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The home insurance crisis in Florida 

ABC Action News
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Right now, Floridians are dealing with an insurance crisis. This week two insurance companies asked Florida for more than a 50% rate hike. Reporter Nadeen Yanes took a deeper look as to why. Plus, our panel consisting of our Janelle Irwin Taylor, Publisher of Southeast Politics and Dr. Susan MacManus, our political analyst is here. We discuss if lawmakers can solve Florida’s cost of living problem, the 2-year anniversary since Russia invaded Ukraine, and more.

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28 сен 2024

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Комментарии : 95   
@Bradimoose
@Bradimoose 7 месяцев назад
Lives an a mansion "we're on a fixed income" lol
@jer1776
@jer1776 7 месяцев назад
Meanwhile most Gen Z/Millennials cant even afford a condo
@saidtheblueknight
@saidtheblueknight 7 месяцев назад
Not that hard to believe, it mentions right in the beginning the owner was with that company for more than 20 years. So presumably those people bought the house decades ago while they were working, they paid it off during that time or have very little left and are now retired and enjoying their hard work.
@Bradimoose
@Bradimoose 7 месяцев назад
@@saidtheblueknight so how is that a fixed income? Investment returns aren’t fixed they fluctuate
@kenmoreSF
@kenmoreSF 7 месяцев назад
with a pool and probably a guest house too.
@tofuyam7361
@tofuyam7361 7 месяцев назад
We been scammed by the artifical housing constraints with single family home zoning and these mini-mansions.
@iwishpeoplecaredagain
@iwishpeoplecaredagain 7 месяцев назад
Got all this money to help out of country wars and newcomers coming our nation getting 10,000 gift cards. Let us keep our money. we don't want your high insurance bill. Many are on a fixed income. When you raise our fixed income maybe we'll pay. I'll keep my money. No middleman needed. This isn't right.
@MichaelBrown-ny3et
@MichaelBrown-ny3et 7 месяцев назад
One more storm. If you own a condo you better dump it before next year.
@UncleDavesKitchen
@UncleDavesKitchen 7 месяцев назад
People moving to Florida need to buy house boats
@Chinaglo24
@Chinaglo24 7 месяцев назад
That what I did I sold my condo very happy I did never again.
@michaelangelo7511
@michaelangelo7511 7 месяцев назад
Looks terrible to me. An endless field of rooftops with minimal nature, no privacy and surrounded by other humans choking the life out of Florida. Is that termite mound in this picture supposed to be inviting? I surely think not.
@johnamacio4905
@johnamacio4905 7 месяцев назад
There is a premium for paradise
@williamfernandez1241
@williamfernandez1241 6 месяцев назад
Florida is hardly a paradise
@vincentrockel1149
@vincentrockel1149 7 месяцев назад
The Ukrainians listened to the us who pushed for Ukrainian membership in nato. If they had had any kind of intelligent leadership, they would have realized exactly how things would play out. This debacle was avoidable and is mostly caused by the neo-liberal policies of the us government. I don't support more arms, l support a resolution to the problem. Something the us government doesn't want to do. These people represent the oligarchy that has taken over this country, not the citizens.
@xa0wnerx
@xa0wnerx 7 месяцев назад
I have never seen anyone under the age of 50 on any of these videos lol.
@Dallas-wu6st
@Dallas-wu6st 3 месяца назад
The Federal Government needs to take over the Home Insurance industry. Private companies DO NOT WANT THE RISK! So let FEMA take over home owners insurance like they did for flood insurance. The American people need something to be done. People are losing their homes because of ridiculous insurance premiums just skyrocketing out of people’s ability to afford it. That is if you are able to find an insurance company willing to write. Congress please help the American people!
@joe47771
@joe47771 7 месяцев назад
lobbyists gonna lobby
@richardim499
@richardim499 Месяц назад
Go bare , that's x3 canes in 3 years hit TB, Tallahassee, cleanup is costly, but is it fair FLA sends police patrols for Texas's border problems? Park your car at least the front wheels uphill on a jack or ramp and just get liability, the house market has to balance the situation by lifting homes off the ground and elevated parking not raising rates and mind games
@DavidPerez-oj2dv
@DavidPerez-oj2dv 7 месяцев назад
start building off the ground because they build houses on the ground flooding is what you get
@ICallItAsItIs
@ICallItAsItIs 6 месяцев назад
The executives of these insurance companies need to buy more private jets and yachts.
@dennisdragomir7572
@dennisdragomir7572 7 месяцев назад
Try dealing with a HOA... double your fun
@UncleDavesKitchen
@UncleDavesKitchen 7 месяцев назад
She's retired, she may have to go back to work.
@kenmoreSF
@kenmoreSF 7 месяцев назад
why? she owns a mansion with a huge pool and probably a hefty investments. Looks like she's doing ok and doesn't look like she missed a meal.
@leftylou6070
@leftylou6070 7 месяцев назад
MacAnus needs to retire and move to New York.
@bobdole27
@bobdole27 7 месяцев назад
You will own nothing and you will be happy
@RomaSF
@RomaSF 7 месяцев назад
No body complains when house prices double.
@dennisdragomir7572
@dennisdragomir7572 7 месяцев назад
except new buyers
@RomaSF
@RomaSF 7 месяцев назад
@@dennisdragomir7572 true
@jaybartgis5148
@jaybartgis5148 7 месяцев назад
Laughs in first time home buyer
@jeffreycheng5984
@jeffreycheng5984 7 месяцев назад
Own nothing and be happy!😎
@williambirmingham1074
@williambirmingham1074 7 месяцев назад
Who pays 295 annually for insurance? Really?
@johnnewby2043
@johnnewby2043 5 месяцев назад
Or $450 annually?? Right
@butterfly21375
@butterfly21375 7 месяцев назад
Florida is sinking.
@UncleDavesKitchen
@UncleDavesKitchen 7 месяцев назад
Yes, it is. When the Doomsday Glacier lets loose most of Florida will be part of the Atlantic Ocean.
@newkirk7591
@newkirk7591 7 месяцев назад
that blonde lady is definitely a trumper, to say fuel and food is a bigger problem than a 59% increase in property insurance is absurd.
@johnnewby2043
@johnnewby2043 5 месяцев назад
My food and fuel increase the last three years far outweighs my insurance premium cost & cost increase...by far
@ar3421
@ar3421 4 месяца назад
@@johnnewby2043 My insurance premium increase the last three years far outweighs my food and fuel increase. -...by far
@jer1776
@jer1776 7 месяцев назад
I feel bad for the people with mortgages who have no choice but to buy a policy.
@xtrey19x
@xtrey19x 6 месяцев назад
You talk as if most people can afford to self-insure. Sure they can self-insure as longs as the house doesn’t burn down or is blown away in a category 5 hurricane.
@CrashOutTiming718
@CrashOutTiming718 4 месяца назад
You have to be outve your mind to get stuck w a mortage down here 😮
@will-l2g3t
@will-l2g3t 7 месяцев назад
rates are based on risk.
@johnnewby2043
@johnnewby2043 5 месяцев назад
And replacement costs...so it has to go up... and they printed $10 trillion dollars.. so it has to go up
@SgtJoeSmith
@SgtJoeSmith 7 месяцев назад
everyone is on a fixed income. unless you own your own business. which is often worse than a fixed income. so whats your point about being on a fixed income? I'm on a fixed income yet employees want higher pay. so tell employees no they cant cause im on a fixed income
@nickwinn
@nickwinn 7 месяцев назад
America first, we need to stop giving away money to every other country in the world.
@jerryjones4971
@jerryjones4971 7 месяцев назад
Corrupt Governor = Corrupt system.
@callmeishmaelk767
@callmeishmaelk767 4 дня назад
What's the surprise, basically everyone has to essentially rebuild their house every 30 years, that costs money.
@donalddouglas5988
@donalddouglas5988 7 месяцев назад
If you can afford a beach front home in hurricane alley you should buy one. But you should not expect home owners on higher ground to subsidize your insurance.
@dwaynejava
@dwaynejava 3 месяца назад
These increased claims.... are they from..... climatte change?
@kawaiiButterfly-t8d
@kawaiiButterfly-t8d Месяц назад
It's a combination of greedy insurance companies and scammers messing it up for everyone
@JohnnyBeitia
@JohnnyBeitia 6 месяцев назад
"PANAMÁ 🇵🇦 R ELOCATION TOURS!! WITH JACKIE!!😊🙋👍🇵🇦❤️👈"
@imanoleonardo6902
@imanoleonardo6902 7 месяцев назад
The cloud over the sunshine state is our insurance crisis. Much of this has been caused over the years by our legislators. As far as cost drivers, the excessive litigation is again part of our legislatures inability to act. When you take away the policyholders remedies to resolve a dispute and only leave litigation why would you expect anything else that insureds use this method. The non litigation- appraisal clause had been an insurance policies for over 100 years And now it’s almost impossible to find policies that contain an appraisal provision for resolving disputes. The fact that insurance companies have gained a reprieve from litigation only emboldens them to behave badly. Nobody speaks about the elephant in the room including this news outlet.
@JohnnyBeitia
@JohnnyBeitia 6 месяцев назад
"5 REASONS TO GET PANAMÁ 🇵🇦 RESIDENCY!!😊 🙋👍🇵🇦❤️👈"
@heaven-is-real
@heaven-is-real 7 месяцев назад
insurance is evil
@CB500Xoo7
@CB500Xoo7 3 месяца назад
Florida here, south Florida. Actual insurance cost is over 5k annually. Wish they would of reported more realistic price not 400 a year which I’m sure they had to search hard to find someone paying that little.
@jsch9173
@jsch9173 7 месяцев назад
What entitlement, what whining! If you can’t afford the insurance, sell the house or get a fricking job! “But I’m retired.” It’s particularly galling because this woman just had a claim. Home insurance is a privilege, not a right.
@anniesshenanigans3815
@anniesshenanigans3815 7 месяцев назад
Tired of this 'fixed income' whine... everyone is on a fixed income. The only people that should be saying that is the people living on Social Security alone. they truly ARE on a fixed income.
@pauldietzmann5610
@pauldietzmann5610 6 месяцев назад
Move to a state that dont have high risk then ND
@pauldietzmann5610
@pauldietzmann5610 6 месяцев назад
You live in a state that has water everywhere thats the price u pay
@ernmydollars8325
@ernmydollars8325 7 месяцев назад
These insurance giants needs to be audited follow the fucking money and we’ll see where the problem lies and it’s most likely in the pockets of these institutions
@iwishpeoplecaredagain
@iwishpeoplecaredagain 7 месяцев назад
Bingo
@user-ku7sz2il8f
@user-ku7sz2il8f 7 месяцев назад
Pay cash. No insurance necessary.
@jamesemick1452
@jamesemick1452 7 месяцев назад
How did you think , "you will own nothing , and like it" was going to happen
@Ed-lw9xf
@Ed-lw9xf 7 месяцев назад
I'll say this again and again! Let us insure would we as homeowners, Insure what we would like to insure on our house and Property at the amount WE want. Period wy are there requirements by laws. Example auto insurance with only with PIP and Liability. Please help me with this question.
@faepage5157
@faepage5157 7 месяцев назад
If you have a mortgage the banks dictate the coverage. I’m mortgage free and honestly would prefer fire and liability only. I have friends who live on the water and decided to self-insure, scary!
@anniesshenanigans3815
@anniesshenanigans3815 7 месяцев назад
right now the only option is self insure. Insurance companies are in it to make money not to help you or me. If I could only get the 'liability' type that is what I would do. At present with a small mortgage left to pay, they are gouging me for over 6k a year for various 'required' insurance that has so many clauses and exclusions I am surprised they are not embarrassed to write it.
@faepage5157
@faepage5157 7 месяцев назад
That’s super cheap insurance premium even with 54% increase!
@davidwright873
@davidwright873 7 месяцев назад
450 bucks?....yearly?.....I pay that monthly for med insurance!! wow..that is cheap!!
@bobdole870
@bobdole870 7 месяцев назад
It’s confusing because it says “dwelling fire” on that list. Not sure why they’d use that specifically. I pay $100/mo for a tiny place in Iowa.
@faepage5157
@faepage5157 7 месяцев назад
@@bobdole870 I’m in Florida, 3miles from the beach, non flood zone and for Full coverage package policy I’m paying $3,699. a year and I expect it to increase at renewal in May!
@anniesshenanigans3815
@anniesshenanigans3815 7 месяцев назад
yes I pay 825 a month to cover my insurance and taxes. She is getting a STEAL of a deal.
@zsdjr1
@zsdjr1 6 месяцев назад
My insurance company is dropping us in June. Looks like we'll be on Citizens. Since we bought this house in 2020 it's gone from 3500 to 6k. Now they are dropping us and it's looking like 7500-8k a year on Citizens
@CaliforniaMISC
@CaliforniaMISC 7 месяцев назад
sell homes and move to cheaper states
@lateblossom
@lateblossom 7 месяцев назад
This is just not sustainable. The whole system is going to melt down.
@JaredMerlin
@JaredMerlin 7 месяцев назад
I am SO glad I am leaving Florida. I HATE this state! This is not The Sunshine State anymore, it's HELL!
@quartytypo
@quartytypo 3 месяца назад
Reparations for homeowners forced out of their homes because of rising insurance.
@mkeen1808
@mkeen1808 7 месяцев назад
I live in a much smaller home with no pool. My insurance is $900 a year in Pa. I would love $450 per year.
@dennisdragomir7572
@dennisdragomir7572 7 месяцев назад
I was offered $14,000 premium for $100 grand coverage in Key Largo
@monarene44
@monarene44 4 месяца назад
that's insane. get a camper for under $10k.
@MR..181
@MR..181 7 месяцев назад
Who knew thieving hoas and insurers .value gone. .
@JoeJoe-tg3ed
@JoeJoe-tg3ed 7 месяцев назад
On behalf of ABC action news, the anchor said America likes to help(take advantage) of other countries when they are hurt bad.
@lotushealingsanctuary
@lotushealingsanctuary 7 месяцев назад
Illegal. All flagrant illegal. Insurance companies should not be allowed to be in business in states where they are greedy and in bad faith to their customers.
@JamesJohnson-sl3ui
@JamesJohnson-sl3ui 7 месяцев назад
Wow this guy is very partisan. Is he a news anchor or a leftist political activist?
@RBzee112
@RBzee112 7 месяцев назад
Because the issues politicians talk about don't effect my life, but insurance does.
@kenmoreSF
@kenmoreSF 7 месяцев назад
I thought of the same thing when I saw that. Dude has some serious TDS. People don't want to watch anchors who read news and take some cheap jabs with their political views. What a d-bag.
@davidwright873
@davidwright873 7 месяцев назад
Homeownership.....lol....the American Dream!! lol....
@blackwinter12
@blackwinter12 7 месяцев назад
If Europe is weak, that's better for us.
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