Before you buy the Florida hype

Florida's insurance market, which has been unstable since the 90s, has grown even more volatile in recent years. According to industry estimates, the average price of homeowners' insurance premiums has more than doubled since DeSantis took office in 2019, and more than a dozen insurers have become insolvent in the state during that time. Earlier this month, Farmers Insurance announced that it would end its home and auto coverage in Florida entirely.

A recent study put Florida at the top of the list for the most expensive home insurance in the country.

All of this, according to Ron himself, will “normalize after hurricane season.” This from a guy who’s received millions of dollars from insurance stakeholders as he has overseen massive giveaways to the insurance industry.

All of which creates a state of uninsured drivers, hit-and-runs and dilapidated homes and storefronts there was no insurance to repair from that fire or flood or robbery. All of which encourages a thriving industry of bus bench lawyers and dreams of instant payouts. We’re the original state of “I’ll pay you when I get my tax refund.” Low rent.

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LordShadowfire · 46-50, M Best Comment

Yeah, and let's not forget, any new roads built during or after the DeMentis administration will in fact be radioactive.

You read that right.

Graylight · 51-55, F

@LordShadowfire In Phoenix, they're resurfacing roads with naturally cooler composites to decrease surface temperatures.

We're putting in radioactive waste.

anythingoes477 · 31-35, M

The problem with mass insurance pullouts from Florida is only half described by what happens when the homeowners in Florida are hit by a hurricane or tornado and have damages losses....or need car insurance for a wreck. The rest of the dominos falling is............how does anyone buy a new home in Florida.........or how does a homeowner in Florida sell their own home to someone else who is buying with a bank loan when banks require insurance to make that sale, and the new buyer can't find any? Florida...like all states require drivers to have car insurance......or be ticketed or have their licenses pulled until they get insurance........so what happens if they cannot get car insurance?

And when the MAJOR carriers of both home and car insurance pull out of Florida.......that opens the door wide open for price gouging from the small non-reputable companies....or state owned one...... to move in and really screw Floridians for premiums.

We are seeing the beginnings of what happens to a state when the political policies there......and the denial of the climate are convincing residents to move out of state and no new ones want to or can move in. I personally know of 4 couples that want to sell their homes in Florida but can't.....no matter what people say about housing shortages. The heat is making Florida off limits for about 8 -9 months a year. They cannot find any contractors to do anything they want done unless they pay 3 times what they would in their home states and now they are having their insurance policies cancelled.

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anythingoes477 · 31-35, M

@windinhishair Take a guess who owns the remaining insurance alternatives in Florida? You bet........the GOP controlled state government. Which means..........they have achieved the same goal they have in privatizing schools. Finding a way to divert the public's money into select only GOP pockets.. When insurers left Florida....the GOP cheered. Now the Florida government-based insurance alternative can charge anything they want and if you need insurance......you pay THEM for it. Whatever amount they want to charge you.

Graylight · 51-55, F

@anythingoes477 Seriously, Florida is the first part of a wound that's getting gangrene. As we go, so will the country unless some force comes in the change the trajectory.

anythingoes477 · 31-35, M

@Graylight People NEVER care about gangrene......until it causes them to feel the amputation. Warnings are taken as fake news....because it paints the cult leader in a bad light. No one believes the media...that should. No one will admit they voted for the "wound". And when they have no choice but to admit the problem THEY voted for is there.........they blame it on someone else for causing it. The rest of the country sees who Deathsantis is....VERY WELL.....and so does his own supporters in Florida and donors as evidenced by his dropping fundraising........and being 30% behind a traitor in polling. But...............it will take actual blood coming out of a Floridian that is a die hard Republican to finally "get it".

MistyCee

I haven't seen any positive hype out of Florida in a long time, actually.

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MistyCee

@anythingoes477 lol. I do hear stuff about Florida from outside of the gay community, and it's still not good stuff recently.

Even the Floridians I know who liked DeSantis a couple of years ago are getting tired of him.

anythingoes477 · 31-35, M

@MistyCee It amazes me how any gay would have ever liked him or any part of the GOP agenda in the last 8 years. To me a gay liking the ones that MOST hate you and your lifestyles is like a missionary handing a cannibal a salt shaker...and being proud of himself for doing it.

MistyCee

@anythingoes477 Self hatred runs deep in humans sometimes, I guess.

But I've got (non-gay) family in Florida who are sick and tired of their Governor grandstanding on issues instead of running the state and trying to cope with real issues confronting it.

Funny thing is,If DeSantis could solve Florida's insurance problems , he'd probably get a lot of support from other coastal states as well, like California and Louisiana.

As a country, we really need to address McCarran-Ferguson across the board, and not just health or Flood Insurance, but there aren't any easy solutions that work for campaigns.

Ynotisay · M

So after hurricane season I guess all the coastal water will stop rising and the threat of flooding leaves? It's been about ten years since climate scientists really started ringing the bell about what will happen to the coastline. But even after floods people still keep building. Coastal water is rising an inch every three years and the tidal flooding in some areas an increased like 300 percent or something. You can rebuild in an area after a fire or flood the recedes. You can't rebuild when things are underwater. I just find it amazing that Desantis screams about the politicization of weather when that's EXACTLY what he's doing. Just in a different way.

RoxClymer · 41-45, M

Florida hype?

after passing/enacting recent laws, no one wants to move there anyway

thisguy20 · 41-45, M

Recently saw / read an article about this (I don't have a link to it: sorry), apparently the average home owner's insurance premium in Florida is not +/- $6000 per year!!!
Living in a competently run blue state, I'm paying $1100...

MistyCee

@thisguy20 Respectfully, and I don't know what state you live in, but rising insurance costs are not a red as opposed to a blue problem and Florida suffers far more from its geography than its government on that issue.

I'm not a fan of DeSantis, mind you. Now, if you really want to see a state literally get washed away with active government assistance, stay tuned when Landry becomes governor in Louisiana.

Graylight · 51-55, F

@MistyCee Tue, red and blue states are about split where insurances are concerned. Florida is now among the worst, whereas it used to be the cheapest.

But it's not geography. Storms are one thing but in central florida we have a hurricane event once in a 100 years. Everything else is just tropical storm weather. All our insurance, from flood to homeowners to auto to renters to life to health insurances are all saoring right now in Florida. That's no wind - that's politics and money.

Northwest · M

So then, they will all have to wait for a lull in between hurricanes, to buy insurance? The insurers will offer a 90 day special and then the normal rates will lick back in?

Graylight · 51-55, F

@Northwest Evidently. And it's always been life the tide; insurance rolls in during the off season and then back on out during the storms. 🙄

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