Progressive begins dropping thousands of insurance policies in Florida

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  • Опубліковано 25 кві 2024
  • In the middle of what’s being called a “property insurance crisis” in Florida, several local homeowners said their policies are being dropped by Progressive, one of the biggest property insurance companies in the country.

КОМЕНТАРІ • 410

  • @GeneralTso-nl8tk
    @GeneralTso-nl8tk 27 днів тому +150

    Life in FL. But even if you have insurance, they still won't pay for your hurricane damage. Insurance companies have a license to steal.

    • @francismarion6400
      @francismarion6400 27 днів тому +6

      You have to pay attention to the wording in your policy.

    • @joelsandler1119
      @joelsandler1119 25 днів тому +10

      I'm moving to South Carolina. I'm done with Florida.

    • @Jersey1971
      @Jersey1971 23 дні тому +4

      ​@francismarion6400 it says "we ain't paying for sh*t"

    • @DonP-gf5hn
      @DonP-gf5hn 17 днів тому +3

      Thank your great governor for this insurance mess.

    • @joelsandler1119
      @joelsandler1119 16 днів тому +4

      @@DonP-gf5hn I wouldn't brag about being a democrat, if you are one.

  • @gregwood1491
    @gregwood1491 15 днів тому +18

    Insurance is a Big Rip Off

  • @user-lh5re8jh7u
    @user-lh5re8jh7u 27 днів тому +91

    If the house is uninsurable and the taxes are too high, is the property worth anything?

    • @UncleDavesKitchen
      @UncleDavesKitchen 27 днів тому +7

      and who will buy it with all those expenses? Who will they sell it to to move out of Florida?

    • @HanginInSF
      @HanginInSF 27 днів тому +9

      How do you get a mortgage without insuance? Also, failure to maintain insurance is usually an event of default.

    • @stinew358
      @stinew358 27 днів тому +7

      The house is not uninsurable. It may be expensive to insure, but that's how it is for some areas in Florida. Usually, you find another insurance company and you'll learn how much you were overpaying the previous company. Had this problem with all state.

    • @huntncover
      @huntncover 26 днів тому +13

      They're about to find out . The rich man's game is coming to an end . The insurance companies and corporations are getting swallowed up too . No more " Too big to fail " . It's always been a mathematical fact . You can't have obscene growth and profits forever . Sooner or later , greed prices everyone out of business .

    • @andre9095
      @andre9095 19 днів тому +4

      “Who are you going to sell the houses to?!?
      Aquaman”

  • @RonSlinker-dt7vr
    @RonSlinker-dt7vr 27 днів тому +55

    I had auto insurance with progressive. No accidents claims or tickets. They hiked my premium 35%. Sue these vultures anytime you can. Creeps.

    • @neilkurzman4907
      @neilkurzman4907 22 дні тому +4

      So you’re the actual problem. Your insurance went up because the cost of providing insurance went up. So your answer is I want my lawmakers to punish insurance companies. Well this is what happens when the lawmakers do that the insurance company leaves your state and you don’t have any insurance. This is one of the reasons why all these insurance companies are bailing out of Florida

    • @tfive24
      @tfive24 12 днів тому +2

      Why should he pay more for insurance?

    • @I_SuperHiro_I
      @I_SuperHiro_I 11 днів тому

      @@neilkurzman4907incorrect. It’s about property crime, population, where your car is parked, what kind of car it is, frankly whether it’s a blue or red county, your age, your sex….it rarely has to do with your driving unless you keep crashing.
      Want to lower your insurance? Get as much Section 8 Housing removed from your county, never ever vote for any Democrat for any position in any locality for any reason, elect a sheriff who will arrest criminals, and judges who will keep them in jail, and keep out invading leftists from cities they’ve already destroyed.

    • @nowhere474
      @nowhere474 11 днів тому +4

      BIDENOMICS....
      INFLATION...
      your paper dollar isn't worth much

    • @neilkurzman4907
      @neilkurzman4907 11 днів тому

      @@nowhere474
      We’ve had about 10 years of historically low inflation. And you thought that was gonna last forever the entire world experienced inflation and you think it’s just Biden and now that it’s almost over you’re never going to let it go until a Republican gets elected at which point you were going to declare the problem solved .

  • @judebrenner4559
    @judebrenner4559 27 днів тому +49

    We had them. After eight years they wanted double from 4,000 dollars to 8,000 !😡 I am now with Citizens.

    • @francismarion6400
      @francismarion6400 27 днів тому +2

      Did the cost to build your house also double in that amount of time?

    • @Already100
      @Already100 27 днів тому +5

      And how many times have you claimed?😂

    • @shenmisheshou7002
      @shenmisheshou7002 27 днів тому

      If you have to have flood insurance, hold on you your hat because that program is in danger of being de-funded by the government. The federal government may defund the National Flood Insurance Plan (the "Socialist" government insurance program that allows people to live in flood prone areas). The problem is that all of the other states are complaining that Florida makes far more flood claims on the system than it pays in, and congress is telling FIPA that they have to fix that. Under the leading proposal, flood insurance in Florida will triple. That could be $3000 a year up from $1000 for most costal areas.

    • @Omar_Zazzle
      @Omar_Zazzle 26 днів тому +1

      Citizens!

  • @MichaelBrown-ny3et
    @MichaelBrown-ny3et 27 днів тому +37

    Insurance is a total scam in Florida.

    • @mjblue84
      @mjblue84 26 днів тому +15

      Correction: "Insurance is a total scam, period."

    • @neilkurzman4907
      @neilkurzman4907 22 дні тому

      No insurance was a total scam on the insurance companies in Florida. That’s why they’re leaving. That’s what happens when lawmakers decide to pander to voters by punishing insurance companies.

    • @rogerbec5766
      @rogerbec5766 21 день тому +5

      Ok. So, why are insurance companies leaving Florida? If insurance companies were scamming homeowners, their profits would be soring and they'd be staying. Dig deeper, I think you know the answer. Hint: Has to do with attorneys and contractors.

    • @shanematthews7713
      @shanematthews7713 21 день тому +1

      The name says Progressive. Lets get rid of it and get TRUMP insurance. That will make us respected finally.

    • @jeffg4686
      @jeffg4686 21 день тому

      @@mjblue84 - correct...

  • @carlr8061
    @carlr8061 27 днів тому +40

    Couple more years my house will be paid off so I'm doing everything I can to make my house safe from all threats as much as possible & then cancel my extortion, I mean insurance company.

    • @UncleDavesKitchen
      @UncleDavesKitchen 27 днів тому +4

      I'm in Phoenix, my property insurance is very affordable here.

    • @whyjustwhy2168
      @whyjustwhy2168 11 днів тому

      I think about this but I'm like is it worth the risk I don't have money to pay out of pocket but then again u find a way. The insurance company may not pay and that's crazy to think. I live in ohio BTW is cheaper for insurance

    • @sandyjuntunen4088
      @sandyjuntunen4088 10 днів тому +1

      Keep putting that $$ in the bank each month. Earn some interest, don't spend any. If something happens you'll be able to fix it.

    • @sandyjuntunen4088
      @sandyjuntunen4088 10 днів тому

      @@UncleDavesKitchen y'all don't have weather catastrophes. Crimes are the biggest problem.

    • @UncleDavesKitchen
      @UncleDavesKitchen 10 днів тому +1

      @@sandyjuntunen4088 That's why I moved here. I researched taxes, weather patterns, housing values and moved here purposely. We're not trees, we aren't stuck in one spot by our roots, we can move. Make informed decisions to put the odds in your favor for a better life down the road.

  • @om-nj2hw
    @om-nj2hw 26 днів тому +65

    Sur wish DeSantis would stop focusing on the war on woke, and deal with real issues, like insurance, that is causing so much suffering in Florida.

    • @missaamane8580
      @missaamane8580 15 днів тому +3

      Yes

    • @volcan84
      @volcan84 15 днів тому +3

      A lot of people don't know but I bet political contributions have a lot to do de Santos is not focusing on real problems why your answer is this insurance company's may give him a big chunk on political contributions and Florida governor playing blind on what's is happening with homeowners insurance problems in the state of Florida I bet he had a lot to do on this issue is like I give you a good amount of money your political campaign and we can do whatever we want that's the problem.

    • @soundcheck2k7
      @soundcheck2k7 14 днів тому +8

      The real issue is y'all outsiders INFESTING the state, which is driving up the costs.

    • @cameronf3343
      @cameronf3343 14 днів тому

      The sociocultural wars from both sides are just a diversion. Absolute charade. He, like every other congressional, is doing it very much so on purpose.

    • @Pilarskiapril67
      @Pilarskiapril67 12 днів тому

      Exactly what I was thinking ​@@volcan84

  • @eprofessio
    @eprofessio 27 днів тому +46

    Gypsy roofers have destroyed insurance in Florida. Millions of dollars of roofs replaced just for the simple fact of roofing for profit.

    • @Hardworkandrealestateprofits
      @Hardworkandrealestateprofits 27 днів тому +5

      It’s not just in Florida. Same thing happens here in Kansas so I’m sure it happens everywhere. It sucks but if I was an insurance company I would exclude coverage for roofs or water damage because of a negotiated roof. I’m no fan of insurance companies but they can’t pay for new roofs for people all the time and have reasonable prices.

    • @jtpalooki7757
      @jtpalooki7757 27 днів тому +6

      @@Hardworkandrealestateprofitsexcept in Florida, you don’t replace your roof when it needs replacing, you replace it when you’re insurance company tells you!…

    • @Hardworkandrealestateprofits
      @Hardworkandrealestateprofits 27 днів тому +1

      @@jtpalooki7757 I understand that. I wasn’t only talking about Florida though.

    • @francismarion6400
      @francismarion6400 27 днів тому +7

      Lawyers did it. They found a way to sue for a new roof when there was only a couple tiles missing.

    • @DeadCat-42
      @DeadCat-42 27 днів тому

      They force insurance companies to cover the empty Mcmansions built for foreign investors (criminals mostly) to hide money built on the coast which will have to be rebuilt every few years fro hurricane damage.
      So homeowners inside Florida are subsiding the billionaire investment houses.
      Let the FREE MARKET DECIDE Florida! Socialism for the rich is what you got!
      Don't force insurance to cover houses in Hurricane zones!!

  • @Renee-kk1hf
    @Renee-kk1hf 27 днів тому +47

    He said successful Depopulation in 2024 😳👈🏼

    • @huntncover
      @huntncover 26 днів тому +9

      I caught that immediately . They don't even hide it anymore .

    • @rogerbec5766
      @rogerbec5766 21 день тому +6

      Wonder if he was referring to something that went on in 2021 when people started rolling up their sleeves to flex their muscles.

    • @G_Demolished
      @G_Demolished 20 днів тому +4

      @@rogerbec5766Why not? You can believe literally anything if you require no evidence. Just completely make up your own version of what you think happened. 🤷‍♂️

    • @tranquility9325
      @tranquility9325 14 днів тому

      While they massively increase the migrant situation which increases population. The rest of the world is laughing at the idiocy here.

    • @Lauren-vd4qe
      @Lauren-vd4qe 10 днів тому

      that x an ee emp pea = depropulation....@@rogerbec5766

  • @alfavulcan4518
    @alfavulcan4518 27 днів тому +26

    Where is Flo and her gang of happy co-workers?

    • @UncleDavesKitchen
      @UncleDavesKitchen 27 днів тому +3

      HA...hahaha...right, where are they now?

    • @daveehh3687
      @daveehh3687 27 днів тому +1

      I want to know where Jake from state farm is

    • @mjblue84
      @mjblue84 26 днів тому +1

      "Flo is laughing all the way to the Bank!"

    • @huntncover
      @huntncover 26 днів тому +4

      Not in Flo - rida , that's for sure .

    • @shanematthews7713
      @shanematthews7713 21 день тому +1

      She's in a state not sinking into the gulf of Mexico

  • @raybod1775
    @raybod1775 27 днів тому +41

    Not nice, but smart move to drop insurance policies in Florida before hurricane season!

    • @shenmisheshou7002
      @shenmisheshou7002 27 днів тому +1

      The real bad news for Florida is that the federal government may defund the National Flood Insurance Plan (the "Socialist" government insurance program that allows people to live in flood prone areas). The problem is that all of the other states are complaining that Florida makes far more flood claims on the system than it pays in, and congress is telling FIPA that they have to fix that. Under the leading proposal, flood insurance in Florida will triple. That could be $3000 a year up from $1000 for most costal areas.

    • @francismarion6400
      @francismarion6400 26 днів тому +3

      @shenmisheshou7002 And that's fine, they never should have started Federal flood insurance in the first place. It literally caused people to build where they traditionally wouldn't have.

    • @shenmisheshou7002
      @shenmisheshou7002 26 днів тому +1

      @@francismarion6400 Actually, the problem was that they had already built, and as is the case with insurance companies in Florida pulling out, had the government not stepped in, all of those properties that had been built before NFIP would have become worthless, which would have been an economic disaster. Congress decided that the NFIP was the lesser of two evils. IF they don't restructure it and congress does not re-fund it in September, hundreds of billions of dollars will disappear from the economy. The outcome here is pretty predictable. The leading proposal will go forward and flood insurance rates in Florida, and all of the gulf coast states will double or triple. The property values will fall until they monthly payments are affordable again, and life will go on. Many hundreds of millions, and possible billions will be lost, and property taxes will have to increase or governments will have to rein in spending, but it will all work out, though no one will walk away from it happy.

    • @francismarion6400
      @francismarion6400 26 днів тому

      @@shenmisheshou7002 No hundreds of billions won't drop out of the economy. Banks will just have to live with the decision and act accordingly for future loans. The NFIP was started for a few Mississippi farm owners. Started by Democrats. And it snowballed to the monstrosity we have now. FEMA doesn't just pay for hurricane damage either and it was already depleted before Ian hit Ft. Myers. That's why they ran out of funds and Florida had to finish paying for it. FEMA needs to go the way of the dodo. Screw the banks.

    • @dabeage
      @dabeage 25 днів тому +3

      @@shenmisheshou7002 Smaller government and no handouts, it's the Republican mantra, there is no reason to complain. This is what you wanted.

  • @dipfedcamaro1645
    @dipfedcamaro1645 13 днів тому +8

    Soon we will need insurance for our insurance

    • @reubensandwich9249
      @reubensandwich9249 10 днів тому

      That actually is a thing. Insurance companies don't have enough capital to survive excessive claims so they purchase insurance to cover it. It's much like the FDIC.

    • @edmartinez6946
      @edmartinez6946 8 днів тому

      Excess insurance and reinsurance already exists. Nothing new.

  • @Watk72
    @Watk72 27 днів тому +16

    It’s not just in Florida we had them in Michigan for years for homeowners insurance and in 2022 our insurance went from $3,000 a year to $7,500!

    • @UncleDavesKitchen
      @UncleDavesKitchen 27 днів тому +5

      I'm in Phoenix , my insurance has gone up $112 a year in the past 6 years.

    • @Stickyshift12335
      @Stickyshift12335 13 днів тому +1

      ​@@UncleDavesKitchennot bad compared elsewhere

    • @beyondthedetails
      @beyondthedetails 10 днів тому +1

      Imagine having insurance and in 10-Years(if they don’t increase) you put in 75K… All to 99% never even use it.

  • @oddshot60
    @oddshot60 27 днів тому +17

    Wait for the next big hurricane season. Citizens won't survive the payouts either. Florida shouldn't feel bad ... its the same in California with the wild fires.

  • @NanaPapa123
    @NanaPapa123 27 днів тому +17

    A bunch of snakes

  • @quantumquestions5849
    @quantumquestions5849 27 днів тому +22

    They also need to be doing lots of refunds also. especially if you never used it. SUCCESSFUL DE POPULATION Hmmmmmmmm???

    • @bobroberts2371
      @bobroberts2371 27 днів тому +2

      Refund for what? The policies are not being renewed after the current term expires. As for getting a refund if the insurance was not used ( claim not filed,) do you really understand how insurance works?

    • @Renee-kk1hf
      @Renee-kk1hf 27 днів тому +5

      @quantumquestions 👁 yes I’m glad you heard that at 1:34 seconds in. Believe your ears.

    • @G_Demolished
      @G_Demolished 20 днів тому

      😂Google what depopulation means in an insurance setting, then slowly remove the foil hat.

  • @FLBuckeye
    @FLBuckeye 27 днів тому +26

    Progressive tried to double our premium last year and we switched to Citizens. We had great insurance with a little company called ASI. Progressive bought ASI and then the trouble started for us. I believe most of ASI's policies were in Florida, so why did Progressive buy them if they didn't want to do business in Florida? They sell a lot of car insurance here. Perhaps Florida should require companies to sell all lines in Florida or none. Why couldn't they just leave little ASI alone?

    • @Renee-kk1hf
      @Renee-kk1hf 27 днів тому +6

      @Fl buckeye please listen to the 1:34 mark in video. 😳 successful depopulation by 2024

    • @Cmunic8
      @Cmunic8 27 днів тому

      @@Renee-kk1hf😂😂😂 oh dear, what does that comment mean to you?

    • @mikemiller659
      @mikemiller659 26 днів тому

      @@Cmunic8 especially with MILLIONS OF ILLEGALS flooding into the country

    • @HumansAreBots
      @HumansAreBots 22 дні тому +2

      The name of the game with companies like ASI is to enter a space and do better business at a better price than their largest competitors. Once they gain enough of a market share, it forces their big competitors to buy them out.

  • @mojoswifty360
    @mojoswifty360 12 днів тому +3

    This is by design so investment companies can buy the homes that people cannot get a mortgage on. You do not have to buy insurance if you pay cash for the home.

  • @renewashington791
    @renewashington791 26 днів тому +10

    “Depopulation” ????

    • @G_Demolished
      @G_Demolished 20 днів тому

      Google it.

    • @SirBrucie
      @SirBrucie 9 днів тому

      No no no pay no attention to that, just pay your taxes pleae...thank you.

    • @G_Demolished
      @G_Demolished 9 днів тому

      @@SirBrucie Or just look up what it means in an insurance context.

  • @bigrich6750
    @bigrich6750 20 днів тому +5

    This can easily be fixed. Every Florida resident needs to call their state representative and tell them that the Florida legislature should immediately to pass a law stating that insurance companies who sell car insurance in Florida must offer Homeowners and Wind policies to Florida citizens at market rates or leave the state entirely. Watch how fast insurance companies reverse course. Insurance companies want the easy money with no risk. The Florida legislature, due to lots of money, (aka bribes) from lobbyists, has been far too accommodating to insurance companies at the expense of Florida’s citizens. That needs to change and change now.

    • @G_Demolished
      @G_Demolished 20 днів тому +3

      Good way to leave yourselves without car insurance as well.

    • @brocklanders6969
      @brocklanders6969 11 днів тому +2

      Good luck with that strategy. They will leave the market.

    • @buckbenelli8
      @buckbenelli8 10 днів тому +1

      Would you insure a property in a high risk state like Florida? Unlike certain politicians and cultists, insurance companies understand climate change and risk. We are cooking this planet, ice caps are melting and the oceans are dying. But we continue to deny reality and build in high risk areas.

    • @bigrich6750
      @bigrich6750 10 днів тому

      @@buckbenelli8 First, we’re not cooking the planet. We are at the end of an ice age, and there’s been some nominal warming, which has happened throughout history. Did you know that Antarctica, which is now under miles of ice, once had green forests? During the middle age warm period, Greenland was clear of ice and grew abundant crops. There has been no increase in either in the number or strength of hurricanes. That’s a complete myth. As far as insurance, I’m 68, and I’ve lived on the Gulf Coast all my life, and in Florida for over 50 years, not more than 20 minutes from the beach. I’ve had very little damage from hurricanes. I lived through some monster hurricanes, included Hurricane Camille in 1969, with very little damage. About 90 percent of insurance claims are for those who live directly on the water, or very close to it, and experience storm surge. Damage from hurricanes goes down drastically the further one lives from the water. Those who do not live directly on the water, have always subsidized the premiums of those who do. Insurance companies want zero risk. They want premiums but no payouts or an extremely low payout to claims ratio. Again, these companies make billions selling car insurance. Tell them they must offer homeowners and wind or leave the state. All they have to do is offer rates that match the risk. Those who live on the water should expect to pay much higher rates. Problem solved.

    • @langhamp8912
      @langhamp8912 9 днів тому

      Seeing as how so many insurance companies have simply left Florida (and California), I don't see that being a realistic option. What might be more realistic, and is now being done, is to simply have all tax payers pay for housing insurance regardless of whether they have a home. In other words, all Floridians pay into a government insurance fund.
      But high insurance prices are a good thing; they tell you that you probably shouldn't be building, buying, or doing something that is really dangerous. If you insist on buying and driving a fast car, then your insurance rate should reflect that. If you insist on living in a flood area that is hit several times by hurricanes, then your insurance rate should reflect that.
      Changing your government won't make one iota of difference as to whether (or weather) your house gets flooded. You should move if it is.

  • @festungkurland9804
    @festungkurland9804 9 днів тому +3

    THANKS RON!

  • @necroslair
    @necroslair 19 днів тому +3

    Tell the insurance companies that if they want to drop homeowners policies then they can’t insure automobiles either…

    • @brocklanders6969
      @brocklanders6969 14 днів тому

      It won't make a difference. Neither is very profitable. P & C insurance is a very small margins insurance line. Most have underwriting losses and what little profits they make are from investing the premiums.

  • @mrobfuscation2765
    @mrobfuscation2765 27 днів тому +4

    The new "insurance" companies probably will not survive a single hurricane.

  • @Jersey1971
    @Jersey1971 23 дні тому +4

    Thank God I didn't bundle my insurance with them

  • @Dohair879
    @Dohair879 26 днів тому +23

    Progressive where they steal from you, then drop you. How much is that CEO making?

    • @jbar_85
      @jbar_85 21 день тому +2

      Tons

    • @brocklanders6969
      @brocklanders6969 14 днів тому +1

      How much is the CEO of Apple and Starbucks making?

    • @michellejohnson5217
      @michellejohnson5217 11 днів тому

      @@brocklanders6969customers should not be price gouged since insurance is a necessity. Starbucks isn’t.

    • @brocklanders6969
      @brocklanders6969 11 днів тому

      @@michellejohnson5217 No one is being gouged. If they were making a profit in the state, they wouldn't be leaving. Fyi, P & C insurance is very competitive and has extremely low profit margins. CEO pay is based on experience/responsibility -- comparable skillset comparable pay.

    • @Voltron21
      @Voltron21 10 днів тому

      ​@@brocklanders6969 yeah a company valued at 124 billion dollars who's CEO makes 15 million dollars a year, 94% of which are bonuses, who owns just under 10% of the stock.
      The agreement is supposed to be you pay insurance and insurance takes care of major repairs when needed. Not supposed to be I pay my premiums and they get to bail right before I might need them.

  • @lynncollver6067
    @lynncollver6067 27 днів тому +4

    Remember to really focus on what you're needing in your policy .
    After a flood ,after a tornado , or before a hurricane or fire is not the time to look for the right policy 😢

  • @haywood4299
    @haywood4299 21 день тому +2

    Who would have guessed that living in a hurricane flood zone was risky huh?

  • @bdodd101
    @bdodd101 10 днів тому

    Yep, they dropped me last year because they said that my roof was 18 years old. I paid $10k out of my own pocket to get my roof replaced and they still would not add me even with a new roof. It took me a year to find decent insurance. I've been living in Florida for 25 years and I think I'm over it now.

  • @mike-uw6wt
    @mike-uw6wt 27 днів тому +4

    Go anti-woke, go Broke. 🤣

  • @user-ob4em4ge6c
    @user-ob4em4ge6c 19 днів тому +2

    Home values are crashing. Especially condos in Florida.

  • @festungkurland9804
    @festungkurland9804 9 днів тому +1

    THANKS RON DESUCKTIS

  • @marquesmurray
    @marquesmurray 12 днів тому +1

    Imagine running a business with guaranteed profit...lol

  • @evilamo
    @evilamo 13 днів тому +1

    Good thing the Florida governor is focusing on issues like trans kids playing sports and flying migrants around the country on tax payer dimes. stuff that matters

  • @sandyjuntunen4088
    @sandyjuntunen4088 10 днів тому

    There should be some laws against this dropping people without warning. They're not losing money, just not raking in as much profit if they give them another year. After all they made off loyal customers for so long they owe it to them.

  • @guiltyuntilproveninnocent.
    @guiltyuntilproveninnocent. 27 днів тому +5

    Not progressive at all.

  • @bunberrier
    @bunberrier 27 днів тому +2

    My insurance has gone up almost 6k in the last 10 years or so. Its as much as the P&I. More, actually. Im going to pay the house off quickly, carry a small partial policy, and put the rest in a fund I control, and self insure.
    I had my first claim in 30 years last year, so I didnt know how it worked. Basically they showed up, didnt question anything I said, and wrote a huge check. They said if I needed more let them know. What would a dishonest person have done with that? I dont like to think about it. But now I know, Im paying for them to pay out to liars, thats part of it.

  • @MeetThaNewDealer
    @MeetThaNewDealer 27 днів тому +11

    All of those midwesterners who fled to Floriduh during the pandemic. Will soon be fleeing back up to the midwest when a cat 4 or 5 hurricane destroy their property, and they have no insurance to cover it. 😂😂😂

    • @Hardworkandrealestateprofits
      @Hardworkandrealestateprofits 27 днів тому +2

      Per the report’s I’ve seen most came from New York and California

    • @UncleDavesKitchen
      @UncleDavesKitchen 27 днів тому +1

      Right, so many from the cold midwest moved there. I've never even visited Florida, it looks so beautiful and I can see why people want to live there, except for the devastating storms. Corporate investors snagged up those midwest homes for rentals, probably knew they'd be trying to get back and now few options to buy

    • @neilkurzman4907
      @neilkurzman4907 22 дні тому

      @@Hardworkandrealestateprofits
      New Yorkers have been moving to Florida for decades. That’s why it’s a retirement capital.
      Florida is not cheap living anymore. Decades ago people moved to California because it was cheap. But neither one is anymore. People go other places now.

    • @ladyruler9585
      @ladyruler9585 10 днів тому

      I hope you never experience the wrath of mother nature.

  • @RoeMaker
    @RoeMaker 12 днів тому +1

    Floridians can sleep peacefully at night knowing that they don't have to worry about those woke books.

  • @ashvandal5697
    @ashvandal5697 10 днів тому

    Canceling insurance plans without agreement of the insured should come with a total refund of all money since the last claim was paid, otherwise it is simply theft.

  • @quartytypo
    @quartytypo День тому

    Citizens sent a drone to inspect my property. I gave the drone the finger. Next week they dropped me.

  • @macrichardson7904
    @macrichardson7904 27 днів тому +1

    I can understand why they do not want to insure properties that are 30 feet from the beach, but WE THE PEOPLE who don't pose any risk to them should NOT have to foot the bill for these peoples claims. I should not have to pay more for my insurance because some dude in his mega mansion on the ocean just lost his home from a natural disaster. THAT is the unfair part of insurance.

    • @neilkurzman4907
      @neilkurzman4907 22 дні тому

      Yeah, it turns out that insurance companies are limited to which policies they can exclude by state law. And during the previous governor ship in Florida, a lot of homes were built in places that were guaranteed to get hurricane damage. Because Florida is a free state and people should be allowed to build wherever they want, or so he said

  • @ag1382
    @ag1382 27 днів тому +1

    Our old Insurance Co. wacked our policy just over two years ago; forced to Citizens; one year later wacked by Citizens; forced to the one bidder deal to some other (never heard of) insurer; waiting for hurricane season.

  • @stevendeen4391
    @stevendeen4391 9 днів тому

    Progressive is owned by its shareholders, as it is a publicly-traded company. The biggest shareholders are The Vanguard Group, BlackRock Fund Advisors, and Wellington Management, which have a combined ownership stake of almost 20%, according to public records, as of Q1 2021.
    Blackrock still at it

  • @mnm2007
    @mnm2007 27 днів тому +5

    That's your beautiful capitalism lol

    • @francismarion6400
      @francismarion6400 27 днів тому

      It was the Blue States whose lockdowns caused the price of everything to skyrocket. Nothing to do with Capitalism.

    • @betsybarnicle8016
      @betsybarnicle8016 27 днів тому

      Crony capitalism. It needs regulated, but insurance co. corruption is sanctioned by state and fed. gov. It's just criminal corruption, found in any form of gov. run by mankind. Capitalism, with enforced laws/regulations, is still the best system.

  • @ElanaMccullum
    @ElanaMccullum 9 днів тому

    BUT YOU GOT YOUR FREEDUMS😂😂😂

  • @itsrandolphbischhh6592
    @itsrandolphbischhh6592 10 днів тому +1

    You living in Florida...hold this L

  • @strait08
    @strait08 10 днів тому

    They need to be regulated

  • @Voltron21
    @Voltron21 10 днів тому

    They should have to refund the money already paid for the cycle. How convenient they can drop you right before the season in which you need them the most.
    Its all good when you pay them, but god forbid a disaster strikes and they have to uphold their end of the bargain.

  • @pwu8194
    @pwu8194 27 днів тому +1

    I only buy insurance in hurricane season. They only sell insurance off hurricane season.

  • @WNHTCT
    @WNHTCT 27 днів тому +5

    Can't banks call in loans if the mortgage holder doesn't have insurance?

    • @lpz6564
      @lpz6564 27 днів тому +5

      The bank will force an insurance on you at a very high price.

    • @francismarion6400
      @francismarion6400 27 днів тому +3

      During the last recession, no. The banks didn't want any more properties on their balance sheet.

    • @neilkurzman4907
      @neilkurzman4907 22 дні тому +1

      In Florida, they have a state insurance company called citizens. So you can get insurance, but it’s going to be expensive.

    • @edmartinez6946
      @edmartinez6946 8 днів тому

      Yes, the mortgage company can call the loan.

    • @francismarion6400
      @francismarion6400 8 днів тому

      @edmartinez6946 The better question is: if the same scenario unfolds this time, how poised is a company like Blackrock to quickly buy up all these properties on a moments notice? Because that would make a difference on whether the banks allow a property to go uninsured again. Before, there were no buyers.

  • @BajatheChickenMan
    @BajatheChickenMan 27 днів тому +1

    Shocker, these con artists are all pulling the rug out and running.

  • @Johnwicker1903
    @Johnwicker1903 27 днів тому +3

    Theyre listening to the forecasters. This year will be supercharged hurricanes and wildfires. The strong el nino will become a strong la nina.

  • @vincentzincone8012
    @vincentzincone8012 13 днів тому

    They shouldn't be able sell car insurance in Florida then. They can't have it both ways!

  • @Jan96106
    @Jan96106 12 днів тому

    A lot of insurance companies are doing that in different states.

  • @sambino2726
    @sambino2726 12 днів тому

    People who recently moved here are going to realize FL is not all sunshine and beaches.

  • @dbrew2u
    @dbrew2u 17 днів тому

    Doesn't stop the nearly Million people a year from moving to the Hurricane State of Florida does it ?

  • @TerryComo2010
    @TerryComo2010 12 днів тому

    Maybe if they quit spending so much money on utterly stupid commercials, they might have enough left over to pay claims, instead of cancelling policies!!

  • @michellejohnson5217
    @michellejohnson5217 11 днів тому

    The bank should be paying for the insurance. It’s their house until you pay it off! Why saddle the mortgage holder with this expense?

    • @brocklanders6969
      @brocklanders6969 11 днів тому

      The cost will still get passed onto the homeowner via much higher interest rates to cover the cost of the insurance.

  • @joec9553
    @joec9553 14 днів тому

    It's a rollercoaster since Andrew and Wilma.

  • @zoner__
    @zoner__ 26 днів тому

    Seattle - $650 and auto with 2M umbrella $2200

  • @didibolter9362
    @didibolter9362 26 днів тому +1

    How can Progressive Insurance get away with doing this?

    • @randyrrs7028
      @randyrrs7028 24 дні тому +2

      theyre laughing all the way to the bank, getting free money from people for years

  • @shadowfourgolf
    @shadowfourgolf 10 днів тому

    So we'll take your money, and the government will bail you out

  • @tudofett
    @tudofett 15 днів тому

    Time for my family to seek a different provider. I do t want them pulling the rug out from under us, even though we are in a land locked state. It's a sign of their true character, and also a sign of how bad they are at balancing their ledger. Don't want this spilling into my families lives.

  • @northernbohemianrealist1412
    @northernbohemianrealist1412 9 днів тому

    As a Republican and proud NRA member, I say YES!
    If your Florida home faces hurricanes, floods, fires, or vandalism, MAN UP! Pick yourself up by your bootstraps. Stop whining, keep paying that mortgage, and just live in your car for the next decade or so.

  • @Renee-kk1hf
    @Renee-kk1hf 27 днів тому +3

    1:34 seconds in listening 😳

  • @steven4315
    @steven4315 27 днів тому +3

    Didn't Florida announce that 8 new insurance companies were selling insurance in Florida?

    • @Bradimoose
      @Bradimoose 27 днів тому

      They're only back because they can get super high rates. It's all the same executives from failed companies starting new subsidiaries. Tampa Bay Times just did a article about it. UPC insurance is Coastal Insurance now, same people all making 500k+ a year.

    • @koolaidman239
      @koolaidman239 27 днів тому

      Maybe mortgage insurance…

    • @francismarion6400
      @francismarion6400 27 днів тому +1

      yes.

  • @justinsternhagen4698
    @justinsternhagen4698 27 днів тому +1

    Will Florida have so many empty homes WE could house the homeless?

    • @neilkurzman4907
      @neilkurzman4907 22 дні тому

      Well, houses, and areas that are constantly hit by hurricanes will certainly become abandoned. Other ones will simply become worth less money.

  • @mujkocka
    @mujkocka 14 днів тому

    Action has consequences. If they haven’t watched inconvenient truth and the choice of their elected officials. Tough cookie

  • @Marc_Masters
    @Marc_Masters 13 днів тому

    I wonder if they would have said the same to BlackRock

  • @mateok15
    @mateok15 13 днів тому

    Progressive is to aggressive.

  • @zeke5491
    @zeke5491 6 днів тому

    Insurance may become a thing of the past

  • @drdoc7508
    @drdoc7508 20 днів тому

    If you have recently moved to Florida- Move! Before you lose All your money

  • @shenmisheshou7002
    @shenmisheshou7002 27 днів тому

    The irony is that the GOP fought climate change, but 15 years ago, experts predicted that Florida would be the first and the most affected by climate change.

  • @HumansAreBots
    @HumansAreBots 22 дні тому

    Why would they want to insure homes that people are inflating values of? If anything happened they’d have to pay out ridiculous amounts. You bought a house for 150 K and think it’s worth 400 even though you made no upgrades? With all that equity you don’t need insurance you have plenty to cover cost for your own repairs. Good luck folks.

  • @DC9848
    @DC9848 20 днів тому

    Insurance companies should be required to invest into decreasing the probability of car thefts/property damage/flood impacts instead of investing in the stock market with the immense profits collected from insurance customers
    Ask yourself when was the last time an insurance company installed GPS tracking into cars / bikes to help police track and catch criminal organizations. When was the last time insurance company donated smart fire alarms to houses or bumber covers for iphone owners (you shouldn't be able to claim a broken iPhone if you had a bumber cover)

  • @user-sd8ec5xx5h
    @user-sd8ec5xx5h 17 днів тому

    The governor should step in what is he waiting for

  • @FutureJ23
    @FutureJ23 27 днів тому +1

    Progressive shady

  • @user-qh9bb8tx1n
    @user-qh9bb8tx1n 20 днів тому

    Citizens does not cover hurricane claims

  • @edwardbrownstien8741
    @edwardbrownstien8741 9 днів тому

    Got a question:
    What does he mean by "successful depopulation in 2024?"

  • @sarabeth8050
    @sarabeth8050 27 днів тому

    What is the governor doing about this?

    • @jonnanderson6489
      @jonnanderson6489 27 днів тому

      Insurance companies, executives and agents have donated $74 million to Florida politicians since 2019, with Desantis getting $3.3 million and the chief financial officer for the state Jim Patronis (who oversees insurance regulation) has taken nearly $2 million. Insurance industry donors gave $9.9 million to "Friends of Ron Desantis" and the republican party since 2019. I could go on but I think that's a good start.

    • @francismarion6400
      @francismarion6400 26 днів тому

      @@jonnanderson6489 And your house still gets insured for roughly 1% of the value, as always.

    • @G_Demolished
      @G_Demolished 20 днів тому

      Fighting Mickey Mouse.

    • @francismarion6400
      @francismarion6400 20 днів тому

      @@G_Demolished The Mouse is hiding.

  • @JulieHempton
    @JulieHempton 14 днів тому

    Insurance companies are cutting people in Washington too!

  • @jon19100
    @jon19100 27 днів тому

    This is what is keeping me away from buying a house in Florida

    • @happycamper1372
      @happycamper1372 27 днів тому +2

      That and the 23 million people. The grocery store is a half day event. Driving in ridiculous traffic, trying to find parking, shuffling through the people, & standing in line to check out & then fighting traffic to get back home. No thanks.

  • @gordonallen9095
    @gordonallen9095 27 днів тому

    Between constant natural disasters, and the increasing reluctance of insurance companies to cover Florida property owners, many people in Florida will be uncovered and financially vulnerable in the next hurricane season. A significant amount of people will be wiped out, and unable to repair or rebuild. A significant part of Florida couldl resemble New Orleans 9th Ward.

  • @michaellalanae7228
    @michaellalanae7228 27 днів тому

    If these homeowners don't like it they can band together and make Thier own private insurance companies through consolidation of funds

  • @user-lf4ux7dm7g
    @user-lf4ux7dm7g 23 дні тому

    Flori-duh is the "Stink on the Brink."

  • @js-wq6zy
    @js-wq6zy 10 днів тому

    Why anyone would build or buy a stick frame/asphalt shingled house is Florida is beyond comprehension. DeSantis is more concerned with eliminating building codes and buying the latest platform high lift boots rather than looking after real societal interests. Another mindless GOP run state.

  • @jonnanderson6489
    @jonnanderson6489 27 днів тому +3

    Insurance companies, executives and agents have donated $74 million to Florida politicians since 2019, with Desantis getting $3.3 million and the chief financial officer for the state Jim Patronis (who oversees insurance regulation) has taken nearly $2 million. Insurance industry donors gave $9.9 million to "Friends of Ron Desantis" and the republican party since 2019. I could go on but I think that's a good start.

  • @commonsenseisntcommon1776
    @commonsenseisntcommon1776 12 днів тому

    Well that’s “progressive” of them

  • @walkerpantera
    @walkerpantera 27 днів тому

    thats soooo itty. I mean just so foul. brand loyalty means NOTHING to Progressive. if I were with them I'd drop my policy with them mySELF and find an alternative. I'd dump them before they dump me.

  • @ExpeditionNomadicAdventures
    @ExpeditionNomadicAdventures 27 днів тому

    Not a competitive capitalistic insurance industry when citizens insurance is the only insurance company?

    • @neilkurzman4907
      @neilkurzman4907 22 дні тому +1

      Oh, that is exactly how capitalism works. The laws and the environment in Florida said there’s no money to be made. Show capitalism closed up shop and moved their capital to other areas where there was money to be made.

  • @joseh3564
    @joseh3564 19 днів тому

    Citizens will be forced to cover them, but probably with better rates.

    • @edmartinez6946
      @edmartinez6946 8 днів тому

      Citizens is insurance of last resort. It will never be cheaper than private insurance and two you also get less coverage with citizens. It is a very basic and limited insurance policy.

  • @Oldplace-xc7pb
    @Oldplace-xc7pb 26 днів тому

    Florida is overcrowded. Plain and simple

  • @G_Demolished
    @G_Demolished 20 днів тому +1

    😂The foil hatters apparently don’t have the inclination to Google what depopulation means in this story.
    Stay scared!

  • @texasflashcoveinstaller4317
    @texasflashcoveinstaller4317 22 дні тому +1

    Hey Progressive 🖕🏻🫵🏻

  • @Thechosen77
    @Thechosen77 13 днів тому

    The issue here is the people are so desperate to have a home of their own, causing this nonsense, if you can’t buy cash and if you can finance then don’t complain about the insurance cost, I had to live with a lot of people until I was ready, and no I don’t pay home insurance if something brakes I fix it, that’s why you have to save your money idts

    • @Heather_Huncho
      @Heather_Huncho 12 днів тому

      Y’all are so brilliant on these apps! Yet can’t solve anybody’s problems

  • @DakotaFord592
    @DakotaFord592 27 днів тому +1

    ❤❤❤

  • @dabeage
    @dabeage 25 днів тому

    No worries. Call Ronald DeSantis, he'll save you.

  • @johnalver
    @johnalver 11 днів тому

    1:32 I don't know nothing about that. . . . That's all Asians 🇨🇳

  • @user-rh7ec9qq1n
    @user-rh7ec9qq1n 12 днів тому

    Gale Cincotta warn people of this they're doing it again be like Mrs cincotta💯🕵️ ask for transparency the reason, at this particular moment like they don't know everyone knows the storm is coming