The lack of insurance can cause you to loose your house too! Banks and mortgage companies require it as part of the agreement. And if you get dropped, you have two choices. Choose the insurer of last resort or face foreclosure.
Wow I have family members who are having a hard time there so they are leaving going back to they're home towns it's extremely expensive now even more sad to say ..
Yes this problem isn't specific to Florida, here in Quebec it's the same situation for some condos. There have been too many water damage claims in condos so insurers are reticent to cover condos.
So basically they want to be there to make money but when the risk goes up they BAIL. What's the point on having these insurance company's then if their only there to make money and not be there for insurers when they really need them? It's ridiculous!
They will be there, it’s just going to cost you like 5k a year. Plus, they aren’t choosing to go under, the state is forcing their liquidation because of their financial situation.
Their insurer ratings are being down graded, causing them to lose business where high ratings are mandated, and they're now experiencing more claims than they have premiums to cover and are going into receivership and liquidation. They aren't bailing, they're going bankrupt.
it's guaranteed they will be hit by storms that will require more in payouts than any premiums. nobody in their right mind will insure a high potential loss
Some of y'all aren't even watching the video before commenting. It's NOT that the insurance companies are taking the money and refusing to pay claims; it's that they're refusing to continue collecting premiums from customers who have never even had a claim, because the risk just doesn't make sense. And they're not taking new customers, for the same reason. Harsh lessons: 1. if you have an active policy, and a payable event occurs, then you have the right to be paid BUT that's subject to the claims-paying ability of the insurer; if they go bankrupt, the investors are wiped out AND you have no coverage. 2. Insurance policies are for specific terms. You have ABSOLUTELY NO RIGHT to an insurance company continuing to operate where you live. If literally zero insurance companies want to serve your area, then that's your problem (but you might be able to get the government to fill the gap in the market, as the federal government does for old folks' medical insurance, i.e., Medicare).
So, if you pay off your mortgage, are you saying home owner's insurance won't cover the home owner in a fire or liability event? Insurance only covers the mortgage?
@@deusvult6920 Reading should never be a requirement to graduate from high school in Florida, given the performance of the schools nationally. Just sayin' ...
I've been in the insurance world my entire career. Everyone should remember that the premise is to spread the risk to many, based on a slim probability of any particular property being damaged. In FL's case, it's closer to a WHEN there will be widespread damage, not IF. Greed on the part of the insurance companies, especially stock (v mutual) companies is rampant. They'll enter a market if they see profit potential, and exit when conditions change. Like the guy from Citizens said, huge fluctuations in how many homes they cover as the last resort insurer.
Hurricanes and homes don't go well together. You can't really expect them to just push the cost on the rest of their clients in other states. Florida is an expensive place to live.
I am a house owner in sw Florida. Our home has most of the recommended weather related improvement features such as storm shutters, roof design etc. We had a complete tile roof replacement because the 2017 Hurricane Irma lingered over our area for several hours. The wind force lifted the cement tiles sufficient to loosen and weaken the attachment to the underlayment. The new roof has even stronger bond and attachments per the revised building code. Every time there is a major loss like this the buildings must be rebuilt with the latest building code. Gradually the area can withstand most storms. As catastrophic as Irma was I was amazed at how little real damage was done. But when every roof in your region must be replaced or at least significantly repaired the costs mount as competition for labor and materials arises.
How did you fare through Ian? I how all is well with you. I went through Katrina in Gulfport Mississippi in 05 and that area looks just like Katrina damage in Mississippi.
Why should insurance companies get a hand out? They already reap billions of dollars off people like me who never ever find a claim. I worked in life and health insurance years ago and they rewarded people in the claims office who managed to avoid paying claims. Insurance is a racket.
FICO gave insurance companies POWER!! Since when does what is happening in the Dunkin Donuts in the next town will affect your household? That’s what insurance companies have clients believing because of FICO and are SCREWING over clients with sky high premiums!!!
I don’t know much about insurance companies, but how can these insurance companies can be going bankrupt when it is one of the most profitable industries. Seems like they are mis appropriating the money they should have set aside for major disaster claims.
Corporations buying tens of thousands of houses. Insurance companies dropping privately owned homes. Corporations will buy the rest. We will have to rent. We will own nothing and will be happy.
@@TheTaoofEternalWar my thoughts exactly...sound like a gold bug...wait 'till we tell them the gov has outlawed private ownership of physical gold in the past!
We don’t own anything anyway You pay off that home and miss a tax payment see what happens!! Also if u don’t have insurance guess what chief you won’t own shit! Keep telling yourself u ever own anything you don’t morons!!
A huge number of very expensive properties now line both of Florida's coastlines . A direct hit almost anywhere in Florida by a Cat 4 or 5 Hurricane will cause massive losses . Resulting in even more companies leaving or going Bankrupt .
Yepp, just got dropped and my insurance is now being doubled. I need a new roof soooo I'm gonna have to find 15k for that and hope I can get someone to insure me for less. 😳 Hopefully anyway
The typical privatization of profit while socializing the losses. The saddest part is the required insurance by mortgage lenders leading to unjustified forclosures.
Home Insurance is to protect the banks collateral not the home owner ... banks also get their PMI on the loan . The state allow it ... we need a Home Repair and Maintance CashValue Savings Accounts to protect the collateral and the HomeOwners . If the bank already gets your PMI they should not double dip on the collateral .
@@living2day617 I clearly understand your concerns ; but we need - New Disruptive Financial Instruments - that adds value to homeowners . Insanity is doing the same thing over and over again ; expecting a different result . Think outside the box ... you either give more power to Insurance Companies or return power to Homeowners . Insurance policies are a promise to repair and cover cost ; if they can not do their job ... they should not be in the business of insuring anyone . Simple ! But nope ! , they go around cash lobbying public servants , blaming handyman and construction companies for their failures to full-fill obligations . Banks have their PMI ... they dont need to double dip the collateral .
@@fieldthrasher How will work in your case : Is your option to add private insurance , but we will offer you a Home Maintance & Repair Savings Account with CashValue , stamp by GOV . Your money will earn interest and is only for home repairs . Over time the cash value will increase if you have not open a claim , you could also carry the account with you to any new property your purchase . Is run has a non-for-profit as well . If your repairs mount to more than what you had accumulated , a loan will be offer for repairs either on equity or personal credit . They account could also be pass to survivors , wife and childrens .
Did not know this. Sounds like you're in the industry or maybe you needed to use your insurance? I live on the East Coast and think the same thing will be happening here too.
Are you saying a homeowner should be putting that insurance payment into a rainy day fund drawing interest instead? Cause that is what I do with my houses. So far it is working out very very very well. So far.
As they should... Help reduce rate increases for the rest of the nation when the heaviest loss-producers are removed from the rolls. If someone wants to live in the Southeast coastal areas, especially places like Florida and New Orleans, self-insurance or state / city / county tax-assisted insurance is the only way to keep the burden of losses from irrational life choices tied directly and only to local, or at least regional, rates. It's not much different than trying to get auto insurance after you've driven drunk a few times.
@@wlonsdale1 Total home losses in California are much smaller by comparison. They don't have hurricanes, tornadoes, or other regular weather damage and earthquakes are typically excluded, so as long as the homes are not in canyons and other forested areas with serious fire hazards, it's a great place to underwrite policies.
You can’t punish people for choosing to live in a section of the country. Oklahoma has heavy hail season from resulting from tornadoes, the most common insurance claim in the state is roof repairs. At what point do insurance companies decide to leave OK to go to exclusively cover the states with the smaller claims? There needs to be something done before insurance companies just decide to only cover homes that never make claims.
@@barnabusdoyle4930 It’s not about “never make claims.” It’s about the risk and average claims in an area over long periods of time exceeding what insurance companies can reasonably charge. It is a natural control on stupidity-and of course that can be and should be penalized. For illustration, if you and your friends decide to build $300,000 homes on a currently uninhabited American island in the North Pacific but it turns out that fierce winter storms destroy homes there, on average, every 6 years, a reasonable homeowners’ full-replacement insurance policy will cost $50,000 dollars a year plus average inflation, plus the removal costs of the destroyed home and the typical misc. fees and expenses from government and mortgage-related companies all divided by 6, plus a profit margin. No one in Seattle or Denver or any other place with reasonable housing risks should have to share the ridiculous costs of others’ choices to build and live on the North Pacific unprotected. Yet the residents of this island would be very unlikely to afford the cost of their residency with that risk accounted for. In a natural economy, the disincentive of that outrageous policy amount, or more likely the refusal of any insurance company to offer such coverage to begin with, is supposed to be that strong-such that rational people don’t try to live there or figure out a completely different way to build.
The insurance companies with nationwide coverage have already sequestered the Florida risk pool. ...The premiums and reserves from policyholders in other states are no longer being used to pay (subsidize) Florida insurance losses. Florida policyholders have been left to sink or swim on their own.
Lenders require them in order to provide a mortgage. The only way to get around it is to give a cash offer. So as long as people need home mortgages banks will always require the insurance in order to provide the mortgage.
You are an idiot. I work in insurance and pay out about 100k per day in claims. And the are around 400 other employees just like me doing the same thing and just one insurance company. So if you don't know what you are talking about then STFU!
I also was in the insurance industry for 30 years. One of the problems is people don't read their policy I used to tell people, "Don't worry about what's covered: read and understand what is "EXCLUDED". The biggest hitch in exclusion section is "substandard workmanship". In roofing, if the work is deficient and causes leaks, the damages are NOT covered. If the original roof was replaced poorly, water damages aren't covered. The other big risk factor for ANYONE living under an HOA: if the storm damages exceed the HOA,'s insurance, (single family, condo, townhouse) the HOA can ASSESS each owner a % of the damages. If the HOA has $1 million for property damage and a tual damages are $2 million, $1 million will be divided by the number of units. Anyone living under an HOA should carry maximum Loss Assessments coverage:. ($50k - $100k). Most policies have minimum $1k. Increase will cost $12 - $25 per year.
When I moved in my home in AZ. The HOA put an assessment for a new roof. One of the reasons I bought the home was it was supposed to be covered. Their explanation was sorry we haven’t saved enough $ in the last 10 years. Wtf
Insurance fraud is a HUGE part of this problem. Tile roofs that are designed to last 60years are being replaced at 20, and the insurance companies are footing the bill. My mother lives in SW Florida, she was sent black an white photos of "her roof" taken by a drone. The company said she needed the roof replaced at a cost upwards of thirty thousand dollars. Roof was repaired for a cost of 425.00 dollars. The previous company also was going to helpfully work with her insurance company.
Please enlighten me, What roofs are good for 60 years? Asphalt shingles last between 8 and 25 years, often advertised as 15-30. Metal roofs are usually estimated for about 30-50. Methinks you are talking from the obverse orifice.
WTF are you talking about? The underlayment, which as the name implies is UNDER the tiles is what degrades and is recommended every 10 years. 60 years 🤦
@@nobodynoone2500 There are 40 year asphalt shingles available, tile roofs can last up to sixty years, and lastly, where I live the are still some 19th century homes around that still have the original slate tile material that are over one hundred years old. Anything else that you need to learn?
@@arizonaf2503 Please explain the physics. The material underneath the roofing material, that is protected from the elements is what degrades, thereby necessitating replacement every ten years.
@@maegary8107 He doesn't, or he wouldn't make it illegal to talk about sexual orientation. How many young children will commit suicide because of this. It's a giant step backwards.
Hey Governor, how about you leave Disney alone and focus on the outrageous living costs and insurance problems? - Sincerely - A FL resident that will never vote for you.
It makes total sense. Plywood/tar shingle roofs are an expensive, inefficient and outdated product that we shouldn't be using anymore. No matter how you cut it, this bad product is a losing bet for everyone involved. Why are we still using them?
@@christopherbradley5575A Category five will rip the entire roof off, and leave the structure flattened. It doesn't matter what type of roof you have. You're the one that commented that they're outdated and inefficient.
The problem has been that politicians have been in bed with the insurers for years. Whether auto, home, or other, (remember, Obamacare put the insurers in charge of our healthcare) so they are a big part of the problem. Like a dirty diaper, change them frequently. I am not in Florida but I do think the roofers are running a racket when it comes to storm damage. However, the adjusters are in on it, have seen too many roofs replaced that looked okay. Do any have a state insurance agency that takes care of the citizens?
You can blame FICO for giving insurance companies too much POWER!! They have you believing that what happens in the Dunkin Donuts in the next town will affect what is going on in your household!!!
@@andrewhamblett7350 it makes sense, it’s really the leaders of these insurance companies that are in bed. And remember, leadership is the one that gets a golden parachute after bankruptcy. They can’t lose. And honestly, if me or you were in a leadership role, we’d do everything we can to get a golden parachute lol
No. Completely wrong. It's the litigation. The insurance carriers are going insolvent because Florida has more litigation than the rest of the country combined times 10.
They are supposed to replace their own roof if it is leaking from normal wear. If a storm damage the roof the insurance will pay there you have it folks that’s the way it is
The problem is the roof is old or in poor repair but the storm comes along and does damage and now they can make a claim and end up with a new roof. That's why the insurers now require a new roof with approved wind resistance.
@@LisaSimplified my grandmother had no insurance on her house for over 15 years, we had to put insurance on it again to put it up for sale but otherwise it was pretty useless.
All this amid the influx of people into Florida scooping up properties....and ousting renters with skyrocketing rent costs..... what to do, what to do. Floridafornia here I come......🌞
Don't worry, the covid influx of people will learn what it's actually like to live in the shithole that is Florida, and they'll move back out in the next ffew years.
These insurance companies want free fat checks, and that isn't going to happen either. They've outgrown their usefulness, if there ever was one to begin with.
Minimum wage is 15.50 nigga who can pay 1500 for one single apartment complex in these times with one minimum paying job?? Sure, you can take another job but for what? To make these scummy corporations more richer?? Get the f out
@@dcg590 Not everyone has a fire or gets robbed. And often, the value of items lost to theft or fire are less than that given to insurance. Furthermore, the insurance company is incentivized to deny claims for any arbitrary reason feasible. Quit caping for this 2 bit mafia racketeering.
Lived in Florida my entire life. It’s people putting new roofs on their home because they changed their homes exterior style, and want someone else to pay. Most of these ‘hurricane damaged’ roofs are just old and ugly but not compromised/
My roof was 24 yrs old I just paid 41 k cash thank you for a new roof . I know a few people who get their friend the ass cessor to get a new roof for free that's illegal but the are doing it anyway.
I worked for a Florida based carrier prior to the Pandemic. Entire company went insolvent, the company couldn’t pay the claims and everyone was laid off. Florida & Louisiana are terrible states to write policies in.
Thats where the state comes in. Maryland used to have something called Maryland Automobile Insurance Fund for individuals who would face hefty premiums from other carriers or higher risk drivers. The state needs to have an insurance fund that charges market rate for those who cannot get insurance from carriers. Oh, well Citizens is state-backed so its doing what its supposed to do. The state is doing well so it needs to back Citizens more.
Stop typing I left the industry 20 years ago. Some things don't change. Insurance is a game of calculated risk. It is affected by state regulations. A company that fails to meet policy reserves gets taken over. Big Brother Commissioner IS watching. Every claim transfers dollars form policy reserves to claim reserves. Unless a company can bring in a huge amount of sales, the claims will suck up the policy reserves and the commissioner takes over and sells off the book of business. Going for massive sales to fluff the policy reserves only delays doom. Do the math. The greatest contribution to the overall loss ratio is the humans necessary to deal with it. Most line claims people are judged by how many days it takes to determine claims. A good claim is a resolved claim. Be slow and be gone. The whole hate the insurance company thing is a fantasy held by people who are rarely happy with anything. Nobody "wins". The bean counters rule everything. The Commisioner holds the Sword of Damoclese. Loose claims practices will also get the commissioner up your butt on a market practices audit. Like it in the impossible middle? Go work in claims. I did. SIU. I am done.
To make a claim as bold as National or Federal Insurance should have a prerequisite of a minimum percentage of the population in every state contract with you.
I don't understand paying insurance at all, like I understand it but I don't. Like my grandad told me he paid for insurance all those years and never needed to use it. Wasted so much money just paying in paying in. Or like right now with renters insurance for my apartment. I understand it's suppose to be a just in case thing but damn I'm loosing Soo much money and for what. Like they are getting free money and it's not like they are saving every single penny inside of a vault until you need it
In most areas of insurance, problems arise from all sources. Some companies are 'carpetbaggers' and are your 'friend' until that hurricane arrives. (That's why they have to have reserves for state certification.) Other times customers have excessive claims. Finally, there are those 'let's send them a message' absurd jury verdicts that cover 'actual damages' plus some incredible additonal amount to let them know it back at the headquarters. This combination of issues can compel a legitimate insurer to pull up stakes and leave.
Maybe the American people are to start dropping the insurance companies put them out of business and while we're at it start putting these politicians out of business
Oh that’s why every damn customer that we have is getting a new roof right now. We’re not even in the roofing business but several neighborhoods in South Florida eye getting roofs whether need them or not 😱🔥🔥🔥🔥🔥🔥🥵
That's bull crap comment. You see genius, we have a rating system for insurance companies. If you choose an insurance with no rating... that's on them. You are wrong.
@@youtubesucks1499 Sure buddy (petting you in the head). A rating system that's worthless. GM, Enron, and all American insurances are bloodsucking parasites that push out inferior products. The U.S. is known as the China of the west..
"What would happen if Florida gets a big storm?" should be "What's going to happen when Florida gets a big storm?". That's why your insurance companies are leaving.
It's the American way, privatize the gains and socialize the losses. Climate change has made insuring these homes prohibitive for the insurance companies, so they will quit the market leaving homeowners with nowhere to turn but their respective local and state governments.
I know multiple people who had relatively minor roof damages...yet thejir insurance company paid for a whole new roof, instead of just paying to repair the specific shingle damage. That failure/loss goes to the companies' inspectors/adjustors.
Spot roof repairs are worthless. If one spot is leaking, a dozen more are about to. It is cheaper to buy a new roof than call out a repairman twice. Then consider water damage on top of all of that.
Zanna, you don't seem to understand shingles and roof damages. You really can't/don't want to attempt to repair a single spot. The least you want to do is reshingle that particular side of the house.
I live in key largo, FL this place is sinking into the ocean! King tides are flooding our neighborhood with salt water that destroys anything it touches including vehicles driving through it! So many people buy very expensive homes down here don't even know what's going on 😂
Alot of these republicans in Florida love bashing California for the smallest things but look at them now. Karma is a bitch let these hateful floridians deal with what they have created and trust and believe it is going to get much worse for them.
Insurance companies are already highly regulated. One requirement is they have sufficient reserves to pay expected losses. I worked for a company back in the 70s and the state DOI (dept of insurance) issued a Cease And Desist order because we became so financially unstable. Company went out of business and the state's guarantee fund stepped in to service the accounts and payout claims.
people fleeing other states & snowbirds need to stay tf out. They ruin natural born Floridians homes & dgaf about it after. All people care about is themself& im tired of these people.
With the entire west at huge risk of fires, tornados throughout the midwest, the eastern coast and gulf coast at risk of storms and flooding, there's very few totally safe zones to insure a property left. Then when you find that unicorn location that's immune to natural disasters you also should look at PFAS forever chemical contamination maps (a man-made disaster that not enough people are talking about) and you'll see there's practically nowhere to buy property that's a 100% safe investment since very few towns actually have the money to upgrade their infrastructure remove these chemicals from the water supply. But yeah climate change isn't real and we should have less environmental regulation because it's good for business.
@@MexicanTeTe I totally agree with you that no spot is perfect. I get frustrated when people complain about the circumstances of their life and want to find someone to blame for it. You do better focusing on improvement and choices that are more in your control. As far as climate change, nature is always self correcting and will always move toward equilibrium. If 7.5 billion people are wreaking the environment, nature will adjust itself to only support 5 billion, or some other lower number.
Yep, they should be able to dump poison in the water supply, charge $10000000 a gallon for gas and sell defective material all the time. Whatever the hell.
Uh... yeah BB isn't going to do any better. What needs to happen is that the lock on the market forcing people into the vicious insurance/roofing cycle needs to be broken. Government is the problem, it cannot be the solution
Florida looks like a s hole to me. Tacky cookie cut, no character houses, poor roads and expensive houses made of wood. This would never be accepted in my country.
@Johnny Rep Singapore. It’s beautiful. I am originally from the uk but worked in se asia for 20 years. As a result, I now live mostly in Singapore. It’s stunning here. I have visited florida on several occasions with work, . Was never impressed.
Dave Ramsey will still be telling us tomorrow that you must buy a home to better your future. 🙄🙄. This thing called home ownership was a trap from day 1 you all fell for a large scam.
This the crazy thing about the USA. I believe in FREE MARKET - the government needs to stay out of private business. Gas prices are high, the insurance companies are charging to much, etc - PLEASE help me GOVERNMENT
looking back the great depression was actually caused by AIG defaulting on its policy's in Florida after a large hurricane. then shortly after the dust bowl happened but that's not what made people broke and caused the bread lines.
The lack of insurance can cause you to loose your house too! Banks and mortgage companies require it as part of the agreement. And if you get dropped, you have two choices. Choose the insurer of last resort or face foreclosure.
Wow I have family members who are having a hard time there so they are leaving going back to they're home towns it's extremely expensive now even more sad to say ..
You wouldn’t want to “loose” your house.
Loose? Or lose?
@@bellican48 their* hometown
Yes this problem isn't specific to Florida, here in Quebec it's the same situation for some condos. There have been too many water damage claims in condos so insurers are reticent to cover condos.
So basically they want to be there to make money but when the risk goes up they BAIL. What's the point on having these insurance company's then if their only there to make money and not be there for insurers when they really need them? It's ridiculous!
They will be there, it’s just going to cost you like 5k a year. Plus, they aren’t choosing to go under, the state is forcing their liquidation because of their financial situation.
Their insurer ratings are being down graded, causing them to lose business where high ratings are mandated, and they're now experiencing more claims than they have premiums to cover and are going into receivership and liquidation. They aren't bailing, they're going bankrupt.
it's guaranteed they will be hit by storms that will require more in payouts than any premiums. nobody in their right mind will insure a high potential loss
Well duh don’t you know how businesses work. If they aren’t making money why do business.. think before you speak dummy.
@@t2k777 wow duh
Some of y'all aren't even watching the video before commenting. It's NOT that the insurance companies are taking the money and refusing to pay claims; it's that they're refusing to continue collecting premiums from customers who have never even had a claim, because the risk just doesn't make sense. And they're not taking new customers, for the same reason.
Harsh lessons: 1. if you have an active policy, and a payable event occurs, then you have the right to be paid BUT that's subject to the claims-paying ability of the insurer; if they go bankrupt, the investors are wiped out AND you have no coverage.
2. Insurance policies are for specific terms. You have ABSOLUTELY NO RIGHT to an insurance company continuing to operate where you live. If literally zero insurance companies want to serve your area, then that's your problem (but you might be able to get the government to fill the gap in the market, as the federal government does for old folks' medical insurance, i.e., Medicare).
This guy insurances.
So, if you pay off your mortgage, are you saying home owner's insurance won't cover the home owner in a fire or liability event? Insurance only covers the mortgage?
@@LisaSimplified I think you need to read what he said
@@deusvult6920 or not ... thanks anyway
@@deusvult6920 Reading should never be a requirement to graduate from high school in Florida, given the performance of the schools nationally. Just sayin' ...
I've been in the insurance world my entire career. Everyone should remember that the premise is to spread the risk to many, based on a slim probability of any particular property being damaged. In FL's case, it's closer to a WHEN there will be widespread damage, not IF. Greed on the part of the insurance companies, especially stock (v mutual) companies is rampant. They'll enter a market if they see profit potential, and exit when conditions change. Like the guy from Citizens said, huge fluctuations in how many homes they cover as the last resort insurer.
Hurricanes and homes don't go well together. You can't really expect them to just push the cost on the rest of their clients in other states. Florida is an expensive place to live.
I am a house owner in sw Florida. Our home has most of the recommended weather related improvement features such as storm shutters, roof design etc. We had a complete tile roof replacement because the 2017 Hurricane Irma lingered over our area for several hours. The wind force lifted the cement tiles sufficient to loosen and weaken the attachment to the underlayment. The new roof has even stronger bond and attachments per the revised building code. Every time there is a major loss like this the buildings must be rebuilt with the latest building code. Gradually the area can withstand most storms. As catastrophic as Irma was I was amazed at how little real damage was done. But when every roof in your region must be replaced or at least significantly repaired the costs mount as competition for labor and materials arises.
How did you fare through Ian? I how all is well with you. I went through Katrina in Gulfport Mississippi in 05 and that area looks just like Katrina damage in Mississippi.
Why should insurance companies get a hand out? They already reap billions of dollars off people like me who never ever find a claim. I worked in life and health insurance years ago and they rewarded people in the claims office who managed to avoid paying claims. Insurance is a racket.
No, your company was a racket and thats illegal. You should have reported them for such behavior, yet you didn’t which tells me it wasn’t happening.
FICO gave insurance companies POWER!! Since when does what is happening in the Dunkin Donuts in the next town will affect your household? That’s what insurance companies have clients believing because of FICO and are SCREWING over clients with sky high premiums!!!
They're going bankrupt, examples giving here were of insurers being forced into receivership and going into liquidation.
I don’t know much about insurance companies, but how can these insurance companies can be going bankrupt when it is one of the most profitable industries. Seems like they are mis appropriating the money they should have set aside for major disaster claims.
Corporations buying tens of thousands of houses. Insurance companies dropping privately owned homes. Corporations will buy the rest.
We will have to rent.
We will own nothing and will be happy.
All part of the plan.
so what are we going to do about it susan?
@@TheTaoofEternalWar my thoughts exactly...sound like a gold bug...wait 'till we tell them the gov has outlawed private ownership of physical gold in the past!
We don’t own anything anyway
You pay off that home and miss a tax payment see what happens!! Also if u don’t have insurance guess what chief you won’t own shit! Keep telling yourself u ever own anything you don’t morons!!
That is the truth. This is a scam.
A huge number of very expensive properties now line both of Florida's coastlines . A direct hit almost anywhere in Florida by a Cat 4 or 5 Hurricane will cause massive losses . Resulting in even more companies leaving or going Bankrupt .
This was the nail in the coffin
Yepp, just got dropped and my insurance is now being doubled. I need a new roof soooo I'm gonna have to find 15k for that and hope I can get someone to insure me for less. 😳 Hopefully anyway
The typical privatization of profit while socializing the losses. The saddest part is the required insurance by mortgage lenders leading to unjustified forclosures.
The foreclosures are a feature and not a bug.
@@rodneyws1977 lol... indeed
Sounds like the banks are the ones putting the screws to the home owners
Insurance companies are crooks. Don’t sell policies you can’t cover. Don’t feel sorry for them, that’s wack.
Most insurance companies are legitimate.
Home Insurance is to protect the banks collateral not the home owner ... banks also get their PMI on the loan . The state allow it ... we need a Home Repair and Maintance CashValue Savings Accounts to protect the collateral and the HomeOwners .
If the bank already gets your PMI they should not double dip on the collateral .
@@living2day617
I clearly understand your concerns ; but we need - New Disruptive Financial Instruments - that adds value to homeowners .
Insanity is doing the same thing over and over again ; expecting a different result .
Think outside the box ... you either give more power to Insurance Companies or return power to Homeowners .
Insurance policies are a promise to repair and cover cost ; if they can not do their job ... they should not be in the business of insuring anyone . Simple !
But nope ! , they go around cash lobbying public servants , blaming handyman and construction companies for their failures to full-fill obligations .
Banks have their PMI ... they dont need to double dip the collateral .
@@fieldthrasher
How will work in your case :
Is your option to add private insurance , but we will offer you a Home Maintance & Repair Savings Account with CashValue , stamp by GOV . Your money will earn interest and is only for home repairs .
Over time the cash value will increase if you have not open a claim , you could also carry the account with you to any new property your purchase . Is run has a non-for-profit as well .
If your repairs mount to more than what you had accumulated , a loan will be offer for repairs either on equity or personal credit .
They account could also be pass to survivors , wife and childrens .
Did not know this. Sounds like you're in the industry or maybe you needed to use your insurance? I live on the East Coast and think the same thing will be happening here too.
So put 20 percent down.
Are you saying a homeowner should be putting that insurance payment into a rainy day fund drawing interest instead? Cause that is what I do with my houses. So far it is working out very very very well. So far.
If you can't insure a property, you can't get a mortgage. Houses won't sell, prices drop - problem solved!
Pay cash. Problem solved!
@@rack9458 who have the money to pay cash everyone is strugglling
@@fofofofo3076 everyone?
As they should... Help reduce rate increases for the rest of the nation when the heaviest loss-producers are removed from the rolls. If someone wants to live in the Southeast coastal areas, especially places like Florida and New Orleans, self-insurance or state / city / county tax-assisted insurance is the only way to keep the burden of losses from irrational life choices tied directly and only to local, or at least regional, rates. It's not much different than trying to get auto insurance after you've driven drunk a few times.
Tell that to Californians
@@wlonsdale1 Total home losses in California are much smaller by comparison. They don't have hurricanes, tornadoes, or other regular weather damage and earthquakes are typically excluded, so as long as the homes are not in canyons and other forested areas with serious fire hazards, it's a great place to underwrite policies.
You can’t punish people for choosing to live in a section of the country. Oklahoma has heavy hail season from resulting from tornadoes, the most common insurance claim in the state is roof repairs. At what point do insurance companies decide to leave OK to go to exclusively cover the states with the smaller claims? There needs to be something done before insurance companies just decide to only cover homes that never make claims.
@@barnabusdoyle4930 It’s not about “never make claims.” It’s about the risk and average claims in an area over long periods of time exceeding what insurance companies can reasonably charge. It is a natural control on stupidity-and of course that can be and should be penalized.
For illustration, if you and your friends decide to build $300,000 homes on a currently uninhabited American island in the North Pacific but it turns out that fierce winter storms destroy homes there, on average, every 6 years, a reasonable homeowners’ full-replacement insurance policy will cost $50,000 dollars a year plus average inflation, plus the removal costs of the destroyed home and the typical misc. fees and expenses from government and mortgage-related companies all divided by 6, plus a profit margin. No one in Seattle or Denver or any other place with reasonable housing risks should have to share the ridiculous costs of others’ choices to build and live on the North Pacific unprotected. Yet the residents of this island would be very unlikely to afford the cost of their residency with that risk accounted for. In a natural economy, the disincentive of that outrageous policy amount, or more likely the refusal of any insurance company to offer such coverage to begin with, is supposed to be that strong-such that rational people don’t try to live there or figure out a completely different way to build.
The insurance companies with nationwide coverage have already sequestered the Florida risk pool. ...The premiums and reserves from policyholders in other states are no longer being used to pay (subsidize) Florida insurance losses. Florida policyholders have been left to sink or swim on their own.
Just get rid of them and the "need" for them. They are literally motivated to NOT payout for affected clients. This is not a free market.
Lenders require them in order to provide a mortgage. The only way to get around it is to give a cash offer. So as long as people need home mortgages banks will always require the insurance in order to provide the mortgage.
You have no idea what you're talking about.
@@fieldthrasher Prove me wrong, then. Otherwise, shove off.
You are an idiot. I work in insurance and pay out about 100k per day in claims. And the are around 400 other employees just like me doing the same thing and just one insurance company. So if you don't know what you are talking about then STFU!
pay cash then. this needs to be explained? trump voter
I also was in the insurance industry for 30 years. One of the problems is people don't read their policy
I used to tell people, "Don't worry about what's covered: read and understand what is "EXCLUDED".
The biggest hitch in exclusion section is "substandard workmanship". In roofing, if the work is deficient and causes leaks, the damages are NOT covered.
If the original roof was replaced poorly, water damages aren't covered.
The other big risk factor for ANYONE living under an HOA: if the storm damages exceed the HOA,'s insurance, (single family, condo, townhouse) the HOA can ASSESS each owner a % of the damages. If the HOA has $1 million for property damage and a tual damages are $2 million, $1 million will be divided by the number of units.
Anyone living under an HOA should carry maximum Loss Assessments coverage:.
($50k - $100k). Most policies have minimum $1k. Increase will cost $12 - $25 per year.
When I moved in my home in AZ. The HOA put an assessment for a new roof. One of the reasons I bought the home was it was supposed to be covered. Their explanation was sorry we haven’t saved enough $ in the last 10 years. Wtf
Move into an HOA, you deserve what you get.
Did you do your due diligence prior to purchasing the home to see that the HOA was well funded? Looks like you did not.
My last real estate broker asked me if I'd buy within an HOA when I was looking for my present home.
I told her "F no"!
Imagine buying a house in an HOA and thinking the HOA will be more helpful than harmful
HOA's are an abusive scam. You did this to yourself.
keep ripping off insurance companies with "damaged" roof scams. you reap what you sow
I haven’t heard of that scam, but I know of an RN fighting to repair her roof for 3 years and had to dip into retirement fund to repair the roof 🤷🏻♀️
@@riverice7 it’s $5k to $10k for a new roof here. That’s pocket change for a RN.
This is the marvel of the unregulated economy for you. The poor citizens/consumers are just meat for the higher up in the economy.
So absolutely everything is going up except wages. Does anyone see a problem with this?
Insurance fraud is a HUGE part of this problem. Tile roofs that are designed to last 60years are being replaced at 20, and the insurance companies are footing the bill. My mother lives in SW Florida, she was sent black an white photos of "her roof" taken by a drone. The company said she needed the roof replaced at a cost upwards of thirty thousand dollars. Roof was repaired for a cost of 425.00 dollars. The previous company also was going to helpfully work with her insurance company.
Please enlighten me, What roofs are good for 60 years?
Asphalt shingles last between 8 and 25 years, often advertised as 15-30. Metal roofs are usually estimated for about 30-50.
Methinks you are talking from the obverse orifice.
@@nobodynoone2500 Tile roofs in places like Arizona last for over 50 years. Tile roofs in Florida last 25-50 years.
WTF are you talking about? The underlayment, which as the name implies is UNDER the tiles is what degrades and is recommended every 10 years. 60 years 🤦
@@nobodynoone2500 There are 40 year asphalt shingles available, tile roofs can last up to sixty years, and lastly, where I live the are still some 19th century homes around that still have the original slate tile material that are over one hundred years old. Anything else that you need to learn?
@@arizonaf2503 Please explain the physics. The material underneath the roofing material, that is protected from the elements is what degrades, thereby necessitating replacement every ten years.
Interesting how the DeSantis is more concerned about Trans people then about getting Floridians realistically priced home owners insurance.
You should be happy he cares about children
@@maegary8107 He doesn't, or he wouldn't make it illegal to talk about sexual orientation. How many young children will commit suicide because of this. It's a giant step backwards.
Misdirection long been go 2 tactic right wingers
Hey Governor, how about you leave Disney alone and focus on the outrageous living costs and insurance problems? - Sincerely - A FL resident that will never vote for you.
It makes total sense. Plywood/tar shingle roofs are an expensive, inefficient and outdated product that we shouldn't be using anymore. No matter how you cut it, this bad product is a losing bet for everyone involved. Why are we still using them?
There are thirty and forty year shingles available. In colder climates a tile roof is not an option. Metal is longer lasting, but more expensive.
@@fieldthrasher The article isn't about longevity. It's about storm damage. Tornados don't care how old your shingles are.
@@christopherbradley5575A Category five will rip the entire roof off, and leave the structure flattened. It doesn't matter what type of roof you have. You're the one that commented that they're outdated and inefficient.
@@living2day617 We don't have many wildfires in NE Ohio.
The house I grew up in Florida, concrete tile roof, concrete block exterior walls and terrazzo floors.
The problem has been that politicians have been in bed with the insurers for years. Whether auto, home, or other, (remember, Obamacare put the insurers in charge of our healthcare) so they are a big part of the problem. Like a dirty diaper, change them frequently. I am not in Florida but I do think the roofers are running a racket when it comes to storm damage. However, the adjusters are in on it, have seen too many roofs replaced that looked okay. Do any have a state insurance agency that takes care of the citizens?
You can blame FICO for giving insurance companies too much POWER!! They have you believing that what happens in the Dunkin Donuts in the next town will affect what is going on in your household!!!
"The politicians have been in bed with the insurers for years"
Uhh, it's the insurers that are going bankrupt... So I guess they're really bad in bed?
"Obamacare put the insurers in charge of our healthcare" - LOL, you know nothing.
@@andrewhamblett7350 it makes sense, it’s really the leaders of these insurance companies that are in bed. And remember, leadership is the one that gets a golden parachute after bankruptcy. They can’t lose. And honestly, if me or you were in a leadership role, we’d do everything we can to get a golden parachute lol
No. Completely wrong. It's the litigation. The insurance carriers are going insolvent because Florida has more litigation than the rest of the country combined times 10.
No income taxes comes at a cost
Roofing rip off and scam are everywhere but in Florida it is out of control nobody can afford to pay to fix their roof
We have a winner!!!!
So those that commit fraud put them out of businesses
How hard is that
They are supposed to replace their own roof if it is leaking from normal wear. If a storm damage the roof the insurance will pay there you have it folks that’s the way it is
The problem is the roof is old or in poor repair but the storm comes along and does damage and now they can make a claim and end up with a new roof. That's why the insurers now require a new roof with approved wind resistance.
If you own a home in cash, save your money and insure yourself, insurance is a scam
I think this is good advice but maybe only for disciplined people. Then again, it takes a disciplined person to pay off a house.
@@LisaSimplified my grandmother had no insurance on her house for over 15 years, we had to put insurance on it again to put it up for sale but otherwise it was pretty useless.
Don't forget to thank the roofers and their lawyers.
The good news is that as corporations buy up all the houses they can be self insured or can negotiate big discounts for them selves.
Lol
All this amid the influx of people into Florida scooping up properties....and ousting renters with skyrocketing rent costs..... what to do, what to do. Floridafornia here I come......🌞
Who are the conservatives gonna blame now? Democrats don’t run Florida 😹😹😹
@@realistinnit8881 I know right.....🤣
Don't worry, the covid influx of people will learn what it's actually like to live in the shithole that is Florida, and they'll move back out in the next ffew years.
Stop the corruption
Who's corrupt?
Proof Florida continues to be the worst place to live.
News anchor: "Property insurance companies continue to drop Florida customers."
Desantis: "Transgender Athletes."
Every body wants a free roof and that’s not going to happen
These insurance companies want free fat checks, and that isn't going to happen either. They've outgrown their usefulness, if there ever was one to begin with.
Minimum wage is 15.50 nigga who can pay 1500 for one single apartment complex in these times with one minimum paying job?? Sure, you can take another job but for what? To make these scummy corporations more richer?? Get the f out
@@shadowwolfkano until you have a fire or get robbed. Sit down
@@dcg590 Not everyone has a fire or gets robbed. And often, the value of items lost to theft or fire are less than that given to insurance. Furthermore, the insurance company is incentivized to deny claims for any arbitrary reason feasible. Quit caping for this 2 bit mafia racketeering.
Found the insurance worker
Lived in Florida my entire life.
It’s people putting new roofs on their home because they changed their homes exterior style, and want someone else to pay.
Most of these ‘hurricane damaged’ roofs are just old and ugly but not compromised/
@yoo jastle are you a homeowner ?
My roof was 24 yrs old I just paid 41 k cash thank you for a new roof . I know a few people who get their friend the ass cessor to get a new roof for free that's illegal but the are doing it anyway.
@yoo jastle you have 2 houses ?
@@fofofofo3076 That's a stupid question, only a homeowner with experience would refer to the damage coverage deductible of 5% in Florida.
@@2011blueman i didnt talk about any damage 😂 and am not talking to you weirdo
I worked for a Florida based carrier prior to the Pandemic. Entire company went insolvent, the company couldn’t pay the claims and everyone was laid off. Florida & Louisiana are terrible states to write policies in.
I would never move into any part of Florida. Zwhy a lot of people are is not good to me
Thoughts and Prayers
Thats where the state comes in. Maryland used to have something called Maryland Automobile Insurance Fund for individuals who would face hefty premiums from other carriers or higher risk drivers. The state needs to have an insurance fund that charges market rate for those who cannot get insurance from carriers. Oh, well Citizens is state-backed so its doing what its supposed to do. The state is doing well so it needs to back Citizens more.
Sucks to live in Florida. Honestly i don’t feel bad for these homeowners getting dropped.
Leave FL
Stop typing I left the industry 20 years ago. Some things don't change. Insurance is a game of calculated risk. It is affected by state regulations. A company that fails to meet policy reserves gets taken over. Big Brother Commissioner IS watching. Every claim transfers dollars form policy reserves to claim reserves. Unless a company can bring in a huge amount of sales, the claims will suck up the policy reserves and the commissioner takes over and sells off the book of business. Going for massive sales to fluff the policy reserves only delays doom. Do the math. The greatest contribution to the overall loss ratio is the humans necessary to deal with it. Most line claims people are judged by how many days it takes to determine claims. A good claim is a resolved claim. Be slow and be gone. The whole hate the insurance company thing is a fantasy held by people who are rarely happy with anything. Nobody "wins". The bean counters rule everything. The Commisioner holds the Sword of Damoclese. Loose claims practices will also get the commissioner up your butt on a market practices audit. Like it in the impossible middle? Go work in claims. I did. SIU. I am done.
Got my Ins renewal today. Last year $1500.00, this year
$2007.00.
LGB !
Screw insurance fraud. Let's go after Disney!!!
To make a claim as bold as National or Federal Insurance should have a prerequisite of a minimum percentage of the population in every state contract with you.
I don't understand paying insurance at all, like I understand it but I don't. Like my grandad told me he paid for insurance all those years and never needed to use it. Wasted so much money just paying in paying in. Or like right now with renters insurance for my apartment. I understand it's suppose to be a just in case thing but damn I'm loosing Soo much money and for what. Like they are getting free money and it's not like they are saving every single penny inside of a vault until you need it
In most areas of insurance, problems arise from all sources. Some companies are 'carpetbaggers' and are your 'friend' until that hurricane arrives. (That's why they have to have reserves for state certification.) Other times customers have excessive claims. Finally, there are those 'let's send them a message' absurd jury verdicts that cover 'actual damages' plus some incredible additonal amount to let them know it back at the headquarters. This combination of issues can compel a legitimate insurer to pull up stakes and leave.
I have an HOA and they replaced all of our roofs in the last three years for free
DeSantis doesn’t care
We have Lighthouse Insurance for one of our properties, was pretty expensive to begin with… yet still it went bankrupt.
Maybe the American people are to start dropping the insurance companies put them out of business and while we're at it start putting these politicians out of business
Oh that’s why every damn customer that we have is getting a new roof right now. We’re not even in the roofing business but several neighborhoods in South Florida eye getting roofs whether need them or not 😱🔥🔥🔥🔥🔥🔥🥵
Definitely sounds like an American business.
That's bull crap comment. You see genius, we have a rating system for insurance companies. If you choose an insurance with no rating... that's on them.
You are wrong.
@@youtubesucks1499 Sure buddy (petting you in the head). A rating system that's worthless. GM, Enron, and all American insurances are bloodsucking parasites that push out inferior products. The U.S. is known as the China of the west..
@norm simpson Nope. Husband worked in insurance for years.
Know how the system works and how insurance companies are rated.
I hate stupid.
@norm simpson Norm, if my health takes a hit... I have great insurance
Florida is a coastal city what do they expect when a storm comes through
That cat in the upper right-hand corner of the screen certainly looks fierce. LOL
So, am I alright Doc? kekekekeke
"What would happen if Florida gets a big storm?" should be "What's going to happen when Florida gets a big storm?". That's why your insurance companies are leaving.
It's almost like insuring low-value, poorly built homes in a bad location is unprofitable!
Universal Insurance would not renew the policy of our home :(
at this point… there’s no reason to live in florida tbh
Sad but true- it was a great state
Put on a metal roof and cancel your insurance companies .you can do it in a weekend .
My policy got dropped too
DeCantis needs to do something actually useful, instead of going after people his religion tells him not to like.
I don’t feel sorry for anybody in a state that would elect Ron DeSantis congratulations
It's the American way, privatize the gains and socialize the losses. Climate change has made insuring these homes prohibitive for the insurance companies, so they will quit the market leaving homeowners with nowhere to turn but their respective local and state governments.
I know multiple people who had relatively minor roof damages...yet thejir insurance company paid for a whole new roof, instead of just paying to repair the specific shingle damage. That failure/loss goes to the companies' inspectors/adjustors.
Spot roof repairs are worthless. If one spot is leaking, a dozen more are about to. It is cheaper to buy a new roof than call out a repairman twice. Then consider water damage on top of all of that.
Zanna, you don't seem to understand shingles and roof damages. You really can't/don't want to attempt to repair a single spot. The least you want to do is reshingle that particular side of the house.
You voted Desantis in live with it!
I guess the Gov is too busy with Mickey ....
Enjoy! This is the result of your Republican votes.
I live in key largo, FL this place is sinking into the ocean! King tides are flooding our neighborhood with salt water that destroys anything it touches including vehicles driving through it! So many people buy very expensive homes down here don't even know what's going on 😂
@Kirsten A Entire countries have survived below sea level.
Sell ASAP. I love key largo but your home bill be underwater (financially) in 2 years and underwater (literally) in 20 years
I find it very difficult to feel sorry for the insurance companies.
Don’t - feel sorry for the home owners who can’t get insurance because the insurance companies are going out of business
Don't blame California.
Alot of these republicans in Florida love bashing California for the smallest things but look at them now. Karma is a bitch let these hateful floridians deal with what they have created and trust and believe it is going to get much worse for them.
These insurance companies need to be more regulated stop the corrupt corporations shut them down
Insurance companies are already highly regulated. One requirement is they have sufficient reserves to pay expected losses.
I worked for a company back in the 70s and the state DOI (dept of insurance) issued a Cease And Desist order because we became so financially unstable. Company went out of business and the state's guarantee fund stepped in to service the accounts and payout claims.
They know Florida is a losing proposition
Between the weather and the nutcase can you blame them?
Maintain your roof, instead of waiting for a hurricane and trying to collect the insurance.
WHAT DOES MAINTAINING HAVE TO DO WITH DAMAGE ?. You don't collect insurance, it's paid to the contractor.
This is what you get when you move into a hurricane zone!!!
That's way too much common sense for these people to understand.
Move into? This is my fucken home. These snowbirds & blue state flee people ruin our natural born homes & im tired of it.
@@morrismonet3554 i mean, it is Florida.
I will say the same thing about the Chicago are when a Tornado Hits
@@chitoon100 Move to Chicago, don't cry when you get shot. LOL
Insurance companies might know that a sea level rise and bad hurricane season could wipe them out
Yeah they know something
Bingo
Maybe people shouldn’t live where the risk of property damage is too high to be insurable.
people fleeing other states & snowbirds need to stay tf out. They ruin natural born Floridians homes & dgaf about it after. All people care about is themself& im tired of these people.
Enjoy your frozen fall,wonter,winter, in wisconsin..
With the entire west at huge risk of fires, tornados throughout the midwest, the eastern coast and gulf coast at risk of storms and flooding, there's very few totally safe zones to insure a property left. Then when you find that unicorn location that's immune to natural disasters you also should look at PFAS forever chemical contamination maps (a man-made disaster that not enough people are talking about) and you'll see there's practically nowhere to buy property that's a 100% safe investment since very few towns actually have the money to upgrade their infrastructure remove these chemicals from the water supply.
But yeah climate change isn't real and we should have less environmental regulation because it's good for business.
@@bs4real I love sweater weather
@@MexicanTeTe I totally agree with you that no spot is perfect. I get frustrated when people complain about the circumstances of their life and want to find someone to blame for it. You do better focusing on improvement and choices that are more in your control.
As far as climate change, nature is always self correcting and will always move toward equilibrium. If 7.5 billion people are wreaking the environment, nature will adjust itself to only support 5 billion, or some other lower number.
Why is Florida specifically plagued with this issue?
Because it's the con-artist and scam capital of the world. Most people with common sense already know that .
Where's all the money people paid you for decades? You didn't save any of that? It was your only job.
Who knew a bullshit price on homes would make insurance companies nervous.
It's almost as if we shouldn't be allowing private companies to do whatever the hell they want to do.
Yep, they should be able to dump poison in the water supply, charge $10000000 a gallon for gas and sell defective material all the time. Whatever the hell.
With climate change, good luck Floridians!
What climate change?
Calf fires I say the same thing....
Lets make Disney pay their taxes 🤪. Where is DeSantis oh banning books
But why we are the best state to do business in blah blah blah....
Florida must Insure People....We don't need Insurance Companys....The State can do this...
Uh... yeah BB isn't going to do any better. What needs to happen is that the lock on the market forcing people into the vicious insurance/roofing cycle needs to be broken.
Government is the problem, it cannot be the solution
Florida looks like a s hole to me.
Tacky cookie cut, no character houses, poor roads and expensive houses made of wood.
This would never be accepted in my country.
It is
@Johnny Rep Singapore.
It’s beautiful. I am originally from the uk but worked in se asia for 20 years. As a result, I now live mostly in Singapore. It’s stunning here.
I have visited florida on several occasions with work, . Was never impressed.
My house is concrete block
@@Cgh432
That’s probably even a cheaper alternative than wood.
Cool story bro
Yep the federal government most likely have to step in and this is going to be a rough hurricane season too……yeah good luck Florida you will need it
Dave Ramsey will still be telling us tomorrow that you must buy a home to better your future. 🙄🙄. This thing called home ownership was a trap from day 1 you all fell for a large scam.
This the crazy thing about the USA. I believe in FREE MARKET - the government needs to stay out of private business. Gas prices are high, the insurance companies are charging to much, etc - PLEASE help me GOVERNMENT
Are you really this dumb? This is the free market saying insuring florida homes is worthless. I tend to agree.
Meanwhile the Gov is busy with text books.. don't say gay Disneyland...and Communism holiday in Miami .
Hey DeSantis! A little help here! Hello , anybody?
Sad times
Let us pray
I live in the northeast and don't care about Florida. I snow ski in NH.
looking back the great depression was actually caused by AIG defaulting on its policy's in Florida after a large hurricane. then shortly after the dust bowl happened but that's not what made people broke and caused the bread lines.
Well, shit. How about making the cost of roofs that can handle storms.... Ya know, cheaper? Lower insurance prices for certain type of roofs?
I got a BIG insurance break when I installed meatal roofs. Shingles are terrible.
Insurance is such a scam...you have to have it but they do there best to make sure they do NOTHING for you when you really need it.
start your own insurance homes
Oh no Florida, looks like you'll have to give them some bail out "socialism". 😱😱
its our tax dollars anyway you wanker
Saw that coming