[gypsychic]

Originally Posted by SanyBelle

Why do you stay in Florida if you are so unhappy here? You have 2 other cities listed on your profile, if I was as unhappy as you are I'd certainly leave. I'm sorry you are so down about Florida.

Because some people just enjoy being miserable. It's all they know.

[beachmouse]

Originally Posted by gypsychic

Because some people just enjoy being miserable. It's all they know.

And sometimes there are family or job scenarios where there are reasons to stay despite strong negatives for a place.

[Ghaati]

Originally Posted by beachmouse

And sometimes there are family or job scenarios where there are reasons to stay despite strong negatives for a place.

There are also millions of renters, who have no equity in their homes to use as downpayments for somewhere else. If they leave Florida, it means they leave a job. Showing up in a new state with no home, no job, even if you have savings, can mean homelessness within a year.

Many renters would prefer the uncertainty that they recognize, to the uncertainty they aren't able to experience yet.

[BeauCharles]

I was a little worried about insuring the home I'm building in Palm Coast. After Ian and Nicole I wasn't sure what to expect. Its fairly modest - 1500 sq ft, but when I bought the lot in 2021 I made a point of looking at FEMA maps and checking other sources and found its not in a flood zone (four miles inland). Being its a new construction its all to current code for storm resistance. It'll be finished around October 1st, but I was curious and contacted a State Farm agent last week. She said it wasn't possible to have an exact amount until its done, but the estimate is around $1,500 a year for that address. I can live with that. My current 1,150 sq ft, 44 year old home in California is $1,100. With no mortgage I should be able to enjoy a new life in Florida without too much worry.

[MOforthewin]

I live in Punta Gorda, where Ian hit. Mine only went up just over $300 for next year.

[Mike from back east]

This story in the WaPo is terrible, Florida people WITH insurance aren’t being paid. That photo at the top of the story is awful.

This link will get you past the paywall at the WaPo: https://wapo.st/3s1pwvC

Nine insurers in the FL market have gone belly up the last two years.

[sinatras]

It IS terrible indeed and this is the stuff that the "FLORIDA IS PARADISE" people don't want to be publicized. Along with the drought, record heat, outrageous electric bills and constant power outages!!!!!!!!!!

[sinatras]

Originally Posted by Mike from back east

This story in the WaPo is terrible, Florida people WITH insurance aren’t being paid. That photo at the top of the story is awful.

This link will get you past the paywall at the WaPo: https://wapo.st/3s1pwvC

Nine insurers in the FL market have gone belly up the last two years.

This article should be required reading for every single Floridian. Even when you pay outrageous amounts of $$$ for property insurance in Florida, you may not get your claim paid. Ever.

It IS terrible indeed and this is the stuff that the "FLORIDA IS PARADISE" people don't want to be publicized.

Along with the floods, droughts, record heat, outrageous electric bills and constant power outages!!!!!!!!!!

[gypsychic]

Originally Posted by sinatras

This article should be required reading for every single Floridian. Even when you pay outrageous amounts of $$$ for property insurance in Florida, you may not get your claim paid. Ever.

It IS terrible indeed and this is the stuff that the "FLORIDA IS PARADISE" people don't want to be publicized.

Along with the floods, droughts, record heat, outrageous electric bills and constant power outages!!!!!!!!!!

For the love of God, don't bust a gut! You have the option of living in one of your many "other" paradises....

[Travelassie]

Originally Posted by JBtwinz

We just received a notice from a company that works for our homeowners insurance company that they need to complete another home inspection.

They requested one in 2017. We are currently in mid policy paid in full.

We have been here in northeast Florida for 34 years and having just retired we are wondering if it is going to come to a point where homeowners insurance and flood insurance is going to eat into our retirement income to much in the very near future.

I know this is part of the cost of living near the coast but so many people signed up for that roof replacement scam in our area I know that contributed a lot to this hot mess in Florida.

We have friends moving out of our area due to the rapid growth, taxes, homeowners insurance and flood insurance.

It’s planted a few seeds in our minds but we thought we were in our final home.

Anyone else thinking insurance costs might become too much of a drain on their income or retirement income?

Well, we figure without any real debt and a good income, living within our means we can swing the increased costs of insurance. We recently got the premium notices for the upcoming year for both our flood and homeowner's policies. The flood insurance premium ( we have never had flood insurance claims) has gone from $800 to $931, and our homeowner's insurance from $3500 to $4676. We're working with our agent to see if a mitigation report done for the house after the new roof was put on ( to current code, with peel and stick underlayment) might help to decrease this premium a bit, we'll see.

But this insurance company has done a decent job at reimbursing us for our hurricane Ian- related damages, so even if their premiums are somewhat higher than others we will stick with them ( maybe the devil you know type thing). We noted they also have raised their coverage limits for inflation.