Just got a letter that if citizens can find a private insurer for no greater than 20% premium increase they can take you out. Wouldn’t you know someone wants my policy at $7,670 which is a 19.9% increase and im on the hook for pro rata difference. Obvious citizens publishes their premiums and greedy insurance companies feast on the tasty policies with a guaranteed 19.9% premium increase.

(http://www.autoadmit.com/thread.php?thread_id=5523653&forum_id=2#47625258)

Does homeowners cover hurricane damage? If so, how far from the coast are you? I'd self insure only if I had an ICF house. That's insulated concrete forms. They're Styrofoam Legos that you fill with rebar and concrete

(http://www.autoadmit.com/thread.php?thread_id=5523653&forum_id=2#47626221)

Homeowners covers hurricane damage ofs. Im 4 miles from coast at 22 feet above sea level.

(http://www.autoadmit.com/thread.php?thread_id=5523653&forum_id=2#47626499)

thats insane. i bitch and moan about property taxes but now with insurance sky high theres no 'winning' even with a low mortgage factored in

(http://www.autoadmit.com/thread.php?thread_id=5523653&forum_id=2#47625267)

As you may have expected, it is all orchestrated by scamming shitlawyers.

It's the Florida version of what CSLG does (which, is causing many insurers to leave California, which will soon be in the same situation as Florida, but w/r/t car insurance)

(http://www.autoadmit.com/thread.php?thread_id=5523653&forum_id=2#47625342)

The state purpose of leaving is the utilities are claiming they can't operate in CA due to fire liability for not maintaining infrastructure in remote areas of california that are most susceptible to wild fire risk.

In reality its a scam where all the carriers banded together to leave in mass in order to extract concessions from the insurance commissioner at which point they will all come flooding back in.

CA is the largest economy in the US, all the carriers want to operate here.

(http://www.autoadmit.com/thread.php?thread_id=5523653&forum_id=2#47626258)

Hurricane catastrophe coverage only, guaranteed 10% lower premium than the lib pussy insurers in Florida

If the houses all get destroyed, hie to the Cayman Islands with the premiums

(http://www.autoadmit.com/thread.php?thread_id=5523653&forum_id=2#47625296)

Instead, lenders require broad coverage with a low deductible to cover their ass.

The indirect consequences of this is must more far reaching than you'd expect.

Since the deductible is so low and the coverage is so broad, people end up using their home insurance for tons of shit that insurance shouldnt be used for according to the underlying principles of insurance (ie. insurance is "traditionally" intended to cover major, financially rouinous, risks).

Said another way, the low deductibles and broad coverage cause homeowners to use home insurance like a home warranty -- BIGLY driving up the cost for everyone.

It also facilitates things like the roof scam I referenced above.

I could go on, but you get the point.

(http://www.autoadmit.com/thread.php?thread_id=5523653&forum_id=2#47625317)

I got a quote for $13K.

never made a claim of any kind. you have to cop a fortified roof.

(http://www.autoadmit.com/thread.php?thread_id=5523653&forum_id=2#47625336)

Instead you know they're just going to s ay "well know Floridians are used to paying $7k a year so why would we lower it?"

(http://www.autoadmit.com/thread.php?thread_id=5523653&forum_id=2#47626283)

Le based meatball

(http://www.autoadmit.com/thread.php?thread_id=5523653&forum_id=2#47626274)

What's the number to your subscription department

(http://www.autoadmit.com/thread.php?thread_id=5523653&forum_id=2#47626583)