosalindastourian3985 6 месяцев назад

      It is legal and there are other industries that do the same thing.

  • @jeffreycheng5984
    @jeffreycheng5984 6 месяцев назад +2

    Flori-Duh.

  • @jackkrom
    @jackkrom 4 месяца назад

    And the thing is, it's a double whammy. Because if you can't pay, you have to sell. And how are you going to sell your home, with the buyers knowing about that insurance premium increase?? Impossible. So you are royally scru-ed.

  • @jameswest9261
    @jameswest9261 6 месяцев назад +1

    Part of the plan that you will own nothing.

  • @jerryw5508
    @jerryw5508 6 месяцев назад +1

    If this guys insurance was quoted at 14k, how much would a house be closer to the Gulf. No one can afford this.

    • @ROCKOLA79
      @ROCKOLA79 6 месяцев назад

      That's the idea is it not?

    • @adamtedder1012
      @adamtedder1012 6 месяцев назад

      Thats the point. People in the know have been saying they intend to make flirida for the wealthy and vacation rentals.

    • @Tugela60
      @Tugela60 3 месяца назад +1

      Florida is no longer getting a free ride at the expense of the rest of the country.

    • @adamtedder1012
      @adamtedder1012 3 месяца назад

      @Tugela60 5he rest of the country? Last I checked, we have paid higher rates than most of the country all along. Add that you don't pay my insurance most of the country doesn't pay insurance because most of the country is renters. Geesh you weirdos just need to hate to make yourself feel better about sucking.

    • @jerryw5508
      @jerryw5508 3 месяца назад

      @@Tugela60 What about California with the yearly wild fires, or the extreme flooding just about every year. Everybody pays. My insurance only went up $200. I will accept that. It was 79 degrees today with the low humidity and sun shining. It was a great day. How is the snow shoveling going for ya.

  • @tammyryley4772
    @tammyryley4772 3 месяца назад

    Poor ron,nobody to blame.Such a predicament!

  • @paulorben6830
    @paulorben6830 Месяц назад

    Think about it this is the only way you price people out of their homes and cars. Wtf. It's happening folks.

  • @Puzekat2
    @Puzekat2 3 месяца назад

    The only way citizens should be able to kick anyone off is if the private insurance is no more than 20% and I have been kicked off of citizens in 2024 because I get to pay 20% more to a private company but it’s not slide

  • @belladeann8398
    @belladeann8398 5 месяцев назад +1

    ALEX JONES,
    IS RIGHT⁉️
    O4 DECEMBER 2023 MONDAY

  • @SinCityRaider81
    @SinCityRaider81 6 месяцев назад

    Just move from Florida maybe they'll get the picture then.

  • @Rockinthehill
    @Rockinthehill 6 месяцев назад +1

    It's a Slide alright, right up the hole where the sun don't shine Welcome to Florida lol

  • @floridaproductions
    @floridaproductions Месяц назад

    Yeah, just got one of these deals today 04.01.24, [COMPUTER-ACTION-DONE- TODAY !]. Citizens was offering a renewal in Sept 2024 of $2398 and Slide $3245. Stuck with Citizens which was generally a $200 increase from 2023. I'll see what's going on before the renewal, maybe I'll get lucky.Who the F knows ??

  • @EricLaroze-wq8is
    @EricLaroze-wq8is 6 месяцев назад

    Make America Florida!