State leaders address home insurance costs and say market could stabilize soon
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- Опубликовано: 25 апр 2024
- Rate hikes, lack of competition between insurance companies, and major storms are driving up the cost of insurance in Florida. State leaders are giving an update on insurance rates and what's being done to drive down the massive rate hikes. State leaders held a round table meeting on Thursday to discuss the issues.
FL CFO is plain lying. All of my neighbors home insurance has risen 70% in just 1 year. Stabilizing? Progressive Insurance dropped 100,000 homes in 2024.
What would it cost to build those homes today?
Living where you want to is a privilege many people don't have.
Paying celebrities for commercials cost millions. Those cost are passed onto the consumer.
Can’t see it stabilizing. What happens the next time a hurricane strikes
Stabilize as in adjusted for inflation.
Stabilize in whose favor? What type of home can be built to lower the premium?
You're not understanding how insurance works. it's basically 1% of the house value.
These state leaders have nothing to offer.
More like stabilize soon where people most people cant afford it.
The grant to help improving your house is hard to get and u usually have to pay upfront and get reimbursed. Its a scam so the politicians can point at it and say they are helping but it wont help.
Help yourself, go earn more money.
Whitney Houston said it best, “crack is whack”. Prices will explode with one more hurricane. 🌀
Stabelized in one lump sum of a jump up. This has been an on going to for several years and nothing has changed. And now with the greedy sellers selling their homes for 5x the value cased a jump in pricing so goes the cost of replacement.
I suggest everyone out there look at Owner builder permits and hire skilled roofing individuals to the work along with skilled building carpenters, these prices of homes has only exacerbated the cost of repair 10x the actual cost. The Cities will try and permit for everything in order in to increase property taxes and extort fees to repair anything its not for your safety, its for revenues.
One more hurricane and you’ll have only one insurance carrier
They are tak
They are B/S the public. It's all about profit not about saving the consumer money. Any one with an older home you will get hit the hardest.
Stabilize, but never go down. I remember being promised as a kid that has prices would drop. Never did.
Higher Density New Home Construction.
Older Homes = New Higher Replacement Costs.
Insurance companies no longer want to subsidize New Home Construction that favors developers profits.
there just worried florida is gonna be a ghost town for the first time in 60 years, disney or not.
It gonna bring down cost…they all in cohoots
AND TIME NO ONE HAS. THEYLL BE BANKRUPT.
She bought a home 11 years ago 😆 🤣. You literally cannot complain about anything. Youre paying nothing compared to the rest of who bought the last 4 years. Your probably sitting on 600k equity easy
Listen insurence is wise but ultimatley a luxory and a privlidge; thats why its only becoming a problem now as American society and the economy begins to collapse; exposing people who were essentially living in a bubble to reality. What if we simply do not have home insurence. Sure you could lose everything but thats the game and trade off for living here. Many people dont even own signifigant assets anymore nor have the ability to save money due to cost of living. Why should we care about insurence? Such things are useful for the wealthy but not the poor. Not with the way things have been
Go anti-woke, go Broke. 🤣