Gov. Ron DeSantis sounded the alarm on citizens last month, saying if a major storm hit Florida, the insurer of last resort wouldn't be able to pay up.
We dropped our homeowners insurance. We take what we would have paid for insurance and put it in savings. Insurance premiums are insane, and you’ll never see that money again. Screw them.
That's what a lot of people do once their properties are paid for, drop insurance and take those funds, place it into savings every month. Plus some areas have the double homestead exemption, other property tax decreases or overall stops under certain circumstances. We got a nice refund surprise from our lender last month since we went to the tax assessor's office, claimed the double homestead exemption. So between much lower to non existent property taxes, no more mortgage, a lot take both of those funds, place it into their own account every month for the just incase. A lot of people even choose to not have their property taxes, insurance as part of their escrow, they pay each directly.
my Florida home insurance went from 4K to 8K in last two years - auto insurance is almost 4K for two cars with no tickets or claims in over 30 years - I am now forced to work full time until I'm dead - Sick of hearing this is the Free State of Florida on the radio - Nothing is free anymore -
@@Cmunic8 Those kicked off the bailouts and inflation. Remember Nacy getting her hair done when all the salons were being forced to shut down? gyms and restaurants being closed in NYC?
50 years ago people built summer cottages near the water on stilts and then closed them up and shuttered the windows . Today in out 2 class system millionaires are building million dollar homes 100 ft from the water and in flood zones by canals . Our insurance shouldn't go up for these people , let them pay .
Our house was built 50 years ago on a canal off of Tampa Bay in a solidly middle class neighborhood with a mix of single family homes and mobile homes in the area - we're not rich. But our house has never flooded and we've never had an insurance claim. We replaced our roof when it was time and paid for it ourselves. So why has our flood and homeowners' insurance risen so much? The risk for our home is no different than it was 25 years ago when the insurance companies insuring our home were making good profits. I feel like the insurance frauds who file plumbing, roofing, and liability claims against their insurance companies are driving up the rates. I don't mind paying flood insurance, but why is homeowners' skyrocketing?
@@deepsea631 Some areas are experiencing flooding because the contractors came in and cut down all the trees that would absorb the rain water and thats been the complaint from some people who never had a problem . That said you're 100% right on the fraud . Our roof looks like new and is 16 years old yet we have contractors knocking on our door every month telling us we can get a free roof .When we lived in the Northeast we had hail storms and ice and snow on our roofs 4 months out of the year and nobody got a roof replaced .
Those are the years where they actually made a profit. But instead of hold some of that profit in reserves, they paid their CEO, bought back stock and generally made rich people richer while screwing over the middle class. Now the only way they can make a profit is to over charge and DENY CLAIMS.
Blame everyone for that. Homeowners have had no problem with the values of their homes going up. But they don't want to pay the increase to maintain and keep them. Greedy. Any ocean front property IMO should be paying much, much higher insurance than everyone else. Insurance companies have spread it out to everyone but those living in much higher risk areas should be paying the much higher insurance costs.
@@tringuyen7519 5 years ago, my parents house was worth 80k on zillow estimates. A house flipper remodel a similar house and selling it for 320k across the street.
Unsustainable. I'm not talking about home insurance.I'm not talking about environmental issues. I'm talking about this society in general. We're screwed.
That’s not true. It’s not the government responsibility if you can’t afford it where you live then move. The government helps everyone in California, try there. Wait, California only helps criminals and illegals. Ok, try Mississippi
@@user-wm3tt3oq1pWhat makes you sure Florida “economic system” of massive amounts of employers using off the books workers isn’t exactly the same as California? It has been generations of residents from other states expecting cheap groceries grown in Florida and cheap vacations in Florida while the cost of social services and infrastructure locally in Florida are harmed by off the books employment practices! BOTH political parties have for generations in Florida tried to get federal government to do something about cheap foreign labor pouring into our communities and driving down any hope of living wages!
Not much he can do. Insurance companies are also pulling out of CA due to the riots that destroy businesses and the risk of fires and earthquakes and yet their governor does nothing either.
He has done about as much as he can do, you cannot mandate fixed premiums, the companies will pickup and leave. Then what? He has invested $1 billion for companies to stay, providing some security. Is it the best thing? Its not, but premiums are sky rocketing everywhere, its a national issue, not just Florida, just higher here because higher risk of total losses due to natural disasters.
@@dlbracer56 No thank the Republican Party. The taxation of Social Security benefits began in 1984. This change was part of the 1983 Amendments to the Social Security Act, which were signed into law by President Reagan in April 1983.
Home insurance up 100% Auto insurance up 50% over last couple years. No claims by me but huge Law Firms claiming Billions collected is where control can be achieved BUT who pays the politicians with all that money?
You hit the nail on the head with law firms collecting stupid amounts of settlements. Just another example of the leaches gorging themselves at taxpayer expense!
One if the problems are people who don’t keep up with home repairs, like roof maintenance. Instead they wait for a named storm and then claim storm damage. My neighbor sat with a saggy, leaking roof for years, waiting for a storm. Nicole was her ticket to a new roof. As her neighbor, I can tell you we barely felt a breeze, but it was named, so it counted. She got her new roof. Meanwhile people like myself and my other neighbors went the honest way and kept up with maintenance and replaced worn out roofs on time. I would like to see discounts for people who can provide proof that they’ve kept their home maintained.
@@user-zo9ld9jo2q 🤔 savings…personal loans…heloc… 401k if necessary…some companies will finance it. Many repairs you can do yourself. Roof maintenance isn’t expensive and should be done every few years. It will save you more costly repairs further down the road.
False logic. Insurance companies prorate a roof based on age. If they had an old roof then the insurance would not have paid for a complete replacement. Get your facts straight before trying to influence others.
@@GransomHayes_author she waited for a named storm, made the claim and got a new roof I don’t know how old her roof was but the shingles didn’t look all that old. She had a roof leak that she said was from an animal. If she had paid for that leak to be fixed when it happened, it wouldn’t have rotted the plywood underneath. But she decided to wait for a named storm to blame it on. It took three years. Meanwhile, the roof rotted and sagged at that spot and she had ceiling damage inside. I don’t know what else to tell you. According to her, the insurance company paid for the new roof. She bragged to me and another neighbor about it.
Desantis got 9MILLION dollars from every seat down insurence companies + a golf course interactive game. For him not to complain about the raising PRICES.
@@rpdrpd4153didnt have this problem when democrats ran florida in the 80s and 90s this started around 2004 whe n repubicanss let insurance companies slip it in
@@Hymz-kx2sg You drunk or high? Your comparing life in Fl in 80's and 90's to today? As early as 2019 or 2020, right before the pandemic, economy was booming, homes were affordable, everything was more affordable in Fl.
I have a REAL HARD TIME paying for insurance that can only really assist Southern Florida because they get the worst of the worst storms. Yes we get them up here in Tampa also but not catastrophic YET they want us who have fewer risks to pay for people that are aware when they purchase that they are high risk. Here is an idea MAKE THE PEOPLE IN THE HIGH RISK AREAS PAY higher premiums I have been here for 20 years this November and have never had to ask for insurance to pay anything. By our estimates we have paid over $100K over time and never gotten a cent of it back because of NO CLAIMS. Maybe they need to look at this a different way ya think?
We all had to pay for Cuomo locking closed gyms and hair salons. Did you mind paying for that? Pay your mortgage off and you can be free of your insurance.
"Where ever sea levels are rising along the coasts, it creates insurance risks." Senator Whitehouse (D) believes that the sea level rises in some locations but not other locations. Somebody please tell Senator Whitehouse (D) that the entire sea is connected and therefore cannot selectively rise in only certain locations. If it rises in Florida, it will be rising in Rhode Island also.
Wherever a storm comes ashore the first claims for relief under an emergency declaration will be filed in Palm Beach County ... that's a well-oiled claimant machine.
Repeatedly rebuilding homes and communities in flood prone areas and areas clearly being impacted by the rise of sea level, land subsidence, and/or climate change is foolish. And expecting insurers to just suck it up is idiotic. The simple reality is that taxpayers have been subsidizing the coastal real estate industry for decades -- and now that homeowners are faced with actually paying the true cost of insuring their properties, they're finding it's unaffordable. Mother Nature is going to win because she's bigger and badder than any sea-wall, elevated construction, or earthworks you can construct.
My insurance jumped $800 on one home per year, and $300 per year jump on another. I cancelled my homeowner's insurance, and made my "installment" on the other house of $1,200. The next installment is in June. But in June I will be switching it down to liability only, which the insurance woman said would be $500 a year. The rates are insane. My friend's insurance went from $8,000 a year to $18,000 per year without warning. She got them down to $12,000, but ended up selling the home. With the proceeds she paid cash for the smaller home, and now has a choice as to whether to have insurance or not, or what kind. Too many have no choice but to sell their homes as insurance is untenable.
This is sickening and the shame of the Federal Govt is real. They put TRILLIONS to overseas wars and billions to illegals All are sickening it happened here in sc when Hugo hit Some can't get insurance at all due to the rates It's our taxes they are spending and it should go to us with them making better laws Nope they just keep frigging taking My heart is with all Floridians getting shafted
@@PhrontDoor People with a lot of money. Investors bought it, as it sits on a canal, has a swimming pool, boat dock, and is huge and beautiful. They are going to redo the house and re-sell it. By our standards, it is hard to understand these kinds of insurance numbers, but there are homes that sell all day long to the upper financial class that make this home look like a hovel, and whose insurance rates are three, four or five times the amount. I can't get my head around it either, but then I don't live on that level, either.
I am being forced to do this by the double digits rate of increase every year of home insurance. May buy out of hurricane states if I want to avoid not having insurance in my smaller paid for home in the future.
It really is important, do you want a generation of kids growing up, questioning their identities, mental issues, etc etc. Do you have any idea how liberal states/cities push this, relentlessly until you are brainwashed(Lived in ultra liberal, Madison, Wisconsin) and had to move because of it. What could be more important then the next generation? All these things are important, insurance is important, its not any easy solution. Inflation caused by your good Ol President Biden plays a huge factor in increases in premiums, inflation = more for homes to be repaired after damages, which equates to premiums being higher. It will take some time to normalize for sure.
Ask to raise their rates???? Insane to even think the solution is to raise the insurance even more than what we pay now. Double and triple and the last months in top they lower coverage. Now days that they don’t cover 100% roofs anymore and this year many insurance companies only offer insurance if you drop hurricane coverage… where are we going to end up? Pay another mortgage premium rate to cover what??? Appliances??
I have lived in FL for over 40 years and I’ve never had to file a claim. I live less than a mile from the beach off the gulf coast. This is happening because all of the bs claims that were fraud. More hurricanes means more claims… if the insurance companies aren’t sending adjusters to validate the claim then we’re all getting screwed with higher prices. Why do people live within tornado alley? Why should they be allowed to make a claim while others cannot? I’ve paid more than my share.
Between house and car insurance increases I have 2K more expenses a year. Living on $1451 a month social security. We who live in less vulnerable areas of FL should pay less and those who choose to live on the coast pay higer premiums that match the risk. They already pay higher premiums but it does not make sense to Continue to raise those of us who are not in the direct paths of these catastrophic storms.
Citizens should provide their financial records, encompassing expenditure details and the compensation package of the CEO. Despite consecutive years without significant weather events, insurance rates continue to rise.
Our Governor needs to pull his head out of the sand and deal with the real issues facing his constituents and stop chasing ideology. If not, he needs to find another job.
Remember kiddies it’s all one big money grab. Where did all of the profits go from the previous 50 years of paying into the system. I know we had big claims in Florida but not to the tune of what they are charging us for the past 50 years of paying in.
Easy fix: Officially change the state name to either Ukraine, Isr@el, or Taiwan. The billions will start rolling in with bipartisan support of the feds.
I went from $355 HOA fees to over $1000 in HOA fees. All because insurance went up. I think what we all should do is stop paying our homes, go to foreclose and declare bankruptcy
I have had State Farm since 1994. I now have 2 houses in 2 different states. By my estimate I have paid State Farm more than $80K in home insurance alone. Car insurance is another $1800 year in the state of FL. I have never filed a claim but believe me I would not feel guilty if I had to file a claim.
I am going to have to sell my home in Florida and move to a non hurricane state to be able to afford home owners insurance. Florida has become a place for only rich people.
Insurance in Florida is in serious trouble for some of the prime reasons as follows: Real Estate claims are numerous in Florida compared to other states for more than bad storms - many claims which go to court should never have the ridiculous claims paid - lawyer and judges benefit from this excess litigation; re-auto insurance - due to lack of enforcement of the worst drivers in the USA there is an excess of auto claims - one only has to get on one of our major routes like I-75 to note reckless drivers going by every few seconds.
Roofers and homeowners who got new roofs caused this. Insurance companies were getting sued left and right and lost money. Now everyone has to deal with the consequences because of a few bad apples.
My home built in the late 80's was built on the cheap. Cheap windows I just fixed. Poorly constructed gable ends and roofs and garage doors and regular doors that have limited wind load strength. The state improved the building codes over time since Andrew but there is still plenty of cheap poorly constructed homes who's developer made a ton of money. Now the bill comes due.
If democrats were in charge insurance would be far worse. Homicides, riots, crime, homelessness would be off the charts like California. It’s amazing that your so blind to see how much better off Florida is than the fascist state of California where your not even safe in your own home
Oh snap. Its Paola. I forgot you weren't in Cincinnati anymore. Now you're my anchor in Tampa/Orlando?! Glad to see someone besides you or a tripod holding your camera. Congrats on the desk job. :)
You know what’s more dangerous than a possible hurricane that may or may not hit your home? It’s homeowner’s insurance companies that can triple rate increases in one year and there is absolutely no one that stands in their way to increase rates. Meanwhile people are losing their homes not due to hurricanes, but by GREED due to no real oversight by regulators.
Every time there is a massive storm everyone in their mother makes a claim, even if it’s not storm related. Then the army of lawyers bring thousands of cases to trail against the insurance company costing tens of billions of dollars.
I've lived in Florida for 27 years. Yes, it's more expensive and has a lot more people. As for insurance. I've purchased, (or built) homes that have the latest upgrades/codes. This helps keep insurance costs down. I do not live in a flood plain or near the ocean, (about 8 miles away). These things have helped me keep the cost of my insurance down.
it feel like its collapsing. only because the laundry is being aired out constantly. its greed. the fatter those at the top get the less weight we can support.
Glad Ronnie is working on the real issues for Floridians. Banning books, drag queen reading time etc……auto insurance rates aren’t any better. And don’t try riding a bicycle if you value your life.
Car insurance, medical insurance, home owners insurance... all of it is about their profit, it's not about your health, home, car, assets... it's about their shareholders.
I have a friend in Miami who's rent has gone from $1 , 450 a month to nearly $ 3 , 000 . He looked into a roommate . But has decided on living the Van Life instead . Lots of workers in Florida are doing the same . And not by choice . Florida ain't cheap .
ive lived on the coast for 60 years in Florida. The water level has not changed.... in spite of my 4th grade teacher telling me 2/3rd of Florida will be underwater in 30 years.... 20 years ago...lol. Fact: The number and intensity of hurricanes are actually down. When intensity uses the same scale established at its inception. The damage is higher as measured by the dollar because of population increase and inflation. The underwriter for the Citizens is the federal government. Just like Salliemae and Freddiemac. Honestly, if I wasn't on the coast, I would just drop the insurance and cut down every tree within reach of my home...
BS, insurance is up everywhere especially in blue states where they tax ,tax, tax. Anyone who lives in a state prone to hurricanes they are asking for issues.
That’s a lie! Insurance is up across the country. How many billions did BLM and democrat sponsored riots destroy? So on top of those increases Florida gets hurricane more than all other states combined. You want to blame someone blame the fascist race baiting democrat party
Well, if you live on the coast you have a problem. If your house was built before 2001 and you haven't update it to code you have another problem. Other than that premiums are very reasonable. Mine is about 2k a year. Also, a higher deductible can help.
Just wait until you have to actually file a claim... I'm still battling our insurance companies some 18 months after Hurricane Ian. Zero $ received and we took a direct hit.
Citizens answer is awful! Why wouldn't Citizens be able to cover a catastrophe? Why is the CEO claiming they are in a strong financial position? I call all this BS!!
So you pay your insurance all year but if there is a catastrophic event, you'll have to pick up the tab for that too. So what is the purpose of paying insurance all year if your still rolling the dice on coverage. I don't understand how Florida lenders allow this to happen.
At some point the cost of insurance will be more than the actual any repair needed to your home, unless its a total loss. It's probably best to just put it into savings at this point.
Florida’s insurance crisis has been building for decades. The state’s politicians finally took some action a couple of years ago to address the fact that Florida has more lawsuits by homeowners against insurance companies that the rest of the country combined! And most of those lawsuits are about replacing perfectly good roofs instead of repairing them. Hurricanes aren’t the issue. Lawsuits to replace perfectly good roofs instead of fixing them is what has driven most private insurance companies out of Florida.
Which is what they’re already doing and it’s not only Citizens. However they are the worst scumbag insurance company to deal with when it comes to a claim. It’s basically guaranteed if you have an insurance claim here in Florida you better get a public adjuster to fight for you and be prepared for the carrier to drag it out 6-12 months while you suffer. It seems they all try to settle fast for 1/10th the appraised damage and if you refuse they’ll drag it out.
And please do not forget about the other Florida insurance requirements. Many companies are dropping properties where the the roof is over 13 years old and if the water heater or AC unit are over ten years old. Citizens may be called the insurance of last resort but not true. If at renewal time they find a carrier for you that is less than 300% of the current premium, you are dropped and forced to the other carrier.
I'm sorry but seeing how most of the insurances pre-filed for Bankruptcy during the last storm, we Floridians know the state will be abandoning us if something truly catastrophic happens.
If ppl stopped scamming insurances, premiums wouldn’t be an issue. Florida is one of the top states for fraud. Some ppl make careers out of scamming insurances.
I like to see more story's like this however why don't they mention the huge salary that the ceo of citizens insurance company is receiving. I think millions of dollars per year would be better off going to the people who really need the $$. Instead of denying claims so he can get such an outrageous salary
Neither side is in the right. On one hand, insurance system is ridiculous to begin with. On the other hand, residents purposely live in a regularly disaster-prone region (i.e. hurricanes, floods), so it shouldn't come as a surprise you'll have to pay a higher premium than in other parts of the US.
Every part of the country is threatened by some sort of natural disaster. Hurricanes, Tornados, Earthquakes, Wildfires, Blizzards, etc.. Why is only Florida having this issue?
I’m afraid Florida is becoming a state for the ultra rich and the reach only! But who’s going to provide the services they need? I know the terminators! 😂 bad joke?
We dropped our homeowners insurance. We take what we would have paid for insurance and put it in savings. Insurance premiums are insane, and you’ll never see that money again. Screw them.
You can only do that if you don't have a mortgage. Once mine is paid off, I'm doing likewise.
That's what a lot of people do once their properties are paid for, drop insurance and take those funds, place it into savings every month. Plus some areas have the double homestead exemption, other property tax decreases or overall stops under certain circumstances. We got a nice refund surprise from our lender last month since we went to the tax assessor's office, claimed the double homestead exemption. So between much lower to non existent property taxes, no more mortgage, a lot take both of those funds, place it into their own account every month for the just incase. A lot of people even choose to not have their property taxes, insurance as part of their escrow, they pay each directly.
@@biscayne66 You can choose to not have insurance in escrow every month and just pay them directly. Same with property taxes.
Plus insurers actually SUED people who had to file claims to get their money back, They are a criminal syndicate.
Insurance should, AT the bare minimum, be forced to pay at least an amount equal of what you have paid them (or more depending on the claim)
Why isn’t the media doing stories on car insurance rates as well??? I have only seen stories on homeowners insurance.
Yep. Insane prices. No tickets or claims. Progressive wants $2400 per year with a deductible.
@@bumblebay9559 Because if you tap someone in the back going 5 mph they sue .
My guess is because you can live in the car.
Because your cars drown as much as your houses, you chose living in a known ongoing disaster zone.
Meanwhile only the coast is really affected.
my Florida home insurance went from 4K to 8K in last two years - auto insurance is almost 4K for two cars with no tickets or claims in over 30 years - I am now forced to work full time until I'm dead - Sick of hearing this is the Free State of Florida on the radio - Nothing is free anymore -
Welcome to Bidenflation. You get what you voted for.
I only pay 1.3k a year on the Panhandle. Where are you located?
We're you for mandated masking, lockdowns, and vaccines?
@@francismarion6400what in the world does that have to do with anything? Good lord
@@Cmunic8 Those kicked off the bailouts and inflation. Remember Nacy getting her hair done when all the salons were being forced to shut down? gyms and restaurants being closed in NYC?
50 years ago people built summer cottages near the water on stilts and then closed them up and shuttered the windows . Today in out 2 class system millionaires are building million dollar homes 100 ft from the water and in flood zones by canals . Our insurance shouldn't go up for these people , let them pay .
Our house was built 50 years ago on a canal off of Tampa Bay in a solidly middle class neighborhood with a mix of single family homes and mobile homes in the area - we're not rich. But our house has never flooded and we've never had an insurance claim. We replaced our roof when it was time and paid for it ourselves. So why has our flood and homeowners' insurance risen so much? The risk for our home is no different than it was 25 years ago when the insurance companies insuring our home were making good profits. I feel like the insurance frauds who file plumbing, roofing, and liability claims against their insurance companies are driving up the rates. I don't mind paying flood insurance, but why is homeowners' skyrocketing?
@@deepsea631 Some areas are experiencing flooding because the contractors came in and cut down all the trees that would absorb the rain water and thats been the complaint from some people who never had a problem . That said you're 100% right on the fraud . Our roof looks like new and is 16 years old yet we have contractors knocking on our door every month telling us we can get a free roof .When we lived in the Northeast we had hail storms and ice and snow on our roofs 4 months out of the year and nobody got a roof replaced .
50% additional premiums? I think that would be too much we would seriously consider moving.
What are they doing with all the billions they’re collecting in years with no catastrophic storms?
Those are the years where they actually made a profit. But instead of hold some of that profit in reserves, they paid their CEO, bought back stock and generally made rich people richer while screwing over the middle class. Now the only way they can make a profit is to over charge and DENY CLAIMS.
So when are the property flippers going to be responsible for raising home costs which lead to insurance companies raising rates or leaving?
Blame everyone for that. Homeowners have had no problem with the values of their homes going up. But they don't want to pay the increase to maintain and keep them. Greedy.
Any ocean front property IMO should be paying much, much higher insurance than everyone else. Insurance companies have spread it out to everyone but those living in much higher risk areas should be paying the much higher insurance costs.
It was Cuomo forcing gyms to close that started this inflation.
@@HayyywardAutism or mentally challenge?
Insurance companies aren’t leaving FL bc of home prices. They’re leaving bc hurricane & flood damage in FL is a never ending train wreck!
@@tringuyen7519 5 years ago, my parents house was worth 80k on zillow estimates. A house flipper remodel a similar house and selling it for 320k across the street.
Unsustainable. I'm not talking about home insurance.I'm not talking about environmental issues. I'm talking about this society in general. We're screwed.
End of the Empire, my friend.
Democrats.....obamas....
And they are forcing women to have more babies
FL used to have Mangrove forests all along the barrier islands to protect FL from storm surges. Most of the Mangrove were removed by developers.
@tringuyen7519 this is true. The mangroves were supposed to be protected but they aren't
Insurance premiums are killing us here in Florida and our governor does nothing!
That’s not true. It’s not the government responsibility if you can’t afford it where you live then move. The government helps everyone in California, try there. Wait, California only helps criminals and illegals. Ok, try Mississippi
@@user-wm3tt3oq1pWhat makes you sure Florida “economic system” of massive amounts of employers using off the books workers isn’t exactly the same as California? It has been generations of residents from other states expecting cheap groceries grown in Florida and cheap vacations in Florida while the cost of social services and infrastructure locally in Florida are harmed by off the books employment practices! BOTH political parties have for generations in Florida tried to get federal government to do something about cheap foreign labor pouring into our communities and driving down any hope of living wages!
Not much he can do. Insurance companies are also pulling out of CA due to the riots that destroy businesses and the risk of fires and earthquakes and yet their governor does nothing either.
He has done about as much as he can do, you cannot mandate fixed premiums, the companies will pickup and leave. Then what? He has invested $1 billion for companies to stay, providing some security. Is it the best thing? Its not, but premiums are sky rocketing everywhere, its a national issue, not just Florida, just higher here because higher risk of total losses due to natural disasters.
Then another company will come in and pick up the policies. Have you seen the insurance co's P&L's? Making $ hand over fist!@@miroslavtomic8974
Here’s their answer…people don’t want to pay to insure their expensive beach houses!
The government needs to stop taxing social security.
Not until their generation of politicians pay off every last cent of the national debt.
Thank Bill Clinton
@dlbracer56 blame all politicians at this point. They are filty khu-m dumpsters
Have never had my SS taxed! Is this a fox news lie??
@@dlbracer56 No thank the Republican Party.
The taxation of Social Security benefits began in 1984. This change was part of the 1983 Amendments to the Social Security Act, which were signed into law by President Reagan in April 1983.
Home insurance up 100%
Auto insurance up 50% over last couple years. No claims by me but huge Law Firms claiming Billions collected is where control can be achieved BUT who pays the politicians with all that money?
You hit the nail on the head with law firms collecting stupid amounts of settlements. Just another example of the leaches gorging themselves at taxpayer expense!
I left FL 9 years ago each year it grows more insane
Name one state that hasn't gotten more insane. 🤔
Sad that the states with the cheapest homeowners insurance premiums are the expensive ones.
One if the problems are people who don’t keep up with home repairs, like roof maintenance. Instead they wait for a named storm and then claim storm damage. My neighbor sat with a saggy, leaking roof for years, waiting for a storm. Nicole was her ticket to a new roof. As her neighbor, I can tell you we barely felt a breeze, but it was named, so it counted. She got her new roof.
Meanwhile people like myself and my other neighbors went the honest way and kept up with maintenance and replaced worn out roofs on time. I would like to see discounts for people who can provide proof that they’ve kept their home maintained.
Can't keep up on home repairs when all your money goes to insurance. Ours was $17,000 a year right before Ian hit.
Thats ridiculous. I don't understand where you guys get the money from.
@@user-zo9ld9jo2q 🤔 savings…personal loans…heloc… 401k if necessary…some companies will finance it. Many repairs you can do yourself. Roof maintenance isn’t expensive and should be done every few years. It will save you more costly repairs further down the road.
False logic. Insurance companies prorate a roof based on age. If they had an old roof then the insurance would not have paid for a complete replacement. Get your facts straight before trying to influence others.
@@GransomHayes_author she waited for a named storm, made the claim and got a new roof I don’t know how old her roof was but the shingles didn’t look all that old. She had a roof leak that she said was from an animal. If she had paid for that leak to be fixed when it happened, it wouldn’t have rotted the plywood underneath. But she decided to wait for a named storm to blame it on. It took three years. Meanwhile, the roof rotted and sagged at that spot and she had ceiling damage inside. I don’t know what else to tell you. According to her, the insurance company paid for the new roof. She bragged to me and another neighbor about it.
Time to get the F*** out of Florida!
And go where?
Please, leave as quickly as you can. We prefer you leave.
@@miroslavtomic8974yeah you won’t be saying that when your house will be worth 1/2 price
Desantis got 9MILLION dollars from every seat down insurence companies + a golf course interactive game. For him not to complain about the raising PRICES.
And yet these bug roaches will still vote for him
To bad they don't have a governor that can deal with this crisis.
Yes Ron should be able to control the weather in Florida and declare no more hurricanes. Good lord get a grip…
@@rpdrpd4153didnt have this problem when democrats ran florida in the 80s and 90s this started around 2004 whe n repubicanss let insurance companies slip it in
@@Hymz-kx2sg You drunk or high? Your comparing life in Fl in 80's and 90's to today? As early as 2019 or 2020, right before the pandemic, economy was booming, homes were affordable, everything was more affordable in Fl.
I have a REAL HARD TIME paying for insurance that can only really assist Southern Florida because they get the worst of the worst storms. Yes we get them up here in Tampa also but not catastrophic YET they want us who have fewer risks to pay for people that are aware when they purchase that they are high risk. Here is an idea MAKE THE PEOPLE IN THE HIGH RISK AREAS PAY higher premiums I have been here for 20 years this November and have never had to ask for insurance to pay anything. By our estimates we have paid over $100K over time and never gotten a cent of it back because of NO CLAIMS. Maybe they need to look at this a different way ya think?
I paid them for 30 years. Over $250,000 and never had a claim
is 8K a year enough with no claims ?
Your Democrat leaders caused this problem with lockdowns.
We all had to pay for Cuomo locking closed gyms and hair salons. Did you mind paying for that? Pay your mortgage off and you can be free of your insurance.
Just a reminder, Hurricane Ian was supposed to be a direct hit to Tampa. As was Hurricane Charley.
"Where ever sea levels are rising along the coasts, it creates insurance risks." Senator Whitehouse (D) believes that the sea level rises in some locations but not other locations. Somebody please tell Senator Whitehouse (D) that the entire sea is connected and therefore cannot selectively rise in only certain locations. If it rises in Florida, it will be rising in Rhode Island also.
~ Make America Florida...~ Na ....we Cool...
Wherever a storm comes ashore the first claims for relief under an emergency declaration will be filed in Palm Beach County ... that's a well-oiled claimant machine.
We have been busy with Woke and Mickey Mouse.
Mackey mouse is dead.
Yeap. Taking money from insurance companies and doing nothing. Like always screw us. Time to vote them out.
Don't forget the 10's of millions DeSantis has spent of our tax dollars on securing Texas borders.
The Florida government spent too much time attacking Disney, gays, Hollywood, women, abortion etc... while the insurance companies destroyed Florida.
@zion9860 Bye bye groomers
My home owners insurance went from $2k to $4k last year and now is $5k
Then sell your home and move to a more affordable place. It’s not rocket science. It’s the facts of life!
@@user-wm3tt3oq1pbut why wasnt this a problem in the 70s 80s and 90s?
@@Hymz-kx2sgBecause people thought climate change was a hoax. As time goes by…it’s only going to get worse.
@@user-wm3tt3oq1pkeep voting. Biden clown 🤡
Sell the home and leave the state !
Repeatedly rebuilding homes and communities in flood prone areas and areas clearly being impacted by the rise of sea level, land subsidence, and/or climate change is foolish. And expecting insurers to just suck it up is idiotic. The simple reality is that taxpayers have been subsidizing the coastal real estate industry for decades -- and now that homeowners are faced with actually paying the true cost of insuring their properties, they're finding it's unaffordable. Mother Nature is going to win because she's bigger and badder than any sea-wall, elevated construction, or earthworks you can construct.
Until your mortgage is paid in full, the lender still owns the property, why aren't they the ones forced to insure it?
The Senate in florida should be voted out of office. These guy's give money to politicians, and they sit on their hands
Floridians are the only ones that can vote that garbage out
Don't worry, bootsie will take care of himself!!!
My insurance jumped $800 on one home per year, and $300 per year jump on another. I cancelled my homeowner's insurance, and made my "installment" on the other house of $1,200. The next installment is in June. But in June I will be switching it down to liability only, which the insurance woman said would be $500 a year. The rates are insane. My friend's insurance went from $8,000 a year to $18,000 per year without warning. She got them down to $12,000, but ended up selling the home. With the proceeds she paid cash for the smaller home, and now has a choice as to whether to have insurance or not, or what kind. Too many have no choice but to sell their homes as insurance is untenable.
What kind of 'next buyer' would buy a house with a $12k+ yearly insurance?
This is sickening and the shame of the Federal Govt is real. They put TRILLIONS to overseas wars and billions to illegals All are sickening it happened here in sc when Hugo hit Some can't get insurance at all due to the rates It's our taxes they are spending and it should go to us with them making better laws Nope they just keep frigging taking My heart is with all Floridians getting shafted
@@PhrontDoor People with a lot of money. Investors bought it, as it sits on a canal, has a swimming pool, boat dock, and is huge and beautiful. They are going to redo the house and re-sell it. By our standards, it is hard to understand these kinds of insurance numbers, but there are homes that sell all day long to the upper financial class that make this home look like a hovel, and whose insurance rates are three, four or five times the amount. I can't get my head around it either, but then I don't live on that level, either.
See perfect example. Can’t afford it then sell and move! That’s what responsible people do.
I am being forced to do this by the double digits rate of increase every year of home insurance. May buy out of hurricane states if I want to avoid not having insurance in my smaller paid for home in the future.
Thank goodness Ron spent all that time fighting the dreaded "woke." Really focused on what's important...
It really is important, do you want a generation of kids growing up, questioning their identities, mental issues, etc etc. Do you have any idea how liberal states/cities push this, relentlessly until you are brainwashed(Lived in ultra liberal, Madison, Wisconsin) and had to move because of it. What could be more important then the next generation? All these things are important, insurance is important, its not any easy solution. Inflation caused by your good Ol President Biden plays a huge factor in increases in premiums, inflation = more for homes to be repaired after damages, which equates to premiums being higher. It will take some time to normalize for sure.
Ask to raise their rates???? Insane to even think the solution is to raise the insurance even more than what we pay now. Double and triple and the last months in top they lower coverage. Now days that they don’t cover 100% roofs anymore and this year many insurance companies only offer insurance if you drop hurricane coverage… where are we going to end up? Pay another mortgage premium rate to cover what??? Appliances??
THEY chose to live in an area that is subject to YEARLY "disasters". Why should they keep being bailed out?
They're not wrong.
I have lived in FL for over 40 years and I’ve never had to file a claim. I live less than a mile from the beach off the gulf coast.
This is happening because all of the bs claims that were fraud. More hurricanes means more claims… if the insurance companies aren’t sending adjusters to validate the claim then we’re all getting screwed with higher prices.
Why do people live within tornado alley?
Why should they be allowed to make a claim while others cannot?
I’ve paid more than my share.
It's an inflation problem.
The same is said of those California cliff dwellers who's homes washout and it's somehow the rest of the state's responsibility for their arrogance.
Wow… YT deleted my comment.
I guess it was too much truth for them.
Between house and car insurance increases I have 2K more expenses a year. Living on $1451 a month social security. We who live in less vulnerable areas of FL should pay less and those who choose to live on the coast pay higer premiums that match the risk. They already pay higher premiums but it does not make sense to Continue to raise those of us who are not in the direct paths of these catastrophic storms.
Citizens should provide their financial records, encompassing expenditure details and the compensation package of the CEO. Despite consecutive years without significant weather events, insurance rates continue to rise.
For those of us who work get taxed to hell, paying for astronomical insurance prices and inflation is crazy. Come of America - we have to do better.
Living in SE. Fla. My homeowners, flood & storm insurance totals to almost $12,000 per year! Many homeowners are moving out of state for this reason.
You'll own nothing and be happy -WEF
Desantes is getting pay offs from insurance companies in exchange for freedom to do as they please
Get in your attic and install hurricane straps. It wont prevent shingles from blowing off but it will for the wooden structure.
insurance is the biggest scam
Our Governor needs to pull his head out of the sand and deal with the real issues facing his constituents and stop chasing ideology. If not, he needs to find another job.
Remember kiddies it’s all one big money grab. Where did all of the profits go from the previous 50 years of paying into the system. I know we had big claims in Florida but not to the tune of what they are charging us for the past 50 years of paying in.
Stop sending money overseas and take care of United States Citizens.
We give hundreds of billions of dollars in military equipment to other countries but God forbid Florida needs a bail out. SMH.
Easy fix: Officially change the state name to either Ukraine, Isr@el, or Taiwan. The billions will start rolling in with bipartisan support of the feds.
How about Lake Michigan or Lake Huron?
I went from $355 HOA fees to over $1000 in HOA fees. All because insurance went up. I think what we all should do is stop paying our homes, go to foreclose and declare bankruptcy
I have had State Farm since 1994. I now have 2 houses in 2 different states. By my estimate I have paid State Farm more than $80K in home insurance alone. Car insurance is another $1800 year in the state of FL. I have never filed a claim but believe me I would not feel guilty if I had to file a claim.
I am going to have to sell my home in Florida and move to a non hurricane state to be able to afford home owners insurance. Florida has become a place for only rich people.
Insurance in Florida is in serious trouble for some of the prime reasons as follows: Real Estate claims are numerous in Florida compared to other states for more than bad storms - many claims which go to court should never have the ridiculous claims paid - lawyer and judges benefit from this excess litigation; re-auto insurance - due to lack of enforcement of the worst drivers in the USA there is an excess of auto claims - one only has to get on one of our major routes like I-75 to note reckless drivers going by every few seconds.
Don't forget that real estate costs have nearly doubled since the lockdowns started.
Roofers and homeowners who got new roofs caused this. Insurance companies were getting sued left and right and lost money. Now everyone has to deal with the consequences because of a few bad apples.
My home built in the late 80's was built on the cheap. Cheap windows I just fixed. Poorly constructed gable ends and roofs and garage doors and regular doors that have limited wind load strength. The state improved the building codes over time since Andrew but there is still plenty of cheap poorly constructed homes who's developer made a ton of money. Now the bill comes due.
Address the flippers and investors who hoard homes away from families of you want to address the real issue.
Why Puerto Rico does not have this insurance crisis ; their island is always first in line from storms .
Ya get what ya vote for!! Enjoy!! Bet every GQP elected official has insurance!!
If democrats were in charge insurance would be far worse. Homicides, riots, crime, homelessness would be off the charts like California. It’s amazing that your so blind to see how much better off Florida is than the fascist state of California where your not even safe in your own home
Florida is a bad bet… no one at the wheel and that guy was gonna run the entire country….cha right
Oh snap. Its Paola. I forgot you weren't in Cincinnati anymore. Now you're my anchor in Tampa/Orlando?! Glad to see someone besides you or a tripod holding your camera. Congrats on the desk job. :)
Florida is going to be more expensive to live than California real soon.
The insurance company spent the money everyone was paying monthly and can't support the payout.
Insurance is a big scam
You know what’s more dangerous than a possible hurricane that may or may not hit your home? It’s homeowner’s insurance companies that can triple rate increases in one year and there is absolutely no one that stands in their way to increase rates. Meanwhile people are losing their homes not due to hurricanes, but by GREED due to no real oversight by regulators.
Where's White Boots?
The amount of money I have paid to citizens over the past decade, they could rebuild my house and still have money left over.
How much money has flordia recived from federals In 4 years????
Every time there is a massive storm everyone in their mother makes a claim, even if it’s not storm related. Then the army of lawyers bring thousands of cases to trail against the insurance company costing tens of billions of dollars.
I've lived in Florida for 27 years. Yes, it's more expensive and has a lot more people. As for insurance. I've purchased, (or built) homes that have the latest upgrades/codes. This helps keep insurance costs down. I do not live in a flood plain or near the ocean, (about 8 miles away). These things have helped me keep the cost of my insurance down.
I can’t afford a home as a 31 year old man period. F the system
Yes insurance is insane here, it needs to be fixed. Its not just home insurance but car insurance too
it feel like its collapsing. only because the laundry is being aired out constantly. its greed. the fatter those at the top get the less weight we can support.
Glad Ronnie is working on the real issues for Floridians. Banning books, drag queen reading time etc……auto insurance rates aren’t any better. And don’t try riding a bicycle if you value your life.
Did you miss the entire special session on insurance? Multiple bills passed including tort reform.
Someone angry they had to groom in another state!
Yea anti grooming is much more important than insurance
@@francismarion6400 what are you talking about? 😂😂😂🤡
@@IamPreacherMan Your game is not working. Everyone understood him. CLOWN.
DeSantis did NOTHING for Florida
Poses as a tough guy but bowls to insurance companies
Car insurance, medical insurance, home owners insurance... all of it is about their profit, it's not about your health, home, car, assets... it's about their shareholders.
I have a friend in Miami who's rent has gone from $1 , 450 a month to nearly $ 3 , 000 . He looked into a roommate . But has decided on living the Van Life instead . Lots of workers in Florida are doing the same . And not by choice . Florida ain't cheap .
ive lived on the coast for 60 years in Florida. The water level has not changed.... in spite of my 4th grade teacher telling me 2/3rd of Florida will be underwater in 30 years.... 20 years ago...lol. Fact: The number and intensity of hurricanes are actually down. When intensity uses the same scale established at its inception. The damage is higher as measured by the dollar because of population increase and inflation.
The underwriter for the Citizens is the federal government. Just like Salliemae and Freddiemac.
Honestly, if I wasn't on the coast, I would just drop the insurance and cut down every tree within reach of my home...
Every Report I Read About This Crisis, Makes Me Glad I Didn't Retire To Florida! Yes I'll Stay In New England!
That's Desantis and the maga republican party.
BS, insurance is up everywhere especially in blue states where they tax ,tax, tax. Anyone who lives in a state prone to hurricanes they are asking for issues.
That’s a lie! Insurance is up across the country. How many billions did BLM and democrat sponsored riots destroy? So on top of those increases Florida gets hurricane more than all other states combined. You want to blame someone blame the fascist race baiting democrat party
It's happening in California too!
One single hurricane and they go broke, omg
Well, if you live on the coast you have a problem. If your house was built before 2001 and you haven't update it to code you have another problem. Other than that premiums are very reasonable. Mine is about 2k a year. Also, a higher deductible can help.
Just wait until you have to actually file a claim... I'm still battling our insurance companies some 18 months after Hurricane Ian. Zero $ received and we took a direct hit.
Citizens answer is awful! Why wouldn't Citizens be able to cover a catastrophe? Why is the CEO claiming they are in a strong financial position? I call all this BS!!
So you pay your insurance all year but if there is a catastrophic event, you'll have to pick up the tab for that too. So what is the purpose of paying insurance all year if your still rolling the dice on coverage. I don't understand how Florida lenders allow this to happen.
There’s enough money in Florida for Florida residents to band together and form their own insurance.
At some point the cost of insurance will be more than the actual any repair needed to your home, unless its a total loss. It's probably best to just put it into savings at this point.
Florida’s insurance crisis has been building for decades. The state’s politicians finally took some action a couple of years ago to address the fact that Florida has more lawsuits by homeowners against insurance companies that the rest of the country combined! And most of those lawsuits are about replacing perfectly good roofs instead of repairing them.
Hurricanes aren’t the issue. Lawsuits to replace perfectly good roofs instead of fixing them is what has driven most private insurance companies out of Florida.
Sea levels are not rising. WTF?
Yes, they are. My friend in Miami lost his home. His streets outside flood daily. He couldn't even sell his home.
Yes they are
So, I've lived on the beach here in west central Florida. I have for 66 years. How come I don't see that here? @@JaredMerlin
Well I don't see it and I'm on the beach. @@pennymunger6239
I have a boat. I still go to the islands and I don't see it! @@pennymunger6239
Wait these insurance companies made billions even trillions so wtf...
Which is what they’re already doing and it’s not only Citizens. However they are the worst scumbag insurance company to deal with when it comes to a claim. It’s basically guaranteed if you have an insurance claim here in Florida you better get a public adjuster to fight for you and be prepared for the carrier to drag it out 6-12 months while you suffer. It seems they all try to settle fast for 1/10th the appraised damage and if you refuse they’ll drag it out.
Seems either we have some crappy laws that don’t protect fraudulent claims or some crappy politicians that can get it right
And please do not forget about the other Florida insurance requirements. Many companies are dropping properties where the the roof is over 13 years old and if the water heater or AC unit are over ten years old.
Citizens may be called the insurance of last resort but not true. If at renewal time they find a carrier for you that is less than 300% of the current premium, you are dropped and forced to the other carrier.
THIS.
dont trust uk flag
Why are cardboard houses still being built in Florida? 🤷🏽♂️
I'm sorry but seeing how most of the insurances pre-filed for Bankruptcy during the last storm, we Floridians know the state will be abandoning us if something truly catastrophic happens.
A good Republican would just pay for it with a tax cut
If ppl stopped scamming insurances, premiums wouldn’t be an issue. Florida is one of the top states for fraud. Some ppl make careers out of scamming insurances.
I like to see more story's like this however why don't they mention the huge salary that the ceo of citizens insurance company is receiving. I think millions of dollars per year would be better off going to the people who really need the $$. Instead of denying claims so he can get such an outrageous salary
Florida is fantastic and family. Family shares the load for each other
no problem sending money to other countries though.
Insurance companies are sending money to foreign governments? Why are they doing that?
Cry about insurance companies but fight for non regulation of corporations. Cognitive dissonance
Didn’t DeSantis say not too long ago that Citizens is insolvent?
50% surcharge would destroy the state
Can’t afford to live in FL ANYMORE LOL
Neither side is in the right. On one hand, insurance system is ridiculous to begin with. On the other hand, residents purposely live in a regularly disaster-prone region (i.e. hurricanes, floods), so it shouldn't come as a surprise you'll have to pay a higher premium than in other parts of the US.
Every part of the country is threatened by some sort of natural disaster. Hurricanes, Tornados, Earthquakes, Wildfires, Blizzards, etc.. Why is only Florida having this issue?
I’m afraid Florida is becoming a state for the ultra rich and the reach only! But who’s going to provide the services they need? I know the terminators! 😂 bad joke?
Robots!
This is why I don’t live near the coast. Those who do are just gambling with your livelihood