Florida

mitch96

(15,001 posts)

2. The insurance companies have you by the short hairs here in Florida and other states.

Sun Sep 17, 2023, 12:27 PM

Sep 2023

It there is the least inkling that there will be a claim (hurricane,tornado, flooding) you are gonna get socked with an increase.
We had a 25 year roof installed on our townhouse complex (five units one roof). The insurance company said it was only really good for 20 years. Since we were on year 19 they said to replace it or go find another insurance company. This was right after hurricane Ian occurred and we knew materials would become scarce right quick. We got a bunch of bids, picked the best one and went with them. We had to wait about a month but during that time we advanced them the money for materials. Everything is ok now but we still =got a stiff raise in our insurance cost. uff
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Many Florida homeowners face double-digit increase for property insurance by end of year [View all] Zorro Sep 2023 OP

What a surprise that insurance companies raise rates PoindexterOglethorpe Sep 2023 #1

Actually, the rate increases are due to mismanagement. Native Oct 2023 #5

The insurance companies have you by the short hairs here in Florida and other states. mitch96 Sep 2023 #2

Why I don't live is a hurricaine prone region. Squaredeal Sep 2023 #3

With out specifics where is that?,,, No tornadoes? I like living in Florida but don't like them mitch96 Sep 2023 #4

I found a few places like that, but their groundwater is contaminated. Native Oct 2023 #6