Insurance companies are run to make profit. It is called Capitalism. Florida like California has been hit with much property damage over the years . California was first by earthquake, the drought which caused fires then heavy rain which caused landslides . Florida is having its turn by storm damage . Also residents and construction companies worked together to put in many false claims in Florida. The Florida government allowed the construction companies to take insurance companies to court and the insurance companies folded.
Florida insurers donated an estimated $10 million to DeSantis' campaign and other in state GOP front groups. 2 property casualty insurance firms-a subsidiary of Heritage Insurance and People’s Trust Insurance-donated a combined total of $125,000 to Ron's Inaugural Ball.
I called good ole FPL I asked what was the difference between Base Charge and Minimum base bill charge ? Since I had zero usage ( long story ).....anywho, I was told it was to bring it up to 25.00 per customer fee, so Every Floridan will pay 25.00 to have that power in your name......can you imagine. Then I did some snooping and you can Google this yourselves ,not only do the FPSC regulates the power but, natural gas , water, and waste water industries in the entire state along with some telecommunications !!! Now I know why when one goes up they all go up..... friggin jerks.....In 2021 they made 620 million in profits and 2022 they made 763 million in profits . I'm all for people making money but not like this, this is wrong. Pay your bills and not eat or eat not pay bills 🤔
@@dcg590 They take donations for their campaigns. Much of it is done through Dark Money by non-profits who are run by businesses so they don't have to disclose their actual donation totals.
@@TimothyCHenderson Yup, I ran a marketing agency for awhile and we did work for various nonprofits. They all have horrible communication skills. They're all staffed with incompetent diversity hires who do the bare minimum work for bare minimum pay. Their turnover rates are always stupidly high. It was only when I noticed their complete lack of standards that I began to question how it all worked. Turns out they just needed to spend dollars on marketing to meet budget laws, which can only mean they werent concerned about the message or the cost. I eventually looked up one of the CEOs and found her entire IG feed loaded with images of her on vacations in spain, italy, france, bahamas, etc. Then I found out that her nonprofit applied exactly the legal bare minimum of their donations to their supposed cause. Then I found out that find that very CEO was also engaged to a city councilman here in CLE. This was a Black Woman Owned nonprofit that was supposed to help innercity black folks. Turns out it was just a money-making scam that recycled grants back into the pockets of politicians, nothing more.
Only 80%? Mine went from $3400/year to $8200/year with Kin Insurance. Mine is in Escambia County, nowhere near the recently affected storm regions. We were able to adjust down to $7100 before finding a quote for $4200/year.
It’s the assignment of benefits and roofing companies that caused this. Not the storms! Roofing companies are sue ing insurance companies on behalf of the home owner. Florida represents 80% of the USA lawsuits to insurance companies 😳
The property is being sold by the cities to the investors to build townhomes to sell to the border crossers which can bring in more money. The American citizens are not going to buy them because we know they are over priced and shabby built you can sweep them down 😩😩
This is FL's future. Only those who can afford to lose it all once and awhile will stay around. Most there will soon be stuck with only the 'social' option for insurance (Citizens).
I read this morning that Citizens is letting 25,000 people go, they can not take care of the masses.6/8/23 and Ron DaSantis ( sp) is not helping us at all
@@minimaxmiaandme.4971 all countries will make utilities/insurance/taxes so high that pple cannot afford to own their own homes/property any more, which is their goal. then ONE person will appear as a world leader (nwo/nwl) aka the antichrist and will let u stay in your house have your stuff n money IF you take his mark in your right hand. Rev. 13:16...as predicted...
Yes there needs to be bills introduced forbidding government money to be used to rebuild in areas generally affected by severe weather! If you keep giving the doofkoofs money, they will keep on rebuilding in the same area instead of moving😪
@@chodkowski01 - sure include California. Only for first rebuild. Then you are on your own. Good luck getting a loan in Florida. We have rebuilt Florida 4 times in the last 20 years. Now what were you saying. NOTE: CA is about three times the size of Florida. Now what were you saying that your conservative news source feed you.
@@JanelleGodwin-zl8li I see you don't live in Florida. The news is telling you the entire state is just a time bomb, isn't it? I've been here over 30 years and in my home for 20. Never once needed to file a claim. I'm many miles inland so the storm surge damage they always show you on TV will never get to me.
mine is $200 now if ours double we will have to sell our house Near Tampa and move to our 35 acres in NW Florida be debt free and not have house ins. I want to just get a RV to live in and than if a storm comes we can hit the road
Insurance counts your land as part of the value of your home. The home value of my home is $500,000. The value of the land is $180,000 and the value of the house is $320,000. The land cannot be damaged only the house so why do I need $500,000 worth of insurance instead of $320,000?
Some states allow you to carry lower insurance. A friend of mine in Texas carries 200k of Insurance on a $280k house. The reason is she owes $150k on it. If it's destroyed she can payoff the mortgage and have a little extra cash. But even at that her premium is $2700 this year.
Sounds like you should fear the next hurricane in Florida if one lives in Washington state. How crazy is that? I live in Pennsylvania and I would bet it's all across the country that we are subsidizing Florida.
@@michaelb.8953 When NY and NJ sustained heavy damage from hurricane Sandy years ago when Marco Rubio and Ron Desantis were in Congress, they both voted not to give hurricane relief to both states, but when they get hit by a hurricanes they expect a multi billion dollar help each time.
@@TheDarkDresser It could have been the relief bill for NY and NJ was slipped in with another pork bill, but I'm only speculating. Something about Desantis that I'm not quite sure about as Trump has 110% of my support.
@@michaelb.8953 The problem with Desantis is his lack of authenticity and some can see it. I don't like Trump, but I have to give him credit for authenticity. I don't see him imitating anyone, but all Desantis did for the past few years was to imitate Trump, even down to his hand gestures. Another thing is that Trump will be loyal to you if you are loyal to him, but Desantis will drop you like a hot potato when he finds someone more useful to him. He begged Trump for his endorsement and fawned over him, but as soon as the richest man in the world began talking to him, he dropped Trump. Also, the way he "defends" Trump by first reminding people of what Trump did and then let them know that since he doesnt do those things, he wouldn't know anything about it.
@@michaelb.8953 Yes‼️ If you ask your insurance agent why is my house insurance going up and they will tell you (well they told me) well because of the houses destroyed in Florida,Texas, Alabama...etc you know it depends on what year you call. Yet the people in those states stupidly deny climate change mainly because they are lazy and stupidly&consistently vote for GOP, republicon, libertarian, independent who lean conservative, evangelicals who ain't nothing but fake Christians anyways, federalist and conservative politicians so enjoy the price hikes+enjoy the expensive insurances🥳
My neighbor's just went up 300%. My insurance went up 40% 8 years ago. I dropped it. I hear everyone is going to be required to have flood insurance now.
Be glad you own a house because the most of people can’t even afford the rent prices in Florida, There are families living in their cars with children. Properties rented for 1600 2 years ago are rented now for 2500 without any improvements, actually not even a fresh paint on the walls.
It’s makes more sense for them to buy a home. There’s plenty of government programs to help them get into a house. Or move to a cheaper state. Rentals aren’t the only way to live.
Yep. 1 bedroom in s Florida starting @ $2,000 no washer dryer in unit. Forget the online price when u get there, sorry no units available for that price. Miami Dade/ Broward county rental prices ridiculous.
I guess people should’ve worked with their landlords during Covid instead of freeloading for a few years. Would you work for free because that’s what landlords were forced to do. No other business in the nation was forced to operate without compensation except landlords. Welcome to the consequences. Landlords took humongous losses, where never made whole. Not even with assistance it was never the whole amount and they were forced to either forfeit money to evict the ones stealing from them or take the money and agree not to evict. Why would a landlord want a thief living off their back? Now it’s the landlord’s turn, pay or get out.
These are rough figures I’m giving but; Moved here in 2020 First year HO insurance $1500 Second year HO insurance $3300 Third year (current)HO insurance $5100 SOMETHING NEEDS TO BE DONE AND QUICKLY. 14 HO insurance companies closed up shop and left, about 6 companies are insolvent… it’s somewhat of a monopoly for the few companies that stayed and homeowners options are few and far between. Unacceptable!
Time to call Ronald! He’s been really busy lately. Busy removing the rights of women and children. So, don’t think he give toot about your problem unless to foreclose on your home.
The Mafia would be embarrassed by the tactics that the Insurance companies use. It is a protection racket that does not pay out. At least with the Mafia, if you paid for protection, you were protected from other thugs. Insurance companies always bemoan a one or two years loss but never mention the other years where they made huge profits. My advice is buy a block home with at least storm shutters below what you can afford, pay it off as soon as possible, then drop the insurance and then save the money for more than likely will just be a new roof. That roof you saved up for would be forced to be purchased after fifteen years even if you were insured. As far as fraud, did you know if insurance companies lose a lawsuit where there were legally responsible for a claim, they still write it off as "fraud". I would purchase flood insurance right now because in my zone, it is still reasonable.
@@floridaviolets9601 That is why I performed a core sample and ensured there was good ground under the foundation before I built. There is a fix and a inspection for this situation..
Feel sorry for you, man if mine goes up we will have to sell our home near Tampa which I want to anyway, wife wants to stay here becaue of the kids,, I want to move to NW florida live in a RV
Mine went from $1100 to. $4500. Edison insurance which own by chase. When I called they said it was the state legislature who allowed the hike the price on everyone. The banks owns the insurance companies and the government officials I have never file a claimed. You should file claimed that is why you are paying them. These crooks want their cake and eat it too.
Once you do a claim they treat you any way they want you with prices cause you "owe" them. My dad didn't even file a claim after a hurricane cause he said they'll fck u over so make sure you claim for something big or worth claiming.
My house is 1,000 sq ft in Florida. I have not made a claim in 20 years and my insurance increased from 2,733.00 (2022) to 6,003.00 (2023). Why is there not a cap? Pure greed!
For some reason you have a lot of crooks in Florida. Just not sure which side is the crooks. Florida has 75% of all lawsuits for denied claims in the country despite being only 6% of the population. So is it the insurance companies being crooks for denying so much or are there thousands of crooked lawyers filing fraudulent claims
I'm surprised so many FL residents are shocked by these increases. What did they think was gonna happen when all of those claims were filed last year for all of that damage from the hurricane in September?
DeSantis could have ordered a freeze and worked something out since these crooks are making record profits, but he has taken $4M from insurance lobbyist. I was torn between him and Trump but as of now I'm with Trump who pointed this out about DeSantis. My premium DOUBLED. And my area had no hurricanes only a couple tropical storms yet I'm paying for crooked lawyers, contractors, lobbyist, politicians and other areas losses.
Exactly. And they keep building right back on the beaches. Right back on other waterways. They have no problem in raising their home values when they go to sell but complain about the increased costs that come with it.
One of the biggest reason insurance rates have skyrocketed are all the lawsuits sleazy roofing companies have filed against insurance companies and the costs of all the litigation and not so much the storms.
@@davidjohncox7333 Zleazy isn't the word , friggin crooks and liars, thieves with a bucket and a nail. The roofer I had the very first question out of his mouth was " are you paying for this or the insurance company" I said I Am........That roof cost me 10,000.00
@@Hayyyward there’s nothing crazier for me than buy a house close to the water here in Florida… A lot of rain, hurricanes … you just wat to be the first one under the water
It is not only South Florida. My insurance in Pensacola with Universal jumped from 6,000 per year to 10,000 because I filed a claim for Hurricane Sally damage in 2021.
Got land kn Calhoun county wanting to move back up there get a mobile home just afraid the be high a d cannot afford it wife and I are retired told her that I want nics RV a d downsize if a storm hits we can
Our insurance went from $4500 to $7000. But we did have a huge claim in 2017 after Irma. House has every storm mitigation and building design reasonable. Roof is cement tile replaced in 2018. Hopefully we do not need to replace every 15 years. We are having roof inspected and repair as needed annually just in case. Ian was not near us but close enough to yield 80 mph winds.
I am not in Florida and mine almost doubled also. Remember, in the summer of 2020, 36 cities were subjected to riots, looting, and widespread destruction. That is part of the reason rates have increased. They spread the losses across the country and shift the burden on to innocent policy holders.
I live in Okeechobee fl. New house out in the lake area. Not on the lake but 1 mile from it. I will now have to have flood insurance even though I am not in a flood zone. (Even with the lake close by). The lake is not the coastline. But now I will have to pay. Ok fine. People say self insure. Fine if you have your property Paid in full, but not when you have a mortgage. Insurance is required. So you have to accept the industry the way it is. No one in any form of govt. will help the insurance companies lose money!. What people see to forget is you have to pay a premium to live in paradise. Florida is great but we are a very stormy state, period. I knew. Getting into ownership that I could suffer some form of a disaster where I live. The storms here are getting more and more intense by the years. And to add insult to injury, we now have tornados in florida. That’s something Floridians never had to worry about 20 years ago. Hence global warming.
Now everyone knows what its like to have inflation hit you. Us renters were hit hard by huge rent increases & this left alot of people homeless. Not too mention the fact it ruined their rent history to be capable of finding more affordable housing.
Maybe you renters’ shouldnt have screwed your landlords out of 3 years of income during Covid. You lived for free and have the audacity to complain. Landlords who worked their whole lives to obtain property lost their retirement, life savings and property because you ‘renters’ freeloaded. Well, here are some of the consequences. Me to make up losses.
Working 3 jobs to hold the house? To live in paradise? Not worth it. Look at priorities. Never know when you may be hit by the big H in Fla. Crap shoot. Former "snowbird" condo owner many years ago. Once you file a claim anywheres your rate shoots up. Car or homeowners. Bigger your house and fancier your car the more you pay. Was looking to retire there, miss the ocean, warm winter weather, low taxes at least for now, so many great things to do. Every state has its pros and cons.
I don't use home owners insurance for anything other than complete loss. If you file a claim your rate will sky rocket so they recup the entire amount they paid out.
People blaming insurance companies.. smh.. they are all going bankrupt.. its floridians.. you think you can sue sue sue for everything without consequences. Same thing in car insurance. You look at someone and they are hurt calling Morgan and Morgan. All you did was make the attorneys rich!
Ours went up by almost 100 percent with Kin! We have not even claimed a single issue ever since we bought our house 3 years ago. It's an absolute crime what's happening here. We are insurance hunting but don't have high expectations.
@@weshowell7977 Went to their website and they have a host of requirements. My home would need a high value policy needing many types of inspections which may be required on any of their policies. They could cancel policies for various reasons and I don't want a company busting my chops as much as every year with inspections and telling me what has to be fixed in order to be covered. And if they find anything they may deem as problems you have to have them fixed in order to qualify which could cost thousands. I'll stick with my company and the 100% increase especially since my home was built in '52 and I've had no claims in 15 years.
The state of Florida has a lot of insurance loop hole laws that cause fraudulent claims. I worked in the auto SIU claims industry on the auto side. Basically you use a repair facility that doesn't work with or agree to the insurance companies rates. These shops collect these claims over time then sue the insurance companies. The policy holder names are being used in these suites unknown by the policy holders. Don't have experience on home owners side but imagine the same thing is playing role and building material cost have gone up dramatically. Litigation cost is likely playing a very large role in this.
You sure it's not because you live in a state that's at sea level and constantly gets hit by hurricanes? I don't even want to send aid to you all until you all decide to do anything that protects things better.
Yeah not 100% due to storms. Mainly the assignment of benefits and roofing scams doing exactly what you were seeing on the auto side. However, it’s gotten so bad that citizens was about to lose its reinsurance. Thier business is so bad that no one would take the other side of the deal so law markers had to act!
Mine also went up by 80%, but since we are inland it was quite reasonable to start with, so I paid it this time. If this continues I will self-insure. You are absolutely right. There should be a cap to the percentage of increase. And no, there will be no help from our corrupt government who is in bed with the insurance companies. The only long term option I can see is to self insure, and hope for the best.
It wouldn't be unthinkable that her's would go up in a state with tremendous weather related property damages. Damages are for the most part are calculated & estimated via the region that you are in. If there are a lot of fires in your area, they go up; storm damage in another area, yours will go - they spread the insurance risk as it were. Although, my ins went up as well, only slightly, because of the damage from various people in the area who have had fires, although thank God, it didn't include me, but unfortunately, ins. companies all work together and they spread the risk of coverage. Ms. B. Churchill
You NEVER submit a claim on your homeowners insurance for peanuts like $5,000. Bite the bullet, the more claims the higher your premium will get in the long run. It’s business 101! I know it’s wrong but that’s how it is!
Insurance will reach a height that it makes more sense to self insure and pay for repairs out of your pocket. Move into a sound structure home. The homes built today are built to a higher standard then when hurricane Andrew hit Florida. CBS over wood, hurricane windows and metal roofs fair much better through hurricanes.
My condo dues went up 150%. The Governor will not help us to get affordable property insurance and I am on disability. I am scared about this. I will eventually not be able to afford to live here. My insurance is going to go up, because I have a severe leak. I only got $3400 for a $8400 job.
California has had rate freezes since the pandemic started. Every major company is paying out more than they're taking in. We're also capped on the amount the premium can increase by. Right now you're only seeing the reconstruction cost go up. If they ever lift those restrictions hold onto your wallet.
I live in California, two years ago my homeowners insurance was $1,600, last year it went up to $2,100 and this year my bill is $4,100. I've never made a claim, my husband and I built our own home 33 years ago, it's a simple !,500 sq feet. I'm going to shop around tomorrow.
It’s not just price gauging that’s driving up Florida’s property insurance premiums. Many of Florida property insurance companies have been driven bankrupt by huge losses after storms. It’s a disaster-prone state.
A couple thousand increase for the year is unusual. But most people with big houses like that, you figure they can afford it. This young lady comes off as a bit of a griper. I could see if an senior citizen on a fixed income would have more to complain about.
our is is 1800 sq feet we live 40 miles form the Gulf of Mexico wonder if their location near water or flood zone is causing prices to go higher which they should be
Hint: Don't file a homeowner's claim unless you have major damage. Forget about the policy details, your insurance is for catastrophic events only. If you have a broken pipe that costs $5,000 to repair, do it "out of pocket". If you are smart and have a high co-pay to keep your premium down, it would cost you at least $2,000, anyway. This is especially true if you are in high risk states like Florida. -Use your policy for nickel and dime stuff, they will cancel you.
Hint #2... Residents have been doing that for years and the insurance rates still increase especially after any hurricane. Insurance companies see billions to be made and take the money and run. So many companies are pulling out of FL because they've gotten as much money from homeowners as they know they can. Some people are going without insurance when they no longer legally have to have it. I'm from Pensacola and it's outrageous what insurance companies have gotten away with.
I am not surprised at the teachers new premium. I live in Okaloosa County and up untill 2 years ago I was paying 4,500.I was with Universal for 15 plus. I never ever put in a claim for fear they would cancell.When I would speak to the agent and complained about the price increases he would tell me that I would have to pay much more if I went to another company. He canceled me with the excuse that I was late on the payment. PLEASE CAN SOMEBODY HELP ME, WHO CAN LOOK AT THIS ?MY NAME IS LIZ.
Can’t self-insure if you have a mortgage that’s the problem. Can’t pay off your house quick. If you’re paying another $800 a month for insurance that’s the issue.
When you live in a state that has all these hurricanes, what do you expect. To replace an average home today ,it cost the insurance company 500,000. To a million dollars. ,times that by 10s of thousands, what do you expect?
It’s not so much storms play in rate increases. It’s the sleazy roofing companies filling lawsuits against the insurance companies and forcing them into litigation which costs are astronomical!
People in America erroneously think $ is free, just print more $ they always yell🥴🤪🤡 What they refuse to learn &input is that in order for anyone to be able to spend any money that money has to have some sort of value behind it, if it doesn't, it is nothing but green pieces of paper 🥴🤪🤡
What do you expect when you let the lawyers own the system..... will take a while till the law helps about time . Now investigate why the CFO and assistant resigned. We dont care how many jobs she has. she is the same as everyone except the lawyers.
That's cute. Mine went up 105%. Called my agent and immediately switched to a new company which happened to be Citizens. That means my agent couldn't get anything that was within 20% of Citizens. But caps aren't a solution either. California does that at least for auto policies so all the insurers are just leaving the state because they can't make any money.
This is something that family should fight is ridiculous and should be illegal. Why illegal home owners insurance are the number thief, you pay so much money for many years and at the end of a disaster they don't pay. So, this should not be allowed.
I don't understand why they can't understand why, out of all the 50 states Florida is the worst state for damage, companies can no longer exist in Florida because the damage is too much, and you're asking why??
I see it in the Midwest a lot. People tear down old cabins and second homes that were built for $15000 or $20000. Then they build million dollar mansions.......it costs a lot to repair those mansions.
Just Asking what you would do, we have a house North of Tampa ow 18K we have to have insurance because of that. ours is now $200 if it goes up I cannot afford it. I'm on SSDI all my check covers the monthly bills. Here is the Question. we have 35 acres in Northwest Florida, I want to sell be debt free and get a RV to live in, or a small mobile home owe nothing on it, Wife wants to stay here because of the kids which are teenagers now and we do not see them that much they are doing their own things, so what would you do? Stay be in debt be near a city, or move be debt free middle of 35 acres? Did tell my wife it our insurance go up we cannot afford to live here, I refuse to go into any more debt or higher bills
Building material cost went up? That was because of the 25% tariff on imported goods or also known as a consumer tax. That should be baked into prices of insurance now as well as inflation.
Paying for a home now that i would not have qualified for when i bought it 3 years ago. My home has never been hit or had damage from a hurricane, yet my insurance has quadrupled! I've never filed a claim. It's criminal what politicians are doing to this country. What's next? Will our homes burn to the ground, too?
Sadly we here about these crazy increases, but for years everyone in the tri county has been paying these high high premiums. By looking at her house, this is pretty typical of what we have been paying. Sec First response is a valid one. Megan's first conversation should have better agent.
Just started pricing insurance for next year. Citizens, is trying to get people off that plan, and I would like to do so. Like the woman in this story, I, too, had Security First Insurance but I did not have any claims. Last year they attempted to raise me over 100%. Unfortunately, so far the least expensive plan I've been able to find is almost double my current premium. I don't live in a flood area, I have done everything to hurricane-proof my house - impact windows and doors, new roof - and had a wind mitigation done by inspector. Five point inspection done by a professional - electric, HVAC, water pipes, etc and passed with flying colors.
They elected a governer that spends his time fighting with a mouse, burning books, and running for president instead of paying attention to his state. You guys elected him. You deserve what you got.
But yet they especially the elderly believe that they are supposed to vote against it by ever voting for any GOP, republicon, libertarian, independent who lean conservative, evangelicals who ain't nothing but fake Christians anyways, federalist or conservative politician and politicians but yet still benefit from it and that it will still be there for them when they need it🤣😉 because you know they are sticking it to the man🤣 When are they ever going to realize,learn and input that the only man you are sticking it to is yourself?
I pay $750 a year on my 600k home. My insurance company (Nationwide) said that I don't live in harms way (Northeast). Therefore, my insurance is lower than other parts of the country. Florida needs to keep focusing on "WOKE" whatever that is...
Me too Micheal, Nassau co. florida, 1983 mobile in very good condition on 3 acres, also with Kin insurance, mine was 1200 a year with AIG, they cancelled me after my one and only ever claim for a roof, then KIN insurance after I was force to spend $3700, on all new piping to quality, went to 2500, then this year a 57% increase to $4350 for a 1983 moblie home, I'm forced to leave after 22 years on this really cool peace of nature, and absolutely no help from florida government in Tallahasse , or DeSantis,, or channel 4 jacksonville, what a criminal joke.
Smh I’m glad that floridans and Texans are going through the same thing. Now we all in the same boat. Don’t matter if you live in NY, California, you paying what everyone else paying, wether they are renter or homeowner. 8,000 a year imagine that only on insurance. My one bed room apartment in NY with patio is 1,400 a month. No taxes, no home owners insurance, no property taxes.
Finally these homeowners are having to foot the bill for the past losses in these areas. If you want to live in low lands near the 'Florida coast you will need to put up more money to help pay the total cost of all the Hurricanes that have been hitting there on an increasing frequency. Sea level is rising every year also. Get out of there unless you want to pay more. I am sure the rates will even be higher on there next renewal. Rates just continue to go up as one disaster after another continues. The future is only going to get worse as storms get bigger and more frequent
But yet you Floridians just voted for a vast majority republican government; that is basically like asking for this problem to happen and repeatedly happen because republicans do not believe in and have renounced the real science&data dealing with climate change; because the weather changes everyday you know 🤣😉
You know the strongest Hurricane to ever hit FL was in 1935. If you took away the one spike in activity in 2004, it would be almost identical across the board from 1944 to now. Hurricane cycles fluctuate every 4 decades or so.
Taxes and insurance are half my payment lol. Fuck this. They need to stop making disposable roofs. That's a start. My insurance went from 1200 in 2017 now its 4500.
Funny it's supposed to be the conservative paradise. No state income taxes, you will pay more on your insurance then I pay for state income tax , property tax and home owners insurance in CA and I do make a decent wage.
1983 home use to be a rack house will pay it off in 4 years I am tired of the insurance and mortgage company rules they are trying to take all of our money
You are not the only one. And you get less coverage than last year. And my roof, which is 20 years old but it has a 40 year warranty, is not covered under my home owners.
And, so at the End, the result is,, "wait for it", our "system" is going out of control!!! No Way Out for the average person.. Going to have a real bad time ahead for the gov. and all its lackies!!! People will stand up!! Someday, maybe!!
The problem has to do with Politicians , they allow the insurance companies to do what ever they want because of (donations ).
Oh please. It is simple risk adjustment. Everyone is a capitalist until it bites them.
Insurance companies are run to make profit. It is called Capitalism. Florida like California has been hit with much property damage over the years . California was first by earthquake, the drought which caused fires then heavy rain which caused landslides . Florida is having its turn by storm damage . Also residents and construction companies worked together to put in many false claims in Florida. The Florida government allowed the construction companies to take insurance companies to court and the insurance companies folded.
So true. I'm sure many people do not know the root of the problem.
Uhm not donations, bribes they be straight bribes 💔😭
BINGO!!!!
Florida insurers donated an estimated $10 million to DeSantis' campaign and other in state GOP front groups. 2 property casualty insurance firms-a subsidiary of Heritage Insurance and People’s Trust Insurance-donated a combined total of $125,000 to Ron's Inaugural Ball.
You are correct !!! so don't look for any help at all from Ron DeSantis
and Ron better not look for any votes from this girl if he doesn't
We need to vote out Desantis!DeSantis! He's also banning away our freedom.
Did you vote for Biden? If you did and don't regret it, you have ZERO credibility.
I called good ole FPL I asked what was the difference between Base Charge and Minimum base bill charge ? Since I had zero usage ( long story ).....anywho, I was told it was to bring it up to 25.00 per customer fee, so Every Floridan will pay 25.00 to have that power in your name......can you imagine.
Then I did some snooping and you can Google this yourselves ,not only do the FPSC regulates the power but, natural gas , water, and waste water industries in the entire state along with some telecommunications !!! Now I know why when one goes up they all go up..... friggin jerks.....In 2021 they made 620 million in profits and 2022 they made 763 million in profits . I'm all for people making money but not like this, this is wrong. Pay your bills and not eat or eat not pay bills 🤔
@@elizabethezell8749thanks for your service to our great state of Florida
Desastris get out of Florida
We can thank our politicians for allowing insurance companies to do whatever they want to us. This is why we need to get money out of politics.
What do politicians have to do with private business?
@@dcg590 They take donations for their campaigns. Much of it is done through Dark Money by non-profits who are run by businesses so they don't have to disclose their actual donation totals.
@@TimothyCHenderson Yup, I ran a marketing agency for awhile and we did work for various nonprofits. They all have horrible communication skills. They're all staffed with incompetent diversity hires who do the bare minimum work for bare minimum pay. Their turnover rates are always stupidly high. It was only when I noticed their complete lack of standards that I began to question how it all worked. Turns out they just needed to spend dollars on marketing to meet budget laws, which can only mean they werent concerned about the message or the cost.
I eventually looked up one of the CEOs and found her entire IG feed loaded with images of her on vacations in spain, italy, france, bahamas, etc. Then I found out that her nonprofit applied exactly the legal bare minimum of their donations to their supposed cause. Then I found out that find that very CEO was also engaged to a city councilman here in CLE. This was a Black Woman Owned nonprofit that was supposed to help innercity black folks. Turns out it was just a money-making scam that recycled grants back into the pockets of politicians, nothing more.
My insurance went up 100%, not likely to get help from dirty corrupt Republicans in state house. I'll remember those d- bags on election day😢.
We need to stop subsidizing insurance in Florida. It's not fit for human habitation.
Make it a park, a "national recreation resource".
👍
Their politicians rather fight WOKE then for their citizens.
Those rednecks don't even know what woke means. They just know it's related to black people.
So true. I got an 80% increase this year for a house 50 miles inland on a non-flooding area. Disgusting
Go woke...go broke
Only 80%? Mine went from $3400/year to $8200/year with Kin Insurance. Mine is in Escambia County, nowhere near the recently affected storm regions. We were able to adjust down to $7100 before finding a quote for $4200/year.
No claims made, either....
It’s the assignment of benefits and roofing companies that caused this. Not the storms! Roofing companies are sue ing insurance companies on behalf of the home owner. Florida represents 80% of the USA lawsuits to insurance companies 😳
Is this an area east of I95 ?
The property is being sold by the cities to the investors to build townhomes to sell to the border crossers which can bring in more money. The American citizens are not going to buy them because we know they are over priced and shabby built you can sweep them down 😩😩
@@bonnyedaise9465 Escambia County, extreme opposite side of the state
This is FL's future. Only those who can afford to lose it all once and awhile will stay around. Most there will soon be stuck with only the 'social' option for insurance (Citizens).
Insurance is theft. Execs rake in millions.
Thank the lawyers for that!
The price for balling out of control
I read this morning that Citizens is letting 25,000 people go, they can not take care of the masses.6/8/23 and Ron DaSantis ( sp) is not helping us at all
@@kevinjohnson3521
And the politicians
I can't even afford a house let alone insurance on a house.
Me neither. I'm beginning to think that's a good thing.
It's not a good thing when it's time to retire and you're still paying monthly rent instead of owning a home.
@@Havanorange Your still paying property taxes, insurance and maintenance which becomes rent.
What can be done pay the bill and Vote for a different Governor
My homeowners insurance with Progressive in FL went from $1830 last year to $4548 a year.
Damn!
r u going to pay it or sell and move out of florida
Wow, that is insane.
@@minimaxmiaandme.4971 all countries will make utilities/insurance/taxes so high that pple cannot afford to own their own homes/property any more, which is their goal. then ONE person will appear as a world leader (nwo/nwl) aka the antichrist and will let u stay in your house have your stuff n money IF you take his mark in your right hand. Rev. 13:16...as predicted...
I would be moving out of Florida faster than Fast...Problem solved.
We need national law that keeps federal government from paying for houses in Florida where homeowners don't have insurance.
Yes there needs to be bills introduced forbidding government money to be used to rebuild in areas generally affected by severe weather! If you keep giving the doofkoofs money, they will keep on rebuilding in the same area instead of moving😪
Even if you have insurance they find ways not to pay for damage.
@@JanelleGodwin-zl8li areas like California as well.
@@chodkowski01 - sure include California. Only for first rebuild. Then you are on your own. Good luck getting a loan in Florida. We have rebuilt Florida 4 times in the last 20 years. Now what were you saying. NOTE: CA is about three times the size of Florida. Now what were you saying that your conservative news source feed you.
@@JanelleGodwin-zl8li I see you don't live in Florida. The news is telling you the entire state is just a time bomb, isn't it? I've been here over 30 years and in my home for 20. Never once needed to file a claim. I'm many miles inland so the storm surge damage they always show you on TV will never get to me.
Mine doubled from $2k to $4k with Security First, and I have never filed a claim, i'm south of Jacksonville. Time to move out of Florida.
mine is $200 now if ours double we will have to sell our house Near Tampa and move to our 35 acres in NW Florida be debt free and not have house ins. I want to just get a RV to live in and than if a storm comes we can hit the road
Between Florida home insurance and Texas property taxes, a lot of those who left California are regretting it.
well move back
Brilliant response.
We'll, Florida pollutes and messes up people's head, let them not come back to Cali, they will be a problem with polluted florida mentality
That's the idea.
Keep the Democrats out.
and those who never left Florida
Insurance counts your land as part of the value of your home. The home value of my home is $500,000. The value of the land is $180,000 and the value of the house is $320,000. The land cannot be damaged only the house so why do I need $500,000 worth of insurance instead of $320,000?
Because desatin sucks
Some states allow you to carry lower insurance. A friend of mine in Texas carries 200k of Insurance on a $280k house. The reason is she owes $150k on it. If it's destroyed she can payoff the mortgage and have a little extra cash. But even at that her premium is $2700 this year.
I was told by Allstate that our insurance here in the Pacific Northwest is high, because we subsidize a portion of your insurance in Florida.
Sounds like you should fear the next hurricane in Florida if one lives in Washington state. How crazy is that? I live in Pennsylvania and I would bet it's all across the country that we are subsidizing Florida.
@@michaelb.8953
When NY and NJ sustained heavy damage from hurricane Sandy years ago when Marco Rubio and Ron Desantis were in Congress, they both voted not to give hurricane relief to both states, but when they get hit by a hurricanes they expect a multi billion dollar help each time.
@@TheDarkDresser It could have been the relief bill for NY and NJ was slipped in with another pork bill, but I'm only speculating. Something about Desantis that I'm not quite sure about as Trump has 110% of my support.
@@michaelb.8953
The problem with Desantis is his lack of authenticity and some can see it.
I don't like Trump, but I have to give him credit for authenticity.
I don't see him imitating anyone, but all Desantis did for the past few years was to imitate Trump, even down to his hand gestures.
Another thing is that Trump will be loyal to you if you are loyal to him, but Desantis will drop you like a hot potato when he finds someone more useful to him.
He begged Trump for his endorsement and fawned over him, but as soon as the richest man in the world began talking to him, he dropped Trump.
Also, the way he "defends" Trump by first reminding people of what Trump did and then let them know that since he doesnt do those things, he wouldn't know anything about it.
@@michaelb.8953 Yes‼️ If you ask your insurance agent why is my house insurance going up and they will tell you (well they told me) well because of the houses destroyed in Florida,Texas, Alabama...etc you know it depends on what year you call. Yet the people in those states stupidly deny climate change mainly because they are lazy and stupidly&consistently vote for GOP, republicon, libertarian, independent who lean conservative, evangelicals who ain't nothing but fake Christians anyways, federalist and conservative politicians so enjoy the price hikes+enjoy the expensive insurances🥳
New orleans, Louisiana is experiencing the same with Louisiana Citizens insurance
Stop the insurance scam 😒 not more mandatory insurance. 😤
My company wants to raise my annual premium by 131%!!
My neighbor's just went up 300%. My insurance went up 40% 8 years ago. I dropped it. I hear everyone is going to be required to have flood insurance now.
Getting to the point where people in Florida should just self insure if they don't have a mortgage. Just be ready to lose it all tho..
@@brent4073 Yes, take that money and put it on your mortgage instead.....self-insure....
Be glad you own a house because the most of people can’t even afford the rent prices in Florida, There are families living in their cars with children. Properties rented for 1600 2 years ago are rented now for 2500 without any improvements, actually not even a fresh paint on the walls.
It’s makes more sense for them to buy a home. There’s plenty of government programs to help them get into a house. Or move to a cheaper state. Rentals aren’t the only way to live.
Yep. 1 bedroom in s Florida starting @ $2,000 no washer dryer in unit. Forget the online price when u get there, sorry no units available for that price. Miami Dade/ Broward county rental prices ridiculous.
I guess people should’ve worked with their landlords during Covid instead of freeloading for a few years. Would you work for free because that’s what landlords were forced to do. No other business in the nation was forced to operate without compensation except landlords. Welcome to the consequences. Landlords took humongous losses, where never made whole. Not even with assistance it was never the whole amount and they were forced to either forfeit money to evict the ones stealing from them or take the money and agree not to evict. Why would a landlord want a thief living off their back? Now it’s the landlord’s turn, pay or get out.
then those families shd drive their cars of kids out of florida to another state asap
@dcg590 my gid, you drink a TON of KoolAid.
These are rough figures I’m giving but;
Moved here in 2020
First year HO insurance $1500
Second year HO
insurance $3300
Third year (current)HO
insurance $5100
SOMETHING NEEDS TO BE DONE AND QUICKLY. 14 HO insurance companies closed up shop and left, about 6 companies are insolvent… it’s somewhat of a monopoly for the few companies that stayed and homeowners options are few and far between. Unacceptable!
Time to call Ronald! He’s been really busy lately. Busy removing the rights of women and children. So, don’t think he give toot about your problem unless to foreclose on your home.
Oh, good grief….🤦🏽♂
She doesn't understand? What can be done? Move?
The Mafia would be embarrassed by the tactics that the Insurance companies use. It is a protection racket that does not pay out. At least with the Mafia, if you paid for protection, you were protected from other thugs. Insurance companies always bemoan a one or two years loss but never mention the other years where they made huge profits. My advice is buy a block home with at least storm shutters below what you can afford, pay it off as soon as possible, then drop the insurance and then save the money for more than likely will just be a new roof. That roof you saved up for would be forced to be purchased after fifteen years even if you were insured. As far as fraud, did you know if insurance companies lose a lawsuit where there were legally responsible for a claim, they still write it off as "fraud". I would purchase flood insurance right now because in my zone, it is still reasonable.
Block houses in Florida develop slab issues because concrete is porus and Florida is all swamp.
@@floridaviolets9601 That is why I performed a core sample and ensured there was good ground under the foundation before I built. There is a fix and a inspection for this situation..
Same same same I did a 12k roof claim. Omg I should’ve gotten those shingles fixed myself.
She is not alone. My premium is going up 50% on renewal next month after doubling last year.
Like the rent raises 😮
@@pamelalima5401 true. Still, it beats living in NY/NJ where I lived before so I'm not complaining. 😁
Mine doubled last year and doubled again this year. In 2016 it was $1100/yr. This year $8600
Wow that's a crazy increase
Feel sorry for you, man if mine goes up we will have to sell our home near Tampa which I want to anyway, wife wants to stay here becaue of the kids,, I want to move to NW florida live in a RV
you can think your present Governor and his minions for this
Mine went from $1100 to. $4500. Edison insurance which own by chase. When I called they said it was the state legislature who allowed the hike the price on everyone.
The banks owns the insurance companies and the government officials
I have never file a claimed.
You should file claimed that is why you are paying them. These crooks want their cake and eat it too.
Insurance industry fraud!
Once you do a claim they treat you any way they want you with prices cause you "owe" them. My dad didn't even file a claim after a hurricane cause he said they'll fck u over so make sure you claim for something big or worth claiming.
My house is 1,000 sq ft in Florida. I have not made a claim in 20 years and my insurance increased from 2,733.00 (2022) to 6,003.00 (2023). Why is there not a cap? Pure greed!
Demand actions from your lawmakers and ask Desantis how much insurance lobbyist money he has taken in since the start of his campaign.
Absolutely ridiculous!!! It is GREED.
For some reason you have a lot of crooks in Florida. Just not sure which side is the crooks. Florida has 75% of all lawsuits for denied claims in the country despite being only 6% of the population. So is it the insurance companies being crooks for denying so much or are there thousands of crooked lawyers filing fraudulent claims
I am on the same boat ...from 1900.00 to 4600.00 jump!!
I'm surprised so many FL residents are shocked by these increases. What did they think was gonna happen when all of those claims were filed last year for all of that damage from the hurricane in September?
DeSantis could have ordered a freeze and worked something out since these crooks are making record profits, but he has taken $4M from insurance lobbyist. I was torn between him and Trump but as of now I'm with Trump who pointed this out about DeSantis. My premium DOUBLED. And my area had no hurricanes only a couple tropical storms yet I'm paying for crooked lawyers, contractors, lobbyist, politicians and other areas losses.
Exactly. And they keep building right back on the beaches. Right back on other waterways. They have no problem in raising their home values when they go to sell but complain about the increased costs that come with it.
One of the biggest reason insurance rates have skyrocketed are all the lawsuits sleazy roofing companies have filed against insurance companies and the costs of all the litigation and not so much the storms.
@@davidjohncox7333 Zleazy isn't the word , friggin crooks and liars, thieves with a bucket and a nail. The roofer I had the very first question out of his mouth was " are you paying for this or the insurance company" I said I Am........That roof cost me 10,000.00
@@Hayyyward there’s nothing crazier for me than buy a house close to the water here in Florida… A lot of rain, hurricanes … you just wat to be the first one under the water
It is not only South Florida. My insurance in Pensacola with Universal jumped from 6,000 per year to 10,000 because I filed a claim for Hurricane Sally damage in 2021.
Near water live in Tampa now we got 35 acres in Altha which got hit bad with Micheal all of their is going up
That's who I have insurance with too, Universal Property, trust me I'm shaking
Got land kn Calhoun county wanting to move back up there get a mobile home just afraid the be high a d cannot afford it wife and I are retired told her that I want nics RV a d downsize if a storm hits we can
Our insurance went from $4500 to $7000. But we did have a huge claim in 2017 after Irma. House has every storm mitigation and building design reasonable. Roof is cement tile replaced in 2018. Hopefully we do not need to replace every 15 years. We are having roof inspected and repair as needed annually just in case. Ian was not near us but close enough to yield 80 mph winds.
This is happening to me as we speak. My premium went from 1900 to 4500 in a year
I am not in Florida and mine almost doubled also. Remember, in the summer of 2020, 36 cities were subjected to riots, looting, and widespread destruction. That is part of the reason rates have increased. They spread the losses across the country and shift the burden on to innocent policy holders.
I pay less then that for both property and insurance in CA
Move! Now ish, B4 Florida is covered by water.... tic toc my friend
@@carefulconsumer8682
Maybe Desantis should not be taking millions in donation from the insurance companies.
@@TheDarkDresserinsurers donate to Dems as well. Its not one sided.
I live in Okeechobee fl. New house out in the lake area. Not on the lake but 1 mile from it. I will now have to have flood insurance even though I am not in a flood zone. (Even with the lake close by). The lake is not the coastline. But now I will have to pay. Ok fine. People say self insure. Fine if you have your property Paid in full, but not when you have a mortgage. Insurance is required. So you have to accept the industry the way it is. No one in any form of govt. will help the insurance companies lose money!. What people see to forget is you have to pay a premium to live in paradise. Florida is great but we are a very stormy state, period. I knew. Getting into ownership that I could suffer some form of a disaster where I live. The storms here are getting more and more intense by the years. And to add insult to injury, we now have tornados in florida. That’s something Floridians never had to worry about 20 years ago. Hence global warming.
Florida has always had tornadoes. What are you talking about?
Now everyone knows what its like to have inflation hit you. Us renters were hit hard by huge rent increases & this left alot of people homeless. Not too mention the fact it ruined their rent history to be capable of finding more affordable housing.
This isn't inflation.
@@stevenhenry5267 if this is not inflation. An increase in the general price then what is it?
Bidenomics at work.
Maybe you renters’ shouldnt have screwed your landlords out of 3 years of income during Covid. You lived for free and have the audacity to complain. Landlords who worked their whole lives to obtain property lost their retirement, life savings and property because you ‘renters’ freeloaded. Well, here are some of the consequences. Me to make up losses.
Corporate greed
Working 3 jobs to hold the house? To live in paradise? Not worth it. Look at priorities. Never know when you may be hit by the big H in Fla. Crap shoot. Former "snowbird" condo owner many years ago. Once you file a claim anywheres your rate shoots up. Car or homeowners. Bigger your house and fancier your car the more you pay. Was looking to retire there, miss the ocean, warm winter weather, low taxes at least for now, so many great things to do. Every state has its pros and cons.
I don't use home owners insurance for anything other than complete loss. If you file a claim your rate will sky rocket so they recup the entire amount they paid out.
FP&L has Homeserve for pipes. Inexpensive and helps. No losses yet but just in-case!
And then some.
People blaming insurance companies.. smh.. they are all going bankrupt.. its floridians.. you think you can sue sue sue for everything without consequences. Same thing in car insurance. You look at someone and they are hurt calling Morgan and Morgan. All you did was make the attorneys rich!
Exactly. People are just never able to see the bigger picture.
Perfect
Ours went up by almost 100 percent with Kin! We have not even claimed a single issue ever since we bought our house 3 years ago. It's an absolute crime what's happening here. We are insurance hunting but don't have high expectations.
Same experience. 16 year home owner with no claims. Give Citizens a try.
@@weshowell7977 Went to their website and they have a host of requirements. My home would need a high value policy needing many types of inspections which may be required on any of their policies. They could cancel policies for various reasons and I don't want a company busting my chops as much as every year with inspections and telling me what has to be fixed in order to be covered. And if they find anything they may deem as problems you have to have them fixed in order to qualify which could cost thousands. I'll stick with my company and the 100% increase especially since my home was built in '52 and I've had no claims in 15 years.
Capitalism is not a crime.
Never heard of Kin - is it a Chinese company?😳
@@kelliott7864Capitalism without limits is indeed a moral crime and failure against you and everyone you love.
Talk to your Florida governor to do nothing party !!!!!!!!!
Mine doubled this year and no increased coverages.
The state of Florida has a lot of insurance loop hole laws that cause fraudulent claims. I worked in the auto SIU claims industry on the auto side. Basically you use a repair facility that doesn't work with or agree to the insurance companies rates. These shops collect these claims over time then sue the insurance companies. The policy holder names are being used in these suites unknown by the policy holders. Don't have experience on home owners side but imagine the same thing is playing role and building material cost have gone up dramatically. Litigation cost is likely playing a very large role in this.
You sure it's not because you live in a state that's at sea level and constantly gets hit by hurricanes? I don't even want to send aid to you all until you all decide to do anything that protects things better.
Yeah not 100% due to storms. Mainly the assignment of benefits and roofing scams doing exactly what you were seeing on the auto side. However, it’s gotten so bad that citizens was about to lose its reinsurance. Thier business is so bad that no one would take the other side of the deal so law markers had to act!
No it's greed
@@bonnyedaise9465 greed or thievery with a license?
@@jerryd1109 I am at about 30 feet above sea level
Mine also went up by 80%, but since we are inland it was quite reasonable to start with, so I paid it this time. If this continues I will self-insure. You are absolutely right. There should be a cap to the percentage of increase. And no, there will be no help from our corrupt government who is in bed with the insurance companies. The only long term option I can see is to self insure, and hope for the best.
Louisiana wind policy(no flood) went from $3800 to $14600 last month.
Another conservative paradise
What that's almost 400% increase
It wouldn't be unthinkable that her's would go up in a state with tremendous weather related property damages. Damages are for the most part are calculated & estimated via the region that you are in. If there are a lot of fires in your area, they go up; storm damage in another area, yours will go - they spread the insurance risk as it were. Although, my ins went up as well, only slightly, because of the damage from various people in the area who have had fires, although thank God, it didn't include me, but unfortunately, ins. companies all work together and they spread the risk of coverage.
Ms. B. Churchill
Hello Florida! Its the deal DeSatantis made with Insurance companies!
My rate went from $1600 in 20 $14-$8800 in 2023 for a 1600 square-foot house. With absolutely no claims
You NEVER submit a claim on your homeowners insurance for peanuts like $5,000. Bite the bullet, the more claims the higher your premium will get in the long run. It’s business 101! I know it’s wrong but that’s how it is!
All insurances are nothing but legal ponzi schemes😉🤫
Insurance will reach a height that it makes more sense to self insure and pay for repairs out of your pocket. Move into a sound structure home. The homes built today are built to a higher standard then when hurricane Andrew hit Florida. CBS over wood, hurricane windows and metal roofs fair much better through hurricanes.
My condo dues went up 150%. The Governor will not help us to get affordable property insurance and I am on disability. I am scared about this. I will eventually not be able to afford to live here. My insurance is going to go up, because I have a severe leak. I only got $3400 for a $8400 job.
Lord May god bless you all. Paying that much money and a mortgage with high interest rates… wow
Welcome to California. This has been happening here for several years due to fire. It’s horrible and the government needs to help.
The taxpayers need to rebuild your house?
@@golightly5121 not the taxpayers. The homeowners. They are charged more for their premiums to cover losses incurred by claims.
@@ericlaroze5549 : backed by taxpayers when they run out of money.
I call B S on that. I pay about 600 a year for my home
California has had rate freezes since the pandemic started. Every major company is paying out more than they're taking in. We're also capped on the amount the premium can increase by. Right now you're only seeing the reconstruction cost go up. If they ever lift those restrictions hold onto your wallet.
I live in California, two years ago my homeowners insurance was $1,600, last year it went up to $2,100 and this year my bill is $4,100. I've never made a claim,
my husband and I built our own home 33 years ago, it's a simple !,500 sq feet. I'm going to shop around tomorrow.
It’s not just price gauging that’s driving up Florida’s property insurance premiums. Many of Florida property insurance companies have been driven bankrupt by huge losses after storms. It’s a disaster-prone state.
A couple thousand increase for the year is unusual. But most people with big houses like that, you figure they can afford it. This young lady comes off as a bit of a griper. I could see if an senior citizen on a fixed income would have more to complain about.
our is is 1800 sq feet we live 40 miles form the Gulf of Mexico wonder if their location near water or flood zone is causing prices to go higher which they should be
Exactly. She needs to shut up, pay up or MOVE!!
cap the lawyers.... they are the ones making the money. and the news dont seem to cover the real problem.
Hint: Don't file a homeowner's claim unless you have major damage. Forget about the policy details, your insurance is for catastrophic events only. If you have a broken pipe that costs $5,000 to repair, do it "out of pocket". If you are smart and have a high co-pay to keep your premium down, it would cost you at least $2,000, anyway. This is especially true if you are in high risk states like Florida. -Use your policy for nickel and dime stuff, they will cancel you.
Hint #2... Residents have been doing that for years and the insurance rates still increase especially after any hurricane. Insurance companies see billions to be made and take the money and run. So many companies are pulling out of FL because they've gotten as much money from homeowners as they know they can. Some people are going without insurance when they no longer legally have to have it. I'm from Pensacola and it's outrageous what insurance companies have gotten away with.
I'm sorry, Angela, residents have been doin g what for years? Thanks. @@angelaw9476
I am not surprised at the teachers new premium. I live in Okaloosa County and up untill 2 years ago I was paying 4,500.I was with Universal for 15 plus. I never ever put in a claim for fear they would cancell.When I would speak to the agent and complained about the price increases he would tell me that I would have to pay much more if I went to another company. He canceled me with the excuse that I was late on the payment. PLEASE CAN SOMEBODY HELP ME, WHO CAN LOOK AT THIS ?MY NAME IS LIZ.
Yea Ron will be right on that 🤣🤣
People will have to learn to give up what they can do without. They should become self-insured.
That's true but if you're still paying a mortgage, it's illegal.
Can’t self-insure if you have a mortgage that’s the problem. Can’t pay off your house quick. If you’re paying another $800 a month for insurance that’s the issue.
@@flabunny1 Just try to save and hope nothing bad happens.
@@michaeln.2383 sure.
My son talked to a guy he knows that sells insurance and the guy said they are now seeing a lot of foreclosures due to rising insurance.
mine doubled from 4k to 9k on less then 100k acv, Thanks Ron D
When you live in a state that has all these hurricanes, what do you expect. To replace an average home today ,it cost the insurance company 500,000. To a million dollars. ,times that by 10s of thousands, what do you expect?
It’s not so much storms play in rate increases. It’s the sleazy roofing companies filling lawsuits against the insurance companies and forcing them into litigation which costs are astronomical!
People in America erroneously think $ is free, just print more $ they always yell🥴🤪🤡 What they refuse to learn &input is that in order for anyone to be able to spend any money that money has to have some sort of value behind it, if it doesn't, it is nothing but green pieces of paper 🥴🤪🤡
@@JanelleGodwin-zl8li That is why crypto wins in the end.
What do you expect when you let the lawyers own the system..... will take a while till the law helps about time . Now investigate why the CFO and assistant resigned. We dont care how many jobs she has. she is the same as everyone except the lawyers.
I heard that property insurance was going up Gee that’s so much . I was shocked when eggs went up to 6.00 a carton here
WOW! They are $2.38 here in Indiana.
@@zendoll1 hence why we are not in a recession right now, the CPI rates increased… fake non-recession
That's cute. Mine went up 105%. Called my agent and immediately switched to a new company which happened to be Citizens. That means my agent couldn't get anything that was within 20% of Citizens. But caps aren't a solution either. California does that at least for auto policies so all the insurers are just leaving the state because they can't make any money.
This is something that family should fight is ridiculous and should be illegal. Why illegal home owners insurance are the number thief, you pay so much money for many years and at the end of a disaster they don't pay. So, this should not be allowed.
well, stop paying the insurance and your problem should be solved. afterall, if you get a loss they wont pay in any case.
@@bjvu9460 mortgages require insurance🙄
I don't understand why they can't understand why, out of all the 50 states Florida is the worst state for damage, companies can no longer exist in Florida because the damage is too much, and you're asking why??
I see it in the Midwest a lot. People tear down old cabins and second homes that were built for $15000 or $20000. Then they build million dollar mansions.......it costs a lot to repair those mansions.
Just Asking what you would do, we have a house North of Tampa ow 18K we have to have insurance because of that. ours is now $200 if it goes up I cannot afford it. I'm on SSDI all my check covers the monthly bills. Here is the Question. we have 35 acres in Northwest Florida, I want to sell be debt free and get a RV to live in, or a small mobile home owe nothing on it, Wife wants to stay here because of the kids which are teenagers now and we do not see them that much they are doing their own things, so what would you do? Stay be in debt be near a city, or move be debt free middle of 35 acres? Did tell my wife it our insurance go up we cannot afford to live here, I refuse to go into any more debt or higher bills
That's what you get, keep voting 🔴
We will thanks
Building material cost went up? That was because of the 25% tariff on imported goods or also known as a consumer tax. That should be baked into prices of insurance now as well as inflation.
Right. That's what we need the Government managing insurance Companies. See insurance rates in California.
Is anyone else experiencing a spike in property taxes ?
Paying for a home now that i would not have qualified for when i bought it 3 years ago. My home has never been hit or had damage from a hurricane, yet my insurance has quadrupled! I've never filed a claim. It's criminal what politicians are doing to this country. What's next? Will our homes burn to the ground, too?
Meh. You get what you vote for.
Flor a duh.
Lol yea because ppl fraudulently getting new roofs wouldnt have happened under any other form of leadership. Only Republicans. Get real
Sadly we here about these crazy increases, but for years everyone in the tri county has been paying these high high premiums. By looking at her house, this is pretty typical of what we have been paying. Sec First response is a valid one. Megan's first conversation should have better agent.
Maybe Megan will lose the house her ex husband worked so hard for like he did.
Just started pricing insurance for next year. Citizens, is trying to get people off that plan, and I would like to do so. Like the woman in this story, I, too, had Security First Insurance but I did not have any claims. Last year they attempted to raise me over 100%. Unfortunately, so far the least expensive plan I've been able to find is almost double my current premium. I don't live in a flood area, I have done everything to hurricane-proof my house - impact windows and doors, new roof - and had a wind mitigation done by inspector. Five point inspection done by a professional - electric, HVAC, water pipes, etc and passed with flying colors.
Texas my went up 50% insane
They elected a governer that spends his time fighting with a mouse, burning books, and running for president instead of paying attention to his state. You guys elected him. You deserve what you got.
But yet they especially the elderly believe that they are supposed to vote against it by ever voting for any GOP, republicon, libertarian, independent who lean conservative, evangelicals who ain't nothing but fake Christians anyways, federalist or conservative politician and politicians but yet still benefit from it and that it will still be there for them when they need it🤣😉 because you know they are sticking it to the man🤣 When are they ever going to realize,learn and input that the only man you are sticking it to is yourself?
Burning books? Mouse picked the fight. You dont think he can run a state and run for President? You are right. Ppl have never done that before.
My property taxes doubled here in Chicago because of the "migrants".
I pay $750 a year on my 600k home. My insurance company (Nationwide) said that I don't live in harms way (Northeast). Therefore, my insurance is lower than other parts of the country. Florida needs to keep focusing on "WOKE" whatever that is...
Me too Micheal, Nassau co. florida, 1983 mobile in very good condition on 3 acres, also with Kin insurance, mine was 1200 a year with AIG, they cancelled me after my one and only ever claim for a roof, then KIN insurance after I was force to spend $3700, on all new piping to quality, went to 2500, then this year a 57% increase to $4350 for a 1983 moblie home, I'm forced to leave after 22 years on this really cool peace of nature,
and absolutely no help from florida government in Tallahasse , or DeSantis,, or channel 4 jacksonville,
what a criminal joke.
If your home is paid for - do you have to insure it? I would drop insurance & save the premium you are currently paying in an account for repairs.
Im paying 7.000 in tax and 5.000 in insurance, home 1989 it’s shameful
Smh I’m glad that floridans and Texans are going through the same thing. Now we all in the same boat. Don’t matter if you live in NY, California, you paying what everyone else paying, wether they are renter or homeowner. 8,000 a year imagine that only on insurance. My one bed room apartment in NY with patio is 1,400 a month. No taxes, no home owners insurance, no property taxes.
I pay $1200 for a $1.2million home full coverage in California……it went down from last year was $1450…..
75% right here!! 😢
Floridians opened their door for the devil,and the devil had taken over,are they even suprised,more is yet to come.
Home insurance is for catastrophic loss, not minor problems. I’ve never filed a claim with homeowner insurance.
How many people use the system to change complete roof instead small repair......
Darn that is a big house sure her insurance will cost more, NEW PORT RICHEY close to the water as well, A Flood Zone as well
Finally these homeowners are having to foot the bill for the past losses in these areas. If you want to live in low lands near the 'Florida coast you will need to put up more money to help pay the total cost of all the Hurricanes that have been hitting there on an increasing frequency. Sea level is rising every year also. Get out of there unless you want to pay more. I am sure the rates will even be higher on there next renewal. Rates just continue to go up as one disaster after another continues. The future is only going to get worse as storms get bigger and more frequent
But yet you Floridians just voted for a vast majority republican government; that is basically like asking for this problem to happen and repeatedly happen because republicans do not believe in and have renounced the real science&data dealing with climate change; because the weather changes everyday you know 🤣😉
Increasing frequency? What?
You know the strongest Hurricane to ever hit FL was in 1935. If you took away the one spike in activity in 2004, it would be almost identical across the board from 1944 to now. Hurricane cycles fluctuate every 4 decades or so.
Sell and move if you can no longer afford insurance. We saw what hurricanes can do in Fort Myers Beach so the escalations should be no surprise
Taxes and insurance are half my payment lol. Fuck this. They need to stop making disposable roofs. That's a start. My insurance went from 1200 in 2017 now its 4500.
Funny it's supposed to be the conservative paradise. No state income taxes, you will pay more on your insurance then I pay for state income tax , property tax and home owners insurance in CA and I do make a decent wage.
From what Im hearing California's rates have been increasing and insurance companies are leaving.
Mine did too.
I didn’t file a claim and mine just went up more than double to $12000 a year with Olympus
Wow should be a big house
@@pamelalima5401 2,300 sq ft house but it’s 2 sty. So not really
1983 home use to be a rack house will pay it off in 4 years I am tired of the insurance and mortgage company rules they are trying to take all of our money
You are not the only one. And you get less coverage than last year. And my roof, which is 20 years old but it has a 40 year warranty, is not covered under my home owners.
$3,000 more? That’s one Disney trip. May have to do without Mickey this year.
And, so at the End, the result is,, "wait for it", our "system" is going out of control!!! No Way Out for the average person.. Going to have a real bad time ahead for the gov. and all its lackies!!! People will stand up!! Someday, maybe!!