Florida's largest home insurer, Citizens, is looking to push policy holders into private companies. However, some homeowners are pushing back, and for some it's their right.
My windstorm went from $4000 to $7000. A $3000 increase. We can not pay that, plus $1500 for homeowners, plus car insurance increase. Where is DeSantis? Forget the WOKE, help us afford to live in FLORIDA !!!
In case you hadn't noticed, he doesn't really care. His solution was to make it harder to sue insurers who don't payout their claims. Not sure how that was supposed to help. I guess he's too busy fighting Disney and banning drag shows to worry about actual issues.
And to top it off, desantis screwed over homeowners when he got rid of the attorney fee statute that penalized carriers for delaying the claim process and dragging out the litigation process. Now claims can take forever and it wont cost the carriers any more money. Way to go Ronnie!
I was told to remove solar panels off a roof ..to replace shingles it will cost around 17 thousand bucks..so I can see why the insurance companies .won't cover the work..or why would I install panels ..on my roof..if I have that kind of expece..
I just asked my insurance company to insure me for what i owe on my mortgage. Not for some ridiculously over inflated replacement value. Because really, when would you need to replace your entire house slab and all?
I insured with citizens in May 23 I got my letter telling me slide wants my policy , we’ll slide is who I had they wanted 11 grand and wouldn’t budge. Now it’s about 6800. But what they won’t tell you is how much in a year the renewal cost is I had slide for 2 years started at 6g then went to 11. Now being tossed back. This sucks
Sell your house and go live somewhere else cheaper if you cant afford insurance or pay your house off and do without ins. After all the weather down here is very quiet and there is nothing to be concerned about with the weather . Right ?
Homeowners Insurance is a scam!!! Citizen was made by the state to help Homeowners afford insurance. Now they're raising their rates!!!! ITS A SCAM!!!! Governor is too busy playing with mickey😡.
It's cheaper to self-insure. When you think about it you realize Insurance is basically a second mortgage. You pay the value of your home every 10 years or so in premiums. At least here in Florida. If You put that money in savings you will collect interest on it. On average once every 10 to 15 years you might have to spend. 10 years of insurance premiums is about 50 to 70 thousand dollars for most of us. Claims will unlikely be that much. They pay a fraction for depreciation. They wont insure you unless you have a new roof every 10 years. You likely wont won't have to do any repairs cuz they're forcing to do maintenance earlier than necessary.
@@maggieke4387 Many people re-fi or take out home eq loans adding more time to pay off their loan. When deciding on a loan take the shortest term you can stand. 10 or 15 seems to be the sweet spot. The difference between steps become minimal at that point. Me for example, the difference was $125 a month between 10 and 15 year and $75 between 15 and 30 year. 75 dollars less to add 15 years is not a fair deal. I went with 10 on my last loan. I kind of regretted not going the 15 year, but the loan is over now. Now I am free of all the BS. Do your time and get it over with as fast as possible. Insurance is not what it used to be. I now have liability, because I was sued over nonsense. With all the personal injury scams every one is looking for a free ride.
@@maggieke4387 and a majority of mortgage holders eventually pay off their loan. If they choose not to refi or take out a home equity loan. You want to blame the world. Go and blame the world. But you are responsible for your own destiny
@@eddyravelo887 yes there's always a better option than voting for fascist. Look at the free market yet little mister putting figures wasted millions and billions of dollars going after Disney because it hurt his feelings.
This has been a problem for years as much as I support our govern he has done nothing to help us , he talks about more companies coming to Florida but that won't help auto insurance companies are raising rates freely.
He has done absolutely nothing to help us. If anything, he has done more to harm us. Homeowner's insurance, auto insurance, and Light bill have all gone up under him. FPNL gives him campaign money, so if course he's going to approve their price increases.
@@dubonett8239incorrect under Biden inflation has raised costs all across the country in every way imaginable. Why would Home and Auto Insurance not go up also and stay the same as pre Biden prices.
Well it has become expensive to live in Paradise that most of the U.S does not have. In florida it’s lovely and filled with sunshine ☀️ most of all the year. While the rest is coated in snow for 7-10 months of the year or cloudy grey and raining with cold weather like in the North East. Florida has been on the more affordable side for far too long. It should be a lot more expensive to buy homes than it has been. Biden’s inflation over the last 3 years hasn’t helped either. People with fixed incomes or the low paid should move to cheaper, colder states that the 1,100 people per day that can afford to move to Florida are doing. Supply versus demand also drives up prices in Florida. With a large population of 23 million people probably much more that are illegal.
FL has billions in budget surplus. Ronda is playing hickey with Mickey while voters keep voting for him and legislators. When will they wake up not woke up?
What an ignorant comment. Insurance companies are FLEEING the state in droves. They are simply tired of being scammed by Florida homeowners who have an old, worn-out roof that's 15-to-20-years old and think their homeowner's policy is supposed to pay for their brand-new roof. Florida courts and regulators have been siding with the homeowners. The insurance companies are losing money on every policy they write, so they're leaving. When we are left with NO insurance companies the Florida taxpayers will have to buy everyone a new roof every 10-to-15 years from now on.
The building or buying of a house in a state surrounded by water with shorelines/beaches below sea level with insurance companies charging premiums prices for the cost of insuring personal properties, homes, and businesses against the eventuality of wind damage, flooding, or destruction by natural disaster has nothing to do with sea level rise or global warming.
The new post Andrew building codes mitigate that risk greatly. Also Florida passed a law requiring flood insurance on all properties even if they aren't in a flood zone. This is to socialize the bad decisions of people who did buy in a flood zone.
You live in a business friendly (RED) state and now you complain about capitalism when you get hurt. You may not be woke but neither are you smart. Just stop and think about the choices you make.
Inrurance rates are based on the characteristics of you home. The bigger and nicer the home, the more you should expect to pay in insurance. Also FL is the most vulnerable state in the US for catastrophic perils and it drains capital from Insurers. You either move out of FL or get a less expensive home to rebuild and a more current building codes or retrofit your home. Insurance is in every part of our lives and it is up to us choose what is important without sacrificing comfort. You go with Luxury expect to pay the cost for it.
Not really it’s more like Tornado alley. States like Alabama,Georgia,Kansas, we lived in Minnesota for 22 years and because of environmental reasons we got hit 4 times that we had to do claims from a damaged property. Hail, tornadoes and freezing temperatures made the pipes Burst destroying half the house. In florida for a few years and absolutely nothing happened. It depends where you choose to buy a home. Buy cheaper houses and they usually are in areas that get more storm damage or flood damage. More expensive enclaves are usually in places where they suffer way less damage if any. Unfortunately for the more middle class but true. Places like Ft. Meyers in florida where houses are not that expensive and any areas in the the South West get hit hardest. My aunt lives in St. Pete right on the water. Never had been hit not even once in the 25 years she has lived in florida. Not even close to her area. Storms always venture away from her more expensive area.
I'm in Broward county, live 10 miles inland and will pay over 10K this year for insurance. This is roughly the same as residents who live out on the beach in similar houses. Something tells me that people like me are subsidizing the fat cats who live on the water.
Gov. Ron DeSantis had an opportunity to side with the consumers who voted for him. Instead he sided with the insurance industry because they funded his electoral campaign. He knows people will still vote for him.
Yup and the fools that just vote red every time because of the scare tactics. None of red side has done anything for any of them. Every time the red is in office something always crazy happens and like 911 or covid 19
He will surely get voted out if he runs again (since he's not going to be president). But Florida is so ridiculously gerrymandered, it might not matter much.
He's always been a globalist is conservative clothing. He could easily eliminate electronic voting machines with a signature but he doesn't. He could do battle with the teachers union destroying our education system but he doesn't. He signed this horrible insurance legislation written by insurance lobbyists for the benefit of insurance companies which is more proof.
Not really it’s more to do with pure greed. We are not in any way a Hurricane prone area in florida and Citizens dropped us too. It would have been a year earlier had DeSantis not made a law that the insurance companies can not drop its clients after a hurricane in the state occurs for up to 1 year later. Without him we would have been dropped last end of October.
I'm guessing you don't live here. I live 10 miles inland, far from any flood zones, and my $10K insurance bill is helping to subsidize those "big expensive houses in risky areas."
This is like an auto manufacturer saying we are not making any more automobiles and the buyers saying here is what we will do , we won't by any more of there autos.
The state shouldn't even offer this scheme to homeowners since they are well aware of the option to refuse it is there for homeowners but homeowners may not know about their options. Just another Republican scam.
When Flordia pays 400,000 to a person who use to be in ethics to harrass disney. Flordia no matter your political stand. Your paying for nothing more then a youtuber in office. With zero results or fan base.
You Democrats don't even know which bathroom to use. You sick degenerates support pedophilia and all the Trans garbage. You want to take away free speech, destroy the 2nd, and allow criminals no cash bail and to defund the police. I can go on for at least 2000 words. Both parties hate us, but 1 is the lesser of the 2 evils.
Let me guess your biased and a Democrat / left winger? 😂 what does the Governor have to do with insurance companies not wanting to take on more risk in a state that has hurricane damage in an area that’s prone to it yearly? I’m sure you are also the one that says Biden has nothing to do with gas prices too right ?
Did you ever take a moment to see what books were "banned" in elementary schools? Highly doubtful otherwise you'd STFU about them. That or you're a pedo
Ha! Cake is hardly on air and they booted Cash out the door!!! This home Insurance market is a disaster in Florida. WPTV lost my viewership when they hired all these 2yr collage grads as media personnel to just look sexy on camera and read a teleprompter. Place is a joke like the rest of Florida!!!
Our mortgage went up $500 because our roof is over 10 years. Any roofs over 10 years have to pay double mortgage even if your roof is in prestine shape! This puts Floridians in a very very bad way. Many many people have “packed up and moved!”.
@luke184lisa I live in FL and my roof is 12 years old. I don’t pay a “double mortgage” as you say in your comment. When I got a re-quote for my homeowners insurance (Citizens) it went down $115 for the year!
