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Florida homeowners waiting for relief as insurance rates skyrocket
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My sisters went from 2000.00 to 10,000.00 does that seem reasonable to people? Seems like a scam to me.
I thought the one thousand dollars I pay here in NJ terrible.
I’m writing a book about Insurance…stay tuned.
Absolutely not
The insurance companies need to show management practices! Also why do not consumers get and credit for not filing claims! Insurance now is 10x or more a persons mortgage!
Such BS, We have paid into insurance all our lives. Their pocketing the money and now they can't pay to fix claims. Car insurance has skyrocketing, why is that? I have a great driving record. They are all crooked.
Estimated in my state that over 1 1/2 million have quit buying auto ins. in the last 3 yrs and rising! Its pure theft. Nothing else!
Yhe reason people are complaining is they will be homeless if insurance keep going up. All places IN FLORIDA are not in a disaster zone. The insurance hikes are ridiculous.
No all homes are not in disaster zones, however if you look at the flood maps the entire state is predicted to be below sea level in the future. It’s time to move.
So the inland ppl are subsidizing the beach front? That's messed up
@@Eddemnityyer gullible AF if u think Florida will ever be under water
Where’s Your Governor????
It is a one party State now, so leader can take off.
My ins when I bought my home was $700 now they want $3700 come on who can afford this on SS?
Desantos your king
Just more greed.
If my insurance doubles, I will cancel my homeowners insurance. I'm in my 50's and haven't submitted one claim my entire life.
Interesting, insurance companies do care if you’ve filed a claim or not. That’s not how it works. They are in the business of making/taking your money
I live in the poorest county in Florida and my insurance doubled 2 years ago and now it's trippled last year. I'm not in a flood zone or disaster area. I've never filed a claim. What's up with that?
The insurance companies claim they are losing money due to losses in other areas. They are making up the difference
I live in the Netherlands in a coastal town and am aware the risks are different from Florida. My insurance for my 350,000-dollar house is nine hundred dollars a year. I feel so sorry for you.
Will never come down. They will make a big deal of no increases for the year and until the next hurricane hit. Then it will be back to 30-40% hikes. The best solution. Move out
I’m curious if insuring the mortgage rather than the home is ever going to be an option.
No because some of us own outright and still need coverage
The home is collateral
Your Governor at work!
Yep, he's hard at work, while he's got 10s of .billions in his bank account, living comfy in a mansion!! This doesn't affect him.
For those that actually passed government and civics you'd know that he has no say nor ability. This is a LEGISLATIVE issue.
@@showtimeman5673 veto power
Insurance in areas prone to disaster is going up. In CA, insurance in the Sierras has risen dramatically due to fire risk. Do you blame Gov Newsom too?
Robbery
Called a customer to tell them of a rate decrease? What a stupid question! Nothing is going down, why would this? Homes cost more, cost more to rebuild, take longer to rebuild because of labor shortage.
Lies
That’s not the problem the insurance went out of business cause they wanted to hand all the business to the state insurance that’s all can’t tell me no different. 3:16
Home insurance was basically a very low bill to pay for years. Home insurance shot through the roof a few years ago. And I don't believe home owners should have to pay for people who live on the coasts or live on the Mississippi River, or mountain's area's prone to flooding. I live in an area that never gets flooded. Why should I pay for people that insist on living on high water areas year after year.
Im a rich entitled living on the beach and I demand that the poorer people living inland subsidize my insurance rates
I’ve lived in Florida for 65 years and never had an insurance claim and there’s a lot of people like me. Yeah we have some big hurricanes but they have never put out as much money as a claim to they get money from everybody. The hurricanes will hit one place so you know you got miles of damage that it don’t cost as much as they claim it does, what about the people who never had a claim in 65 years why are they having to pay for all this? They’re not going to file bankruptcy everybody just filed bankruptcy fuck them and their insurance rates. 3:58
Citizens decreased my rate. But soon after sent me a letter to tell me I had to switch to another more expense insurance company. I’m guessing they purposely lowered my rate so they can drop me. I’m no expert so idk, it was just very suspicious to me.
You need to read all the documentation on citizens, how it works and the need for depopulation
@showtimeman5673. Breed
The sound goes in and out.
It's crazy that insurance companies will take the money quickly however they will delay and try to deny your claim. Insurance companies don't want to help you. It feels like a scam.
All your rates are discriminatory all your rates are too high and you know it y’all just getting rich as quick as y’all can and then it took two years you’ll sell it to somebody else and they’ll lower the price but you already got rich off peoples back who lost her home I don’t give a shit if everybody loses their house, you could care lesswhoever is in there I’m that insurance company they need to all be fired. State needs to get a new management, including a new governor. 1:55
And our absentee governor would rather pander and wipe boogers on everyone he meets in Iowa
Not even remotely true and he has no say in this. If you graduated 9th grade civics, you'd realize the LEGISLATURE has this responsibility Not the governor.
@showtimeman5673 stop yes he does.
Your governor is more interested in monitoring kids urinals.
You did see the legislature instuted tort reform to control frivolous lawsuits? But feel free to continue to play the culture war. I believe Dems are actively celebrating NGBTQ+ rights for this month.
Governor took taxpayers money for his campaign. Well, he should be paying half of the insurance cost. FOR EVERYONE I’M SURE HE GAVE THESE INSURANCE COMPANIES TO WRIGHT TO RAISE IT.. 4:14
No it’s a politics and you know it. Everybody had to give money to the stupid governor of ours and he promised them they can make a lot of money back and I’m sure when you can make that insurance anyway, you want to and it all go to the state insurance that way he gets kicked back to, if you don’t prove it😊
I personally don't get why people are complaining. You live in a place that gets hit by natural disasters every year that costs billions of dollars. The rest of the country shouldn't have to make up the difference because of where they chose to live. If you don't like it, then move to somewhere else.
Kinda like flood insurance right?
@ BDHThe Exactly. Those people that live in New Orleans and parts of Houston do so at their own risks as well. I can't even get over the early settlers who decided to inhabit a place below sea level by the ocean. Let's just build a Levy so the water doesn't come in and see how that works out.
@@RonB2004 Correct!
And yet we subsidize their poor decisions.
I'm ready to create a mutual insurance company. If anyone if interested, reach out.
@@BDHthe America does this for everything these days. There's a reason our national debt is so high.
thought i was watching a womans weight loss bit....but I digress.
Insurance is up in every state. Its not just a Florida issue, but frankly, Florida is a peninsula in the subtropics. If you moved there not knowing the obvious, who is really to blame???
Insurance is state sponsored for-profit business. Kinda like NPR.
DumSantis
elder folks that move to florida for their retirements years will not be coming there anymore
Because the Yankee rich ruined the Florida economy. Yankeenomics.
Not remotely true
Yankees are not responsible for hurricanes, tropical storms, flooding and rising sea levels
Make it illegal for banks to require an insurance policy for a mortgage.
If that happens then banks won’t write mortgages for Florida properties and Florida housing will become cash only.
Insurance is the largest government scam going
Insurance is the largest government scam going
@xxxxMonkeyGirlxxxx That's fine by me. Banks aren't in business to sit on the sidelines, it will get worked out. Maybe houses really aren't worth what we think they are.
Can’t do that. Banks are essentially an owner. Why would a bank ever take that chance
Just like California is experiencing
Jackie, we are waiting to see action. I guess what everybody moves out of Florida. That’ll be the action then they can sell it to millionaires that’s what they wanna do anyway 4:14
$6000 a year for homes in paradise? It's worth every penny. You don't hear people moving away.
Actually you do, there are lots of videos on CZcams about people moving out of Florida because of the high cost of living.
Where're they moving to? Africa?@@Xx-po1fu
Lol😂
I disagree strongly because this is communism hahahahahahahahahaha