[beachmouse]

Originally Posted by LKJ1988

Soon there will be no more INS in FL to buy for homes or cars. Gonna have to go bare like i do.

Nah, we’re just headed to a fully socialist ‘all your restaurants are Taco Bell’ I mean ‘everyone has Ciitizen’s’ insurance endgame.

[Mathguy]

Originally Posted by LKJ1988

I will be fine unless the track really changes.

Good to hear.

This one could get bad in a hurry with those water temps.

[Travelassie]

Originally Posted by beachmouse

Nah, we’re just headed to a fully socialist ‘all your restaurants are Taco Bell’ I mean ‘everyone has Ciitizen’s’ insurance endgame.

Happy to say we don't have Citizens. Just renewed with the insurer we had last year. Turns out they did a pretty good job of reimbursement for our Ian damages. Premiums are a bit more, but that is to be expected. They gave us a respectable discount for the mitigation report we submitted to them earlier this year.

[beachmouse]

Originally Posted by Travelassie

Happy to say we don't have Citizens. Just renewed with the insurer we had last year. Turns out they did a pretty good job of reimbursement for our Ian damages. Premiums are a bit more, but that is to be expected. They gave us a respectable discount for the mitigation report we submitted to them earlier this year.

We’re still with AAA. Thankfully no claims so far, and they’ve been pretty chill about how we like having trees in our yard and want to keep the ones that don’t seem too likely to fall on our house.

AFAIK, the windstorm mitigation credits are supposed to follow state guidelines for discounts regardless if which insurance company you use.

At some point, the Tampa Bay deflector shield will go down and you’ve got a $150 billion storm that will chase the remaining truly free market insurers out of the state. We hope to have made the move to the mountains before that point.

[JOinGA]

FEMA flood insurance premiums are limited to 18% increases annually, but people should expect continued increases until their premium covers full risk. The median annual premium in 2022 was $689, but will need to increase to $1,288 to cover full risk. Of course, median does not reflect what will happen with any individual property. Some people are already paying full risk. But FEMA reports that many of the most underpriced policies are on the Gulf Coast and this is where some of the largest premium increases will occur. All info taken from a GAO report.

[Travelassie]

Originally Posted by beachmouse

We’re still with AAA. Thankfully no claims so far, and they’ve been pretty chill about how we like having trees in our yard and want to keep the ones that don’t seem too likely to fall on our house.

AFAIK, the windstorm mitigation credits are supposed to follow state guidelines for discounts regardless if which insurance company you use.

At some point, the Tampa Bay deflector shield will go down and you’ve got a $150 billion storm that will chase the remaining truly free market insurers out of the state. We hope to have made the move to the mountains before that point.

I'm sure you're right about the Tampa Bay area being hit sooner or later with a hurricane and dealing a glancing blow to the insurance company, though with the exponential increase in population in SW FL I'd have thought the insurance companies took a good hit this year with Ian. Can't discount the effects of insurance fraud in the state either.

I don't know about your homeowners insurance, but ours doesn't cover removal and cleanup of trees and vegetation unless it falls on the house causing damage or blocks a road, driveway, or handicap access way. So I`m guessing they don't care how many trees we have.

We had claims with Ian for about $50,000 -in total. No contents claims. I realize that is small change compared to some of the amounts I have seen or heard about. The insurance company has done a good job of reimbursing us for the cost of the damages, so we renewed with them.

[tinytrump]

This not going to help us Insurance wise - Fl is not good for heavy population near water. We are at sea level. The kings tide going yo really help the surge go deep into Fl. - stay safe

[beachmouse]

Originally Posted by Travelassie

I don't know about your homeowners insurance, but ours doesn't cover removal and cleanup of trees and vegetation unless it falls on the house causing damage or blocks a road, driveway, or handicap access way. So I`m guessing they don't care how many trees we have.

I know people with other insurance companies who have been told they have to do a lot of tree cutting because of tree fall damage concerns if they want the policy to get renewed.

[Travelassie]

Originally Posted by beachmouse

I know people with other insurance companies who have been told they have to do a lot of tree cutting because of tree fall damage concerns if they want the policy to get renewed.

Wow!

[beachmouse]

Originally Posted by Travelassie

Wow!

It’s North Florida- we have a lot of trees, many of which are non-native and don’t do well in windstorm conditions.