[sinatras]

https://www.wesh.com/article/florida...FeVd4odgRWXpTc

Interesting that they are now blaming increases on "winter tornadoes"???? They are running out of reasons to jack up insurance premiums in this state.

[LKJ1988]

Originally Posted by sinatras

https://www.wesh.com/article/florida...FeVd4odgRWXpTc

Interesting that they are now blaming increases on "winter tornadoes"???? They are running out of reasons to jack up insurance premiums in this state.

Next will be heat in the summer for a another rake hike of 50% gents . Glad i go bare blare.

[Corrie22]

other articles are not so dramatic.....

“It’s only two companies and it’s only very specific types of policies,” Friedlander said. “Castle key is strictly what are called HO6 individual condo owner policies, not standard home policy so strictly for condo owners. And the Amika Mutual is called dwelling fire policies, those are typically secondary, or vacation homes. They are not primary residences.”

https://www.news4jax.com/news/local/...-more-than-53/

”Amica Mutual Insurance Company is asking the OIR to approve a 54.1% increase in rates for its dwelling fire policies, which covers about 500 insureds, according to the Insurance Journal.”

https://www.pnj.com/story/money/2024...a/72586132007/

[LKJ1988]

Getting as bad as Auto Ins. I may stop driving soon.

[beach43ofus]

Originally Posted by LKJ1988

Getting as bad as Auto Ins. I may stop driving soon.

Can I have your Vette after you stop driving?

[stephenMM]

Oh, the joys of home ownership. Especially if you live in a hurricane prone state. We were blindsided by all sorts of insurance hikes in Galveston, Tx until we finally got smart. We sold the 2 properties and bought a very nice 10 year old mobile home in a 55+ mobile home park for less than 1/20th of what the Galveston home and condo were worth. Then we thumbed our noses at the insurance companies and figured we would just replace the home of it were totaled. That mobile home came complete w/ furniture, dishes, linens, towels, even cookware and a TV/computer!

Anyone w/ any sense is going to high tail it to another area when a big hurricane comes their way. If that mobile home were destroyed, it would have to be destroyed 20 different times before we would be concerned about the money loss. It was also an amazing money saver. Our property taxes dropped from $3000+ a year to $8, and since we didn't need a mortgage, the mortgage and insurance payments on the 2 Galveston properties went from $10,000 a year to 0.

We did have to pay around $500 a month for the lot rental, utilities and phone. The mobile home park pays the water and cable and even mows the yard.

[LKJ1988]

Originally Posted by beach43ofus

Can I have your Vette after you stop driving?

Sure can man.

[sinatras]

Originally Posted by stephenMM

Oh, the joys of home ownership. Especially if you live in a hurricane prone state. We were blindsided by all sorts of insurance hikes in Galveston, Tx until we finally got smart. We sold the 2 properties and bought a very nice 10 year old mobile home in a 55+ mobile home park for less than 1/20th of what the Galveston home and condo were worth. Then we thumbed our noses at the insurance companies and figured we would just replace the home of it were totaled. That mobile home came complete w/ furniture, dishes, linens, towels, even cookware and a TV/computer!

Anyone w/ any sense is going to high tail it to another area when a big hurricane comes their way. If that mobile home were destroyed, it would have to be destroyed 20 different times before we would be concerned about the money loss. It was also an amazing money saver. Our property taxes dropped from $3000+ a year to $8, and since we didn't need a mortgage, the mortgage and insurance payments on the 2 Galveston properties went from $10,000 a year to 0.

We did have to pay around $500 a month for the lot rental, utilities and phone. The mobile home park pays the water and cable and even mows the yard.

Wow that sounds like a really smart move.

[Ghaati]

We're paying around $1400 this year for insurance on our double-wide in The Villages. We own the lot, so there's no lot rent at all. We pay only for the utilities we use - our water bill went down significantly when the sprinkler system broke and we decided to water the lawn manually with a hose. The lawn still looks great, we can't see any difference at all.

Because the home is "tied down" to the property that we own, we don't have to pay for Motor Vehicle registration on it (mobile homes that are on someone else's property are subject to the MV fees and taxes).

We just got our bill, it's gone up around $80 from last year. So not unmanageable.

[Mathguy]

Key point from article:

The Florida Office of Insurance Regulation will hold hearings next week to decide if it'll approve the rate requests.

As always, shop around.