Florida Homeowners Face New Challenges Ahead!
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- Опубліковано 17 чер 2024
- Florida Homeowners Face New Challenges Ahead!
Watch my insurance video • Banks Are Taking Good ...
I get calls and emails every day from people just like you, looking for help on making their move to the Florida gulf coast. Give me a call, shoot me a text, or send me an email so I can help you make a smooth move to Florida.
Brant Peacher Florida Real Estate Agent | Agent License # SL3441599
Shoot me an email if you have any questions about the Florida Gulf Coast. brant@adoorrealestate.com
Send me a text 850-450-3878
Visit our website movingtothegulfcoast.com
Florida has become un-a-floridable. It's everywhere. The real estate industry has done lost it's mind.
Yog got enough money to buy a $1 mill. House 10ft. Above the ocean, self insure. Dont make the rest of us to pay for your mistake
Should be the same for people living in Tornado Alley, Crime infested areas, Earthquake prone areas, Houses built with flammable material and in cities that flood. Only insure very low rick people.
Martha’s Vineyard, Hamptons, Jersey Shore, etc., Taxpayers bear the burden for wealthy beach front properties.
I paid off my house and DROPPED all my insurance.
The money I saved allowed me to repair and update many things.
I selected to buy a house that's about 50 miles inland, and more than 150 feet above sea level.
No danger of flooding, even free from mosquitoes.
Perhaps the safest from Hurricanes, from Miami to Corpus Christi, for over 75 years according to the national weather service.
Taxes are LOW too.
$300/year, 5 acres, smaller double wide in a farming area.
I love this region, it's the sweet spot.
I’m doing the same. I just paid off my mortgage and I’m dropping all insurance.
Where are you living?
Awesomeness, with help of only God, paid off the scam called a mortgage and praying the blood of Jesus over it and using what I have left for good purposes. Keep it up friend.
A trailer is not a home. It is classified a movable vehicle and even carries a license plate. It is movable by pretty much anything, including tornadoes and hurricanes. 😂.
@@user-iq9mn6lj6byour comment only makes you look like a fool. 😂😂😂
Self insurance is the only way to go.
Can only do that if you don't have a mortgage though.
Our beautiful state has been plundered with soulless politicians and special interest groups. I've lived here all of my life and it breaks my heart.
People like Rick Scott from ILLINOIS are not good for FL.
That's what 20+ years of Republican control in Florida has resulted in.
@@almoreno3299 There was an incumbent Democratic Senator before Rick Scott. Rick Scott is a phony a liar and a crook and has got to go.
@@almoreno3299You’re right we should be more like CA smh
@@tonalddrump5554 2 entirely different states with entirely different histories....I will never understand why people compare CA and FL...must come from ignorance
Like I said in the previous videos, I am a licensed agent. Licensed in all 50 states. Talked to a young upper 20s family in Idaho today. 3 kids and 3 dogs. Their insurance provider dropped them because they have a trampoline that’s not fenced in. And when the inspector came, they had an old washer and dryer out back waiting for a family member to come pick them up because they upgraded to new washer and dryer. SMH in IDAHO! Not even in Florida, or California, etc. in small rural town IDAHO
That’s wild
@@MovingToTheGulfCoast they were like, “ hey if your company wants us to put up a fence we will put up a fence around it “ … I felt so bad for them. Owned the house for 4 months and Insurance provider dropped them in 3 months. Thank you for all you are doing and using your voice and platform to shed light. May Gods favor rest on Florida. We need it more now than ever.
Brant, you have to follow the money and the paper trail leads to the BlackRock Company. . We recently sold our condo in Key Largo, Florida, even though we carried no mortgage, the insurance, taxes, and HOA fees made it not worth keeping. We ended up purchasing 2.78 acres of property in southern Alabama and this property sits on an 800 acre spring feed private lake. This property is registered with the state and county as a year round off- grid residence. We have done some major improvements but still keep our off-grid status. We miss some of the perks of living in the Florida Keys but the trade off is no mortgage, no overpriced homeowners insurance, very low real estate taxes, and no electric, water, or sewer bills....
This is awesome! Very curious: do you use solar for electricity or because of your OTG status you don't have to pay? How do you manage sewage and water for your property ? Do you use water tanks?
@@worldview576 We had 6000 watts of solar installed which gives us more than enough power. We also have 3 Bluette AC 240 power units that we use often. We had a well and septic system installed. We have two 500 gallon water storage tanks, I have to crank up the generator to transfer water from the well to the storage tanks and then it's gravity feed into the storage tanks in our RV, We are living in a 27 foot camper trailer and very content with it. We cook with propane, use propane to heat our hot water heater and the heater in our camper, it's not the perfect setup, but we are saving a ton of cash and enjoying a stress free lifestyle.....
@@scable-eq7bp That's inpiring. I am working on my relocation plan, I have land in Hinson florida (just before the georgia border) that I want to homestead on it but am unsure about it now because of the shift in state property related policies.
When I saw the flooding in South FL on the news, my first thought was car and home insurance is about to increase again.
Two floods where people lost cars, homes flooded, in less than 15m
@@KimberlyFayeThompsonCHCYes. Global warming and rising sea water and Florida is sinking.
I was actually thinking about moving to Florida because I love the panhandle, but I am glad I didn’t now, because of the insurance issue going on. I feel sorry for all of you dealing with this. I had an issue being drop by Farmers Insurance because I didn’t have my roof redone because it was 21 years old - I had a 50 year metal roof and hand no issues, so these insurance companies just want to take our money, but want no risk. They are a bunch of crooks!
You don’t have to always live in a place you love,because it’s not always the same. A visit from time to time should be enough.
insurance corporations donated a total of $3.9 million to DeSantis and his political committee, “Friends of Ron DeSantis” . This significant financial backing from the insurance industry has raised concerns about the influence these companies might have on DeSantis’s policies, especially given his administration’s efforts to pass legislation favoring the insurance sector over consumers
Bingo!
Damn finally someone in the comments that knows wtf been going on
You voted for him. Suffer the consequences.
Prove it ! Living on the coast is expensive
@@dianemeehan9299 I guess you realize that all this information is public record. Here is a few list of insurance companies and related entities that have made significant contributions to Ron DeSantis's campaigns:
State Farm
Heritage Insurance
People’s Trust Insurance
Universal Property and Casualty
Floridian's United Property and Casualty Insurance company
American Strategic insurance
Security First insurance
Southern Fidelity Insurance
Gulfstream Property and casualty insurance
In addition to these specific companies, the broader insurance industry has been a substantial supporter:
Overall Insurance Industry
The insurance industry has contributed a total of $9.9 million to DeSantis and the Republican Party of Florida since January 2019 (Property Insurance Coverage Law Blog).
These contributions are part of a larger pattern of financial support from the insurance sector to DeSantis, which has coincided with legislative changes favorable to the industry
Going forward I would love president Trump to be asked about this whole mess, since he is a Florida residence.
I had Citizens when we had Wilma. I placed a claim & they didn't have money to pay the claim. The only way to get paid was to sue them. I accepted the loss & never forgot. Sad!
I loved living in FL. After Citizens sent me a cancelation notice if I didn't no nonsense repairs, I was done. I had put impact windows, storm doors and a new roof on the house the year before. I knew Citizens was in trouble.
I still have so many friends that still live there, and I'm pulling for good solutions for you. Hoping for an uneventful hurricane season!
Citizens kept trying to get rid of us. I got tired of this and went elsewhere.
We sold our properties near Tampa in 22 and got out . The Florida of today has no resemblance at all to the Florida of just a few years ago . Sadly It more resembles an overcrowded & extremely expensive construction site . Than the beautiful jewel of a state that it once was .
Don't have citizen's insurance but my original homeowner's for 17 years (Tower Hill) with no claims was going to increase my rates to over a 200% increase, I had to put a 14K roof and upgrade plumbing, pay for several inspections and still shop for a new insurer and lost State Farm after one year, ended up going back to Tower Hill at the cheapest rate, still almost 2K than before, I think most Company are just picking who they want to insure.My question is what were they doing with all the millions in premiums that were collected previously?
Apparently, they're giving themselves bonuses to keep up with inflation. Smh!
Your home may be worth 2 or more times than it was 2 or 3 years ago... guess who all is cashing in now. Insurance companies are adjusting to all those who are now "equity rich". They have to raise premiums to adjust to the values of the houses. I wonder if they will drop those premiums when this house of cards crumbles.
@@superhawk20002But, just because a house went from a $300,000 value to a supposed $900,000 value, does it mean it will cost $900,000 to rebuild it? It’s crazy to think that a 1500 sq ft house would be $900,000 to build.
@superhawk20002 bet they won't. Just like taxes.
Dang I have tower insurance... lol.
But live in GA.
That happened to us last year with Citizens, we couldn’t afford to new insurance costs, so we are doing without.
I carried 0 insurance for 23years in Ohio. No candles.
If you have a mortgage you have to have insurance.
I had to get a wind mitigation survey and a 4 point inspection. Then new windows new doors new roof and rewire the house. All of that and my rates doubled. I’m thinking of moving to South Carolina or Georgia.
I left FL in 2020 after living there 20 years. I loved FL very much but the hurricanes took their toll on me. I moved near Charlotte, NC and I love it here. I hope you find a nice place to relocate to. Best of Luck to you!
Whatever you do, don’t move to Georgia. It’s not worth it.
As a long time Florida resident I appreciate the fact that you're being straight up about the situation here and not trying to sell folks a fantasy.
More people should make informed decisions before moving here.
DeSantis is for the insurance co., period.
Desatan is for ruling, not representing.
@randyhays4620
Exactly.
They all have been, the political lobbying has always been strong between companies and Politicians. I've seen it, been living in Florida for over 64 years.
Maybe true, but imagine if Andrew Gillum was your Governor ?
No, he is not for the insurance companies. He is only for the Rich so he doesn’t care what the insurance company/power company/water company/auto insurance company/etc. charges.
Im surprised you haven't heard of this, I have known this for 5 years...citizen never covers anyone if another insurance is willing to do it...citizen is the last resort, and they will drop you no matter how many years you have with them, as long they find another company ...this is a way the state saves money in case of a hurricane...sucks..but our government doesnt care.
Got that letter from citizens 3 years ago for my condo in Treasure Island Fl. Had to find another insurance company or be dropped by citizens.
My car insurance DOUBLED in the past year and a half and I have USAA. FRAUD has a lot to do with the prices of ALL kinds of insurance going up. Rick Scott is a CROOK! That's it! He has got to go!
Look for new car insurance and new homeowners insurance every 2 years. Insurance companies LOVE new customers, but hate you after about 2 years and will really try to stick it to ya. They know most people are too lazy to switch companies, so they bend you over and...., well, you know. This year, once again, my Homeowners Insurance company wanted to raise my rates 61% over last years rate which was raised 53% over the prior years rate. I switched to another company and my rate was about the same as it was 3 years ago with a new company. We will see what next year brings, but the new company cut my rate by more than 50% of my prior years rate, so I'm happy for now. Shop around, there are companies looking for new business all the time.
@@optionstraderman USAA is the insurance for the military. It never changes. Until a year and a half ago. FRAUD. THANK YOU RICK SCOTT.
@@optionstraderman that philosophy will actually never get you the best deal on insurance. The people who have the biggest discounts and pay the lowest rate are customers that have been with a company a long time.
Same, so I switched to state farm and saved $200/month
@@daviddailey4959 I beg to differ with you, lol! I've been buying insurance on houses and cars for over 50 years and every time, without exception, I switch companies I cut my rate drastically! The key is to find a broker that handles 20 or 30 different insurance companies so they can actually shop for the very best deal for you! A lot of people make the mistake of going directly to the big companies like State farm and ultimately get taken to the cleaners. I was able to cut my homeowners insurance this year by doing just that, and I'm talking almost 60% reduction which took me back to rates I was paying over 2 years ago. AND I AM IN CENTRAL FLORIDA, WHERE MY EXISTING INSURANCE COMPANY WANTED TO RAISE MY RATES 61% THIS YEAR !! State Farm quoted me a price that was nearly four times what I'm paying now! And you can change your homeowners insurance and your car insurance at any time without any penalties so it definitely pays to shop. The longer I stay with the company, the deeper they push in the knife. Oh did I mention I've never had a claim?
This is crazy time what we are living in ! Very true .
Thank you Brant for letting the real deal be heard like IT SHOULD!
🇺🇸🇺🇸🇺🇸
Of course insurance companies aren't solvent. Premiums have not and can not keep up with inflation and home value increases. On top of that, they make money in ladder assets like bonds. Because of free credit, monetary printing and rapid inflation bonds and laddered annunities lose money.
Insurance companies know they are done for. It's one of the canaries in the coal mine. Same with municipalities and pensions.
Brant, Citizens passed us on to another company about 10 years ago.
My rate with progressive (ASI insurance company ?) is up 250% since 2021. That’s after replacing a 16 year old roof out of pocket for last year because they were going to drop me. This year they said my policy might not even be renewed next year because the house itself is now over 20 years old.
yea can't upgrade that.
When I had a P& C insurance license, we were told that houses over 25 years were considered “old” and charged a higher premium😳
Start paying your higher insurance rates into an account to use when you need it insurance companies try to pay out less for damages while denying many claims.
@@joycef8443 I’d understand a higher rate for older homes but these new rules of dropping customers for a 15 yr old roof or 20 yr old structure because building codes changed is ridiculous. Do they expect us to tear them down and build a new one? Why have insurance then?
I think i stated before that our goal was to pay the mortgage in < 5 years. It was to get out from under the insurance requirements. It would mean taking the risk of a catastrophic storm, but a Cat 4-5 hitting Miami will bankrupt half or more insurance companies in FL (probably including ours) and force us to sell if we still have a mortgage (even though we are in NW FL). It's an economic thing with no simple solution.
You are on the right track. People paying insurance - especially these high premiums - are suckers. Save the money, put it aside, and have it for a rainy day. Pay off that mortgage so you can have freedom of choice.
Build structures that can’t be affected by hurricanes, unless you don’t believe the technology exists. Concrete and stone,round and elevated above flood line. Basically a WW2 bunker then no need for insurance. It’s easy. Big savings when you don’t need insurance because it won’t be destroyed.
That's the thing..... after the destruction from Hurricane Andrew in 92, the regulations and requirements that were past post Andrew where suppose to be in the fact that most houses constructed in the state after 93 where suppose to be concrete / cinder block designed with a roof that had enough reenforcement in the trusses that they had the possibility to withstand a severe cat 4 pushing to cat 5 if done right. But I have noticed over the years that these rules and regulations over time, I say around post 9/11 it started to get laxed again. Back then a state approved inspector had to come into a new construction and inspect particularly the roof to see if it met code, but now, in particular in central florida, I have been spotting new construction made of wood! THAT WILL DEFINITELY NOT HOLD A CAT 5 IF ONE MADE LANDFALL TO WHERE THEY ARE AT!!! NO WAY!!! Something happened down the line where the rules have been bent such a way that now this is happening as well along side the insurance.
You know. It has to be cheap. The cheaper the better for the builder so they make more profit. Good for them when the houses are flying away so they can build cheap again, hence, more profit.
That's what I'm saying, building off the ground, concrete structures. Stop building to a minimum and build to way above specs. It time for Florida to step up and stop this stupidity we should be building to at least a CAT 5 hurricane. It can be done with underground electricity, all concrete buildings and off the ground to stop flooding. We need someone who has Floridians in m8nd and is willing to deal for us. Also if you can afford houses near the beach, you pay to fix your own homes. If your a millionaire you pay more premiums than anyone else. Sorry but that's what we need.
@@supramike67 Not true! Wood framing with the proper Simpson metal strapping is just as effecient, if not better than concrete block. Dont believe it, check the coastal building codes. I am in the construction industry in Sw Florida and was a participant in the eye of Hurricane Ian. Most homes here only lost some shingles and pool cages. Homes at or a few feet above sea-level did suffer flooding but most homes in Cape Coral, FL. are not in this category. Not one home here with wood framing to code was destroyed.
We actually live in TN. Insurance here is up as well, though not as much as FL. Our agent here basically told me that if there is damage to the house that insurance would normally cover, but the cost to fix is below our deductible, then we should go through the repair side of getting estimates (for a paper trail if it becomes necessary later), but don't file a claim with the insurance company unless you are willing to risk getting red-flagged and increase your chances of getting dropped.
I suspect FL is similar.
Been self insured for 25 years, couldn’t be happier but my fire theft liability policy has gone up 400.00 I was able to keep the premiums they same by raising the decuctable to $ 5000. Over the $1000.
I am an insurance agent. Always get a estimate from a reputable contractor before even calling the claims department. Also weather related claims don't hold the same weight as non-weather related regardless of the amount paid out. I tell my customers to think of their insurance as "catastrophe" insurance and use accordingly. Any claims filed, especially non-weather related, put you in a different risk category. Different risk category can mean higher rates and in some cases increase your chances of being dropped.
@@user-cw1su7vw3n We generally have the highest deductible we can get before the cost difference starts dropping - basically we look at the premium vs max-out-of-pocket cost curves. I see insurance like the other commenter (agent) on this thread. It's a catastrophic disaster policy, not a maintenance policy.
I received a depopulation (from Citizens which I had for only a year) letter last Spring. Under Citizens my replacement cost for a roof was 5% which was nearly $9,000. I had already put a new roof on in December of 2022 so it wasn't an immediate issue. The new company that "picked up my policy" was back to the standard 2%. I've never lost a shingle in a hurricane even though two Cat 3 have gone right over my house-- no joke! We were the second most damaged county in the state. Nevertheless, shingle roofs only last about 10 years with the intense heat we have here. Your "new" insurance company might be better than Citizens. Good luck.
Dude you're killing it over here already.
I heard an insurance company CEO say that the main problem with Florida are legal fees.
yea People have to SUE the insurance company to get the claims paid.. Insurance is a scam.
Thanks for telling it like it is. 👍
After Ian we brought our house up to an A+ rating giving us a substantial discount with our insurer. But at a substantial cost out of pocket. This included windows and roll down shutters and a new roof. I
He explained it better than the video i watched the other day. I heard stores of many people having to go without ins. Hopefully we have a good year.
WHY DON'T THE INSURANCE COMPANIES GO AFTER THE GOVERNMENT FOR CREATING AND CONTROLLING THE WEATHER.
I’m open to all possibilities and that’s a possibility I have considered before
How anyone could believe the people who say this will be one of the worst hurricane seasons ever - it's now mid - June - is ridiculous.
These people don't even get tomorrow's weather correct.
It's pretty simple. The weather is getting hotter. Hotter weather means hotter water, meaning more storms. The last few years have been the hottest on record, and there's no reason to think this year won't set new records.
@@comfortablynumb9342And if nothing happens, what will you say as an explanation? Wait till next year.
@@ccw-cs6xb there's zero chance of having no storms. It's very very likely to be an active hurricane season. Record heat has already been recorded this year, it got up to 50 degrees Celsius in India. Insanely hot. Hurricanes didn't ever affect Costa Rica until the last 10 years or so, I was living there when they had the first one ever and they were affected by another since I left in 17 after 9 years. The weather is changing. Chances are there will be a lot of storms because of the heat. If it doesn't happen like that I'll say "great, we got lucky, it was still wise to prepare".
Last year was El Niño, very few storms came through. All were pushed back eastward and made their turns northward. This year is La Niña and we don't have that same protection in the atmosphere that we did last year. This will allow more storms to get closer to our east coast and into the Gulf. Historically the heaviest hurricane activity has been between mid August & mid October. The peak of the season is in September.
Fear mongering...
I Always appreciate the information that you give us, I have already bit the bullet and moved down here, so we are waiting to look at homes
Buy in a High and Dry area well inland of the coast and you should be just fine. Good Luck!
Thanks Brant we live in some crazy times, appreciate the info bro.
You will own nothing and be happy 🥴 just another example of this
Americans First !
It’s gets scarier and scarier every year. Too bad Florida passed the squatter law recently, because if the banks try to take homes because they don’t have insurance then a lot of folks will be in quite the pickle.
Thank you
Nice job Brant..Beautiful walking trail...
When DeSantis says there may be an "assessment" for the policy holders of Citizens, does that mean they could be charged many thousands of dollars more then they paid on their policy if there are too many claims? How do they make you pay the assessment? Put a lien on your property?
Most Likely, the Assessment will be placed on EVERY FLORIDA Homeowners Policy in the state, regardless of company. Every one of us who buys homeowners insurance in the state of Florida pays a percent of that total amount to the State of Florida to support all of the policies written by Citizens Insurance Company, so we will be the ones footing the bill for everyone currently insured by Citizens Insurance! Citizens Policy holders may also get a larger bill, but we all will be paying for it.
Sadly ( but ) next stop for Florida _ is homelessness which is ( only ) missing one check away _ Florida's destruction NOT by hurricane ( but ) the insurance out of control with no limits 😮
Appreciate this. Looking to make my only residence there soon and probably self insure as a cash buyer. Who needs Vegas, when we gamble big money daily on the next weather pattern. Insurance companies do the same, they just want a guaranteed profitable return on the bets they place.
They always say it's gonna be a bad season every year they don't know WTH it's gonna do nobody does
Thanks
In this current crazy time of home insurance in Florida, I will give you a small good news story. We moved to Florida full-time a little over 3 months ago. Living in the Sarasota area. I paid for my home insurance in full on a new construction home at closing. My surprise about 2 months later I get a check from progressive insurance stating my insurance had gone down in price!
Hurricane Andrew, it happened the same way, the insurance companies where dropping people, even if no claim had been made, Florida came up with the Florida JUA, and they should reconsider, that program was instilled for 2 or 3 years, until insurance companies started to come back.
As much as insurance costs, now, annually in Florida, you are MUCH better off dropping the insurance. Take the annual cost in one lump sum and invest it. It's called self insuring. There is ZERO guarantee with insurance companies when you have to file a claim anyway. So you're much better off handling you're own claim. Think about how many times you've actually filed a claim. Investing in yourself, by yourself, is the MUCH better option.
They are not solvent because they are not charging enough premium. It is all simple math.
Which is a big problem. Insurance is becoming unaffordable for the avg American.
@@MovingToTheGulfCoast in areas prone to catastrophic events yes, it is very expensive.
@@daviddailey4959geoengineering of the weather. THE GOVERNMENT CONTROLS THE WEATHER, THEY TWEEK IT THEN BLAME IT ON CLIMATE CHANGE. AND MOST PEOPLE BELIEVE THEM
These letters from Citizens and insurance companies dropping customers is nothing knew. 10 years ago is when Citizens sent me that same letter. Around 2018 I had an insurance company drop me weeks before before Hurricane Harvey and Maria made landfall. Unfortunately this is what happens in FL. I would recommend changing your renewal outside of Hurricane season.
Have your roof checked and fixed up by Florida Retrofit, they can make your roof hurricane ready.
State Farm in Pace lured me in with a home and auto bundle. They have kept the home ins premium about the same over the past 4 years, but every 6mo renewal on the auto they have been increasing the rate 80-100 bucks for every 6mo. No claims or accidents ever. I’ve been shooing around for home owners but can’t find anything for the same or less
I had a lot of wind damage in Hurricane Ike. I live close to Galveston. I had, paid for over 6 years of policies with no claims, Texas State Windstorm, which my mortgage required. It went broke before it paid anything on my claim. I had to eat 68000 worth of damage. If they say they are insolvent believe them. I’m sorry for all of Florida.
Thanks for covering this. I'm closely watching the insurance crisis in FL.
If you are paranoid, you are welcome to move to North Korea, they will welcome you with open arms.
The homes in Babcock ranch can withstand hurricanes but they are expensive. Homes are already astronomically expensive and hurricane proofing hones increases their price even more, but the reality is that hurricane proof homes are necessary in Florida.
houses dropping in value helps everyone if you think about it
The wages and loss of job that go with another recession would not. People couldn't afford expensive home for a few grand last housing bubble
I own a water mitigation/home renovation company here in Florida. And it has been a really tough year with those individuals who hold citizens insurance. There is a $10,000 cap on a lot of these claims for water. So if you have a substantial water event in a kitchen or bathroom. Good luck with 10k to fix all of that. I would just say if you have citizens make sure to know your caps so you can prepare ahead because unfortunately, they probably won’t take care of the entirety of some of the claims.
Affects my southern Alabama rates also...every year rates going up significantly and only have had couple minor claims in 35+ years....going to look at higher deductible option..
I never received a letter like that. I’m not with citizens but with another company and pay a lot. They have increased the rate by at least 15% per year over last 2 years. I don’t have any other options so I have to stay with them. This is crazy & out of control.
We paid our house off Early & tho we had just paid the upcoming years ins. bill with escrow, Citizens sent it back with a drop letter Before we even received the pay off letter from the mortgage co.
I live in SC 80 miles from the coast and couldn't get insurance and I tried 3 different companies. They all had 3 different excuses from hazards like a cat carrier in the backyard to not having central ac or heat.
Citizens sent us the same letter after IAN. We ended up selling and leaving Florida.
I got both letters.. called my agent at aaa.. we called citizens and said we wanted to stay on citizens and kept it moving.. easy peezy...
Look at what the insurance industry spends on advertising costs per year, 1.05 billion in 2022, and expenditures of 1.15 billion. That's dollars. Your dollars that's going to a club that we, the common man, aren't a member of with that kind of extravagant
spending on advertising, you'd think that we could get a break on our insurance policies just saying that we are getting screwed without a kiss. What are we going to do about it 🤔 absolutely nothing but bend over grab our ankles and spell run 😮give me your thoughts on this 🤔
More importantly, how much did they paid for bribes eh I mean lobbying.
Thanks Brent Bearer of Bad News Lol 😂
I’m sorry you are going through this in the Field you are in .. Must be Hard .. 😢 Looks Like we are all F-D
Our condo was devastated over 1 year ago. No insurance payments at all. Insurance? Is it really?
Up in Jacksonville!
It was folks being greedy in Florida and scum bag legal groups combined with scum bag roofing companies (and in the last few years mold companies) that did this, not hurricanes.
The door to door roofing companies, always pared up with a law office, that wanted to give everyone a free roof inspection and replace your roof, which might just need a minor repair or nothing at all, at cost to your insurance, every few years, at a premium of course, really pounded the insurance companies. We have potentially damaging wind events every year in most of Florida. But potentially damaging does not mean they are damaging, and even after a hurricane, you likely just need a few replaced shingles most of the time, not a new roof. You can read entire papers about this, but this scam is why most insurance companies that did not leave the state only pay a much lower % of roof replacement and require a roof inspection and repair anytime they renew now.
More recently is the "Free Mold Inspection" bit, where companies want to inspect your house for mold, and then link it to something covered by your insurance, and use it to do costly mold removal and then ongoing mitigation, all claimed against insurance.
Real bad mold can happen, and you should get it removed, for sure.
But this is Florida. Its rarely below 60% humidity.
I would wager that if you looked close enough and used enough test kits, you will find mold in nearly every structure in the state.
Until our laws tackle predatory legal and construction companies, and prevent this sort of scam, which only enriches lawyers and roofing companies / mold removal companies, insurance is going to continue to be difficult to obtain and keep in Florida. And its you, me, and every other home owner here that pays for it, every month, with massively increased insurance costs.
I remember a Florida of 1000 safoot concrete block one story homes . Well built with real good materials.unless a tree fell on you house hurricanes came and went . Big rain storm , exciting winds , never a concern for your home. New homes are crap even to code , the code helps amazingly but big fancy designs fail in big winds.
Brant, this is a serious issue/potential problem. I'm really sorry for what this is doing to FL residents. On a more positive note - that trail is so peaceful and beautiful. The perfect place for a nice stroll.
Citizens is a temp policy anytime they can find a policy for you that is about 25% higher than what you are paying they will push you onto the next company.
Citizen is the cheapest. 7 rentals 22 years experience. Your roof is the main concern. If it’s old then, yes except to pay more.
Google citizens complaints citizens insurance complaints. They don’t pay out.
Where is that trail you are on? It’s nice. My insurance went from $1,700 to $3,500. Waiting for my next increase.
We were dropped and they put us with Slide insurance. They wanted 13.5k for our home in Kissimmee!! We dropped them and went with Citizens, went down to 3,800. Now citizens wants us to get a new insurance company and they want us to get Flood insurance though we aren't even on a flood plain here. Citizens is just as much as a joke as any other insurance company here.
Why so much. Isnt it safe where you live
I got one of those letters from Citizens several months ago. None of the options they provided were within 20% so I elected to stay with Citizens. They did make me get flood insurance even though I am not in a flood zone, but that's not a bad thing to have anyway.
Great video
Just another way to tax people moving in to move back out. We’re full here.
Put Ron De santis out of politic. He doesn't care he is ready to move to DC.
He should have been voted out his first term, he never cared about Florida or it's residents. If you have lived here all your life he doesn't care about us.
@@karenpowell9905 He won re-election against a guy who had already been Florida governor, by 40 points. Your thinking is in the minority.
Careful what you wish for. You might have the best governor in the entire country.
@@johnd9272 We almost got Gilliam, the mayor of a small Florida city, who was caught with 2 guys, doing drugs in a hotel just months after he lost the governor's race. I don't mind that he' s ga y, but I do mind that he didn't tell his wife, the voters, anyone. In 2024, if you want to be a public figure, there is no reason not to come out. None. His wife and kids found out when we did.
Doesn't the state get federal government assistance or FEMA financial assistance when a disaster occurs? Doesn't this help rebuild homes for citizens??? If not, where does the money go? Isn't it obvious that a bad year or two could bankrupt an insurance company ptetty quickly?? Shouldn't the Federal government help instead of sending money all over the world??????
They just give more tax breaks to millionaires and billionaires!
Any got any info on what the impacts were to policy holders after Hurricane Andrew (1992) and Hurricane Katrina (2005) hit as those were at the time the most costly hurricanes? I do not recall hearing much about insurance issues outside of the delays in pay-outs. Wondering why this is happening now vs then. Also who was in office and what bills were passed by whom to support residence vs corporations? Your power to vote is your power. Don't be an ignorant citizen. We are all tired of self-serving greedy politicians. Time to put some normal people in office who get it. Don't you see the BS when a politician tells you he/she understands your pain when they have not been to the gas station, the grocery store, paid for a haircut, paid healthcare copays in decades?
I'm not a Florida resident but I have heard that when a hurricane hits an area there the price to replace whats damaged the contractors rip the home owners off unmersevbly . Why cant the state put in price restrictions on contractors and then expect insurance copanys pass the savings on to home owners ? It's not that hard to figure out price per square foot. 🇺🇸
My mortgage provider requires that I have an insurance policy. No insurance = foreclosure. I just paid out of pocket to put a new roof on to reduce the risk of getting dropped. I may only have two options in the near future: 1. Pay off the mortgage and self insure or 2. Sell the house and move to a rental unit.
It'd be best if you sell and move to high ground.
It's going to get worse living in Florida as time passes.
@@arguescreamhollerBULLSHIT, THE GOVERNMENT CONTROLS THE WEATHER
@@peterdean5300
Sure they do.
They got the technology from the aliens.
You can make over 100k a year and still feel poor. Everyone has their hand out to rob us blind. My friend bought a townhouse and her taxes alone are over 6k a year. Crazy things are happening in Florida. I’d leave so fast if I could ☹️.
S what is going to happen when people are not able to afford the insurance? People leave Florida?
we had same homeowners 20 years in fl & dropped after first claim by state farm
Oh wow
I could have money for a new roof with all the insurance money I've spent the past 11 years. Insurance is a huge scam.
I could have bought my car. Again. Four more times!!! 😮
Facts.
The funny part is... Right before this insurance craziness started, DeSantis signed a law that makes it nearly impossible to sue the insurance companies in FL. He said it would lower premiums 😂😂😂. Now insurance went up 300% and there's nothing we can do about it, because they don't allow us to them. He knew what he was doing...
have no insurance for two years living fl
You missed the comment about assessment if citizens becomes insolvent the policy holders can be charged an additional assessment fee to generate the funds needed to pay the claims for the other policy holders. Imagine that some folks could go bankrupt because they were a policyholder with them.
Forced to have flood insurance whether in a flood zone or not no thanks
Wait till next year , or one more big storm. I built in 2010 1700 square feet over built three times as strong as standard . My wife took me aside and asked Why? I explained that I was building for the days that there is no homeowners insurance. Imagine that 14 years later .
What about Alabama? Are homeowners experiencing the same kinds of things along the coast? Orange Beach or |Gulf Shores? Should a buyer go there instead of say Perdido Key? Your thoughts appreciated.
Good question. I do like Florida better for real estate but right now we are in a rut. Hopefully it will pass.
Alabama is way cheaper, I saw a video of a woman who purchased a home on the Alabama side of the border but works as a nurse on the Florida side. By doing that, she got the house cheaper, cheaper car insurance, and no income tax on the Florida side. Seems pretty smart.
So what is the effect on trying to sell our house?