2024 Price of Paradise Insurance Special
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- เผยแพร่เมื่อ 17 ธ.ค. 2024
- Every day, you are voicing your fears and frustrations to us when it comes to navigating Florida's insurance market. We are committed to amplifying your voice, providing resources, finding solutions, and holding state leadership accountable.
You would have to be a fool to purchase a Condo in the State of Florida . What a mess.
Waiting for capitalism to lower the prices is never going to happen.
This is a Stupid thing to say! If anything say, “ This is a Socialists dream!”Knock down all these Capitalist’s Mansions & put up more Apartments! “According to Need,huh?
If the United states became self sufficient, and started producing ALL of our own materials and products again, things would be so much cheaper. The US has every climate, minerals,oil, and terrain possible for producing most of our needs. We need to stop buying from the rest of the world.
The company Citizens that they are talking about in here requiring everyone to have flood insurance is the state run insurance program , the commie shit . It works worst than the for profit ones .
I cannot believe that Americans are not aware that property insurance does not cover flooding - it is the most common disaster anywhere and so insurance companies will not cover it because it is inevitable. The problem with southern Florida is that it is flat, there is no way for the water to drain away.
I can! ☕️
I think a lot of them know but choose to think it won’t affect them and fain ignorance and complain when it does.
And the damage from Helene was worse in the mountainous areas up North than the flatlands because it drained so hard.
Actually Florida has areas in the northern part of the State are not flat and are high and dry. The ground is a sandy loom in Florida and the rainwater is absorbed into the ground, if to much rain falls to quickly to be absorbed you have a flood.
@ yes but southern Florida has been concreted over so there is no absorption and the rain comes down way too fast.
Ironic that Milton is once again the author of Paradise Lost.
10/10. No notes. 🥇💐All rise for the anthem. 🫡🥲
Don't write this down but I find Milton as boring as you find Milton
Next hurricane season it will be Dante.😮
* *people build in swamp* *
* *storm floods them out* *
* *Shocked Pikachu Face* *
I KNOW!!!!
This was great reporting. I really appreciate all the time and effort to cover all the different insurance topics covered in this reporting. I learned a lot. Thank you.
Insurance is a scam! I’m certain that even the 4 out of the 86 who had it are still being denied their full coverage in some way!
Yes,you are correct
Not true. I am an insurance agent and we make it very clear that a Homeowner's
Policy does not cover rising water.
It’s FEMA. They are straight forward with common loss Apps. The key to fund the repairs you need to get back in your home. Ian was a learning leason
Yep, my office building lost its roof. The insurance is paying zero dollars despite the fact that for four years in a row, we have paid our premium on time and in full and that premium would pay for our new roof, twice. I blame the government on the insurance scam. They are in league with the insurance companies, making money off of us.
@@marksherman1887 do you also make it clear that people are not in a flood zone, but still give them the option of buying flood insurance?
In this day an age if you don't know about flood insurance you must be living under a rock or believing it will never happen to me.
You are correct -
No one is being punished. Paradise is not lost. Decades ago older citizens did not finance retirement homes. Now older folks finance mobile homes, etc and it can be a recipe for disaster. Condo associations carry flood insurance in most cases. You pay for it but so do all owners.
If an entire segment of the population can no longer afford to live somewhere after having done so far many decades paradise IS lost, at least for them.
And you're ignoring that they're living in houses, mobile homes and condos. Hell, even small businesses are being pushed out but yet you still blame it on the consumer. Lol.
Amazing how well certain people have been turned to champion the billionaire CEOs over the everyday worker.
Its the National (Fed. Gov.) Flood Program, not insurance. It was created because Ins. Cos. Refused to cover in the flood zones.
It is subsidized insurance underwritten by FEMA and the downside is that it encourages people to build in dangerously low lying areas.
Thank you! Even here up North we know about Federal flood insurance.
Ask most homeowners what elevation there home is on and most won't have any idea. People just gotta live on the coast or by any body of water. It floods. Living on high elevation not near any body of water can be as close as 5 miles away.
We owe florida nothing . Tired of wasting federal money there. You're own your own.
“Don’t come to work tomorrow.” Americans taking care of Americans.
He went on vacation with the company owned work truck. It got flooded and is a total loss. Most work related vehicles are only to be used for job related travel.
The MAN was on vacation in the Florida Keys with his family. Nobody said his work truck was in the Florida Keys.
It seems more likely that his work truck was in his driveway at home which is what caused it to get flooded.
If so , I stand corrected. So why was he fired ?
@@rayRay-pw6gz it could be because his boss really is a jerk, or it could be that his bosses business got flooded out in the storm as well, and there was no work to come back to.
That’s the problem with today’s, “journalist,” they don’t ask any pertinent questions, or provide any details on what they’re supposed to be reporting
Moved from Lutz back in Feb, Glad we did, we live in NW Florida now. the Hurricane just did miss us by one county over we just a double wide mobile home or Elevation. 203 ft above sea level, nearest river 3 miles away and down hill, our house insurance cost us 1300, I'm looking into Flood insurance this next week. due to family members being sick I been going through cancer treatment every day had not have the time, A guy that been doing some work for us told me to get Flood insurance just in case pipes freezes and bust it could cause a lot of damage
Flood insurance does *not* cover busted pipes....you better *google* some stuff before taking advise from your ....handyman😮
Dont build in the flood and wind destruction zone and expect others to pay.
This
That has always been the expectation. Ask the NC outer banks home owners who get to have their houses rebuilt over and over bigger and bigger, courtesy of the federal government.
Its amazing what 3-5 feet can do...Simple , build up ! 3 foot foundations and you would be watching jeopardy while eating pie. Not on the verge of a mental break-down.
Agree in principle. The problem is these homes were built with standards that were preFIRM. Ridiculous risk they took on and absolutely somebody offered them flood insurance and they turned it down.
Our FLOOD claim covered all our loss.
More foundation means, more money to building up.... N also swamp destroys foundations of any size. Florida is not a sustainable land, in people are being scammed. N population is the big problem there. I lived ft Lauderdale, from 1994 to 2010. I ran out of that nasty toxic environment. Because, I felt the worst case senio happens
The problem centres on Florida construction not designed for the climate. Drywall and wood--no place in Florida. In Puerto Rico houses are concrete--exteriors including roof. Interior--all walls and floors of tiles.
Bad flooding? Just clean it up, no damage.
Same here in Colombia, houses are made of concrete. They don’t blow away or burn down and termites are no problem here. American homes are DESIGNED to be high maintenance to support capitalism.
They can't afford flood Insurance but they can afford a RV.
People without flood insurance are shocked when their flooding claim is denied 🙄
They can't be denied what they didn't have. without flood insurance, you said it yourself!
Yeah my house paid off I’m not going to pay insurance because they don’t pay when my house gets hurricane damaged !
Always insurance companies found any excuse to not pay ( or pay little bit.)
Not true.
I’m genuinely confused how all these people interviewed thought that their hurricane coverage was going to cover water damage from Debby. The only water damage that might get covered is damage to a roof leading to water intrusion from rain or a pipe bursting in the walls. Do people just not even look into what they’re paying for?
SB 56 Florida bill aiming to prohibit weather modisfication activities within Florida.
Absolutely 👍
Finally. This should have been done years ago.
Our government is using WEATHER WARFARE on its citizens to get them to sell
🙏🏻
Part of the problem with the condos is the lack of regulation when it comes to the upkeep, every board has its own pet projects that are done, but unfortunately, too many boards, overlook the things that actually need to be done. On top of that half of the condo owners only live here part time so they have no idea what goes on in the community for most of the year, the other homeowners are complacent about their home just like they are everything else and most of them don’t pay attention or get involved to make sure that things that need to be done are done. This is everyone’s fault this is what happens when people get lazy and don’t pay attention.
Absolutely. I have lived most of my life in Florida. Many homeowner's insurance companies in Florida offer an option to add flood coverage along with Hazard, Hurricane and Liability coverage at point of sale. In addition, if it's a high value home, the national flood insurance plan only covers up to $250,000 worth of structure damage. So I will also offer an excess flood policy. The problem there is, that they are expensive. They are not subsidized by FEMA like the NFIP policies.
Not “high and dry”, they were left low and wet…
As an insurance professional with 19 years of experience, it is always so disturbing (a) that people sign an insurance contract they never read on the largest purchase they’ve ever made, (b) after they suffer damage people believe they are entitled to FREE federal/county/public assistance above their homeowners policy when they CHOSE the insurance coverage they own. You can’t have it both ways. And you very much get what you pay for. READ YOUR POLICY BEFORE YOU BUY IT OR ACTUALLY NEED TO USE IT, THEN THERE WILL BE NO SURPRISES. IF YOU DON’T, THEN ACCEPT WHAT COMES YOUR WAY AS A RESULT.
Well said! I am also an agent and some home buyers actually act like you are putting them out when you want to discuss coverages, deductibles and flood coverage. Then they act like a victim when this happens!
Since hurricane Andrew in South Miami Dade in the early 1990's, ( yes, I was there ) , the insurance industry has never been the same.
We now live in Ocala Florida 75 feet above sea level. This is probably the only affordable region in Florida left.
I guess that is why everyone is moving here.
They (Ocala) currently have the most homes for sale with the most days on the market in the state. Maybe the last great place to live in Central Florida though. Polk is basically “little Long Island” now.
Always have flood insurance, and then factor in a 50% deductible that's not even on your policy, because they're going to screw you over anyway. That's the closest assessment you're going to have to what your insurance policy really is
Ask the Governor of Florida to stop grandstanding and do something about the insurance crisis.
State government marketing, along with clever marketing, sold the idea of paradise, which is temporary. Some migratory (snowbird) birds leave to avoid purchasing a property that may blow away and flood beyond imagination.
The wealthy can afford to rebuild; ask yourself, can you?
A lady complained that since the area around her development has been developed her neighborhood has flooded. The water has to go somewhere.
Her neighborhood should sue the county for approving the engineering. It's really not that difficult to make the county correct their mistake. It's possible there was a county hearing, and the neighbors showed no interest. Who knows? Still do able!
Blame the insurance companies who are not paying BECAUSE THE HOMEOWNERS NEVER NEVER BOUGHT A POLICY!
How rude.
Do stupid people move to Florida, or does a person become stupid after moving to Florida?
If it's in Florida, keep in mind that the governor is a lawyer, supports lawyers and gets wines and dined by certain industries who also give him
Large campaign contributions.
Insurance without flood is expensive. Add in flood and it’s unaffordable. Florida is a hot mess with insurance and it won’t be fixed. It will just tank the market.
Buying a home in Florida without flood insurance is like investing or making a downpayment into bankruptcy.
For those who moved to Florida in search of “freedom”, it has a price! Higher taxes, insurance premiums and housing, all while paying lower wages.
It's called freedom. Free to choose if you want it get it , if you dont dont. Mind your own
The landlord s not affected...pass it straight to the tenants..not bothering him ..
Yep... I can see him raising his rent $25 a month for each of his four tenants... his 500.00 a month mandatory flood insurance will be paid for almost 3× over.
State farm never pays and is the WORSTwhen it comes to paying any claim. I went at it for 2 years trying to get my roof replaced here in Georgia. I filed with the insurance commission and just paid for the replacment myself. I will be going to court with statefarm soon.
Do you think maybe that insurance commissioner had anything to do with getting paid off by insurance companies too lessen the insurance companies responsibility?
What a scam! I can't afford flood insurance and i don't live in flood zone either and my house is paid for.
I don’t have sympathy for these owners. “I didn’t realize I was in a flood zone.” You can see a freaking river from your deck! WTF?! And I lived in Florida 10
Years. The state is a flood zone. I carried that insurance despite not needing to.
Thank you for this story. Im a new Florida resident and our car/renters insurance is so high!!! I love it here though best state Ive ever lived in.😊
Your easily pleased lol
Just MAKE IT "MANDITORY" to HAVE flood insurance !!!!! I'm so TIRED of hearing these FOOLS cry about flood damage.... FORCE them to HAVE flood Ins !!!
You can't force people to have flood insurance if the house is paid for.
Insurance is already $2800 without flood insurance in a townhouse 😵
Get double or single wides and have the on higher platforms. Thats the only other way.
Florida keeps on dropping further and further below sea level. I don’t know what you people don’t understand. They keep on moving there. This has been a known factor.
People keep moving here, building up and living where they shouldn't. Where do you think all that water is going to go? To the land that was the buffer that is now gone. If you want to live on the coast or low lieing areas then you should pay. Us Floridians that live in the middle of the state on high ground should not have our insurance raised because some people want to live where you shouldn't. Stop building and do your homework it's not up to your realtor there just in it for the quick buck. Stop being stupid and just trusting people, where are they now you need something, nowhere in sight. It's only an hour drive to either side of the state when you're in the middle to the beach.
You should be blaming the regulators and developers that did the building in the wrong places . They took little risk and profited handsomely all the while passing the risk to suckers. Florida is barely sea level and has been developed far too much.
You don't even have to drive an hour to get to a beach to avoid storm surge flooding. 5 miles and on high elevation and your odds of flooding goes down substantially. Also paying attention to the area around a house you are interested in buying. If it is on the low end of the immediate area don't buy it. A little homework goes a long way
As if, as if insurance wasn’t a protection racket. You’re forced to pay for something that you don’t have a high degree of probability of ever collecting on and FEMA is not a solution. You’re paying for higher premiums and when you need it, and you will, will it be there.
This is a one hour commercial for flood insurance.
Go talk to your new president. I’m sure he has your back.
Please educate people that flood insurance is purchased from the government, not public insurance companies.
There is NO FULL COVERAGE when you purchase flood Insirance‼️
They only pay for the damaged part of your house …
So if you have a 2-3 story home …
Well guess who has to cover the rest‼️
You pay for YEARS and still get denied Insurance coverage‼️
For Juan Mercado, once a storm is approaching is under a "watch"'status and has been "named", it's a hurricane deductible.
maybe consider living elsewhere. Put the odds in your favor for the best outcome you can get. Florida is absolutely beautiful and I get why it's such a draw to live there. Make a decision and prepare for the consequences
It’s not that beautiful people just really overhype Florida. Try visiting other parts of this country it will and get over the obsession with florida
Where is the governor in all this? He makes a photo op and disappears. Many of these new homes were built on swaps.
The governor doesn’t control, local building, codes and regulations, that is a function of the county and city governments. What would you like the governor to do?
@slee2819 uuummm, I'm referring to the regulations of insurance companies.
@@jolewis2057 ummmm… then you should’ve made that clear in the original post.
Again, that is not the governors job, it’s the insurance commissioners job. So you would be better served by asking what he is doing.
@slee2819 The subject matter is Insurance🤔
@@jolewis2057 I would invite you to go back and look at your original post. The video is about insurance, but your post is “this” (whatever ‘this’ is), photo ops and building in swamps.
Make a clearer post and you’ll get a clearer response. In any case, I have thoughtfully provided you with the pertinent information about whose job it is to look at insurance policy for the state of Florida, so do with that what you will.
People waking up too late the north was a paradise affordable living money went a long way you can take the cold you can take days off the ice and the cold and the misery will actually turn to Christmas not no more with the high prices in those cities in the North of everything why would anyone go there to live it doesn't add up with the climate and snowfall during the year to be in a place like that change a high price those two things never work Florida is the same way it was a place where you escaped you went to live with $300 a month is it flooded in flooded but you kept on going because it was affordable nobody was out to get you now your worst enemy is not the crooks it's our own government killing us
Do the math, how many floods a year? To live by that much water, you will need it. Not only flooding but the condensation of water in the air damages all the environmental erosion.
Do people move to Florida and not think about insurance because they are stupid, or do they become stupid after moving there? This whole report should be stamped "STUPID" people. Companies are not in business to give away money - why is that lost on all these people?.
Shocker swampland gets flooded
Ins. Cos. Pay a huge premium tax to the state. A conflict of interest for the Ins. Commissioner.
I’m Sick for all of you! All Americans are talking to each other about this!
“It will never flood here” famous last words………
Time to start thinking state parks...
Just like health insurance. Your Denied , but pay up. PAY PAY PAY DELAY DELA DELAY. DENY DENY DENIED
Jane does NOT live in a mobile home, she lives in a manufactured home…Any mobile home that exists was built before 1976
Can’t wait to buy a second home down there once all these boomers dump their properties and the market implodes
Lots of homes for sale cheap on the coast. You will live right on the water. You will love it. C'mon down.
Even if everyone gets flood insurance the rates will still continue to go up
FL is a peninsula so it’s crazy to me that homeowners don’t have flood insurance.
The balls to whine about having to get flood insurance for rental properties while using citizens gov run insurance. He could get private insurance if he doesn't like the rules
Not necessarily. I couldn't get renters insurance on the private market so was forced to use Citizens or do without.
What amazes me is how many people such as yourself champion these insurance companies that game the system and short change consumers (that's you).
Why do you support what goes against your best interest? Surely you don't think that insurance companies are looking out for the little guy?
Make it make sense. 🙃
Absolutely trying to force us all out but the rich of course.
@@IMSiegfried If no one will insure you then do not move there. That's a blatant red flag.
@@UncleDavesKitchen you're ignoring the many millions of people who already live there because you don't have a better argument for why you champion insurance companies over people.
@@IMSiegfried These 'millions of people' knew they were moving to a peninsula near sea level in hurricane alley. It's been well known for over 100 years yet they still move there. I left after Hurricane Andrew and in the 32 years since I've never been in a bad storm. People are not trees, they don't have roots stuck in one spot, they can move.
Get out of Florida it's a weather war
We have a concept of a plan… 😂😂
Will not buy a home in FL. Sorry. this is too much to deal with
Thank you for your understanding. All 107 of the native Floridians left in the state thank you for your support
Barbara 3 showings in 151days and know acceptable offer? Have you ever thought about sitting down with your client and saying that they need to get look at the data and get realistic on the price? If not tell them to find another another agent?
How about Sarasota County stops the out-of-control growth so that a lot that used to have one house now has three houses. So much of this was caused by uncontrolled building. As usual, the residents and the citizens pay for the decisions made by a select few in our governments.
Asking for govt help when you don't buy the proper insurance policies is socialism, right?
Amazing no mention of developers raising hundreds or thousands of acres 5ft above existing neighborhoods.
Bammm !! Nailed it. Look at the Laurel Meadows clip. All the newer ( McMansions ) around them is dry, they are flooded where they were not flooded for 60years. Not the first storm, what changed ???
I can’t understand the man who states he’s “insulted” by having to purchase flood insurance.
I blame Publix pricing.
Welcome to capitalism
Seems these Insurance Companies should be held accountable, they sure hold us accountable.
For bad weather? You chose to live in Florida, you are choosing a higher risk zip code. Caveat Emptor!
I’m not getting flood insurance because I’m not in a flood zone on the mainland higher ground where I’m at
No you dont need flood insure everywhere here look up sea level with a GPS some spots are 50 feet above
I'll never live in Fl
I'm grateful.
I wish the many millions per year would come to the same conclusion. Thank you for your support. -Native Florians
Imagine being surprised a neighbourhood that’s only been around for 20 years (sorry ma’am that’s not even close to a long time) and it’s only flooding now.
Insurance is a Discusting SCAM!!!
So is your spelling!
This is crazy!
Ban more books?
Climate change and rising sea levels will make properties in low lying areas and coastal areas impossible to insure. Banks will be reluctant to give a mortgage for 15 or 30 years because the property may be under water. Selling properties to average buyers will become impossible in the future as banks and mortgage companies stop making loans for these properties. Coastal areas are a high risk for insurance and extreme weather like hurricanes. People will have to self insure and take the risk of loss. Condo associations are losing their insurance and if they find a new higher cost policy they will be passing on the higher costs to association members. Flooded cars from hurricanes fill the salvage lots. Insurance companies will raise rates and pass on the costs and risks to policy holders next year. Coastal properties will be confined to wealthy individuals that can buy properties with cash and self insure for losses from hurricanes or rising sea levels.
Oh well 😂
Coastal in Florida? Yea… that’s way way past anyone but “wealthy” people buying. If you tell me you can afford a 5million dollar house, your telling me you can afford to self insure and don’t need the people that live inland to pay toward your repairs. If you can’t afford to self insure your coastal 5million dollar house, then you can’t afford it.
You thought he was a better person you'd be surprised how many million better persons are not
Why not build on 10 foot piers??? The loss wouldn't be near as bad.
Newer home buyers in Florida are too old to walk up steps. People young enough to live here, born here, can’t afford to stay.
Look, leaving Florida is not going to solve anything. Least we forget the reasons why people relocated to Florida in the first place.. extreme costs in most other states. The initial problem in Florida came with the arrival of all those people who brought along with them the same crooked greedy businessmen and investors that drove up costs in their old states, only to setup shop in Florida and drive up costs all over again looking to capitalize on all those people. Must like higenas stalking the Herd during their migration. Florida didn't have too many financial issues until all those people came bringing problems with them. As for the disasters from the Champlain Tower collapse to the hurricanes. Well the tower collapse was due to a failure of property management. Letting problems go unaddressed till the point of failure. That is upon residents for paying management who's not addressing the issues. And should be let go. As for hurricanes, look it's a natural occurrence for the region. But all that disregard for climate change has come to a head. Now storms are stronger and taking new paths, now the risks of impact are higher as such it's time to fire at the old building codes that no longer apply to current threat levels. But rest assured moving won't solve anything as other states also are seeing annual mass destruction by way of fires, floods, tornado outbreaks, crime and extreme weather events, on top of extreme costs and poor quality of life. No.. I would still stay in Florida and selfinsure.
Some of those insurance companies aren’t paying
NOT sure I understand the mentally…of those that make the decisions NOT to carry any type of insurance…car, homeowners, flood, life, -- just because you do NOT know…”ignorance” is NOT an excuse…
Ever since northerners flocked to Florida in groves it has been going downhill since.
are you talking since the 60s?
@@alexnew4975well yeah but inundated with peeps moving here since the pandemic 😮😢 more than we can handle. Shut down the State Line into FL already IMO
Guess who was flocking to the north forcing many northerners to flee down south.... 🤨
All the insurance companies would bankrupt watch my words when consumers can't afford to pay,it would happen sooner.
Live on the top of a hill...and if Florida has no hills, don't live there
Flood insurance isn't that expensive though.... I'm a P&C agent in Florida....
I don’t understand how anyone living in Florida wouldn’t have flood insurance. The entire state of Florida seems like a flood zone
Well if condos are too expensive, lower the price!
Florida is not Paradise, it’s hot bug infested, oh can’t forget about these pesky crocodiles! 🤷♂️
Those condos will be bought out by Wall Street. They can get rid of the boards.
And if ya think it’s expensive now…
The state of Florida will become a ghost state. Abandoned homes filled with the homeless. Property insurance reform is badly needed and insurance reform. Florida legislators can stop property taxes being based on the sales price of property. What would happen if a majority of seniors leave Florida? They don’t have kids in schools but still pay school property taxes. Social security most likely funds most of Florida. Florida use to be a great place to retire because of the low cost of living and warm weather. Not anymore.
It would have been more balanced reporting. If they also would have visited and interviewed Black and Latino homeowners.