[Corrie22]

some are so deteriorated and have remained so for so long.......deteriorating no longer applies

[City Guy997S]

Originally Posted by beach43ofus

https://insurify.com/homeowners-insu...lity-by-state/

I'm refuting insurify's claim that a $300k Florida home costs on average of $9,200 to insure. No way.

First off, not many FLA homes cost $300k. They may have cost $300k to build many years ago, but their current value is much higher.

The median price FLA home costs ~$ 410k & the average is ~$392k, so why use $300k, & not the median or the avg price?

That is our 1st clue that this study's suspect. Most $300k homes are older (pre-2002), so pre-date Hurricane building code construction.

2nd, my 6 yr old home's current value = $1M, & our homeowners coverage including flood is $2,900. Ancdotel, so plz help.

Anyone here paying $9,200+ for a home valued ~$300k?

If so, year home built, & flood zone designation please.

Pre-2002 built waterfront homes' insurance rates can run $9,200+, but how many waterfront homes are valued at only $300k? Almost none.

I'm calling b.s. on this insurify report, which has gone viral nationally, & has spawned off Hundreds of fake news articles.

Click bait article..........got a quote on an older home, no impact glass etc and got a quote from Citizens.

[Corrie22]

I did not know this.....so your credit score affects your insurance rate

How much does homeowners insurance cost in Florida?
The average cost of homeowners insurance in Florida is $2,625 per year, or about $219 per month. That’s 37% more than the national average of $1,915.

In most U.S. states, including Florida, many insurers use your credit-based insurance score to help set rates. Your insurance score is similar but not identical to your traditional credit score.

In Florida, those with poor credit pay an average of $3,685 per year, according to NerdWallet’s rate analysis. That’s 40% more than Floridians with good credit.

https://www.nerdwallet.com/article/i...%20set%20rates.

[silverct9a]

What does “better” mean? Can you quantify it somehow? I’ve personally never been to San Francisco nor Seattle? I’ve done zoom calls and final round interviews with a well known company in Seattle, but I’ve never actually been there.

Originally Posted by bmw335xi

Travel… from my personal experience, San Francisco, Seattle, Los Angeles, NYC were all better pre-covid. Meanwhile, I think cities here have never been better.

[wrat]

When we left Fl in 2022 our HOI was close to $5k for a small house on 1.25 acres in Loxahatchee we had impact windows and doors otherwise it would have been higher, it was an older house built in '93 , when we bought the HOI was just under $2k, I have an acquaintance in coral gables who just got a renewal for $10k on a $750k house he is leaving South Fl as well

[RedneckRebel]

my home is insured for $325,000, Hurr and AOP deductibles of $1,000, liabilty of 500k, coverage C of $88k, house is 8 years old and I pay $1,600

the raise in rates is nationwide, not just in Florida. Media is trying to make it seem like Florida just to attack the state and it's politics.

[Mathguy]

Couple comments:

1) Inflation, rates are up everywhere as boards, nails, labor...everything costs more.

2) Catastrophe insurance. Mainly hurricane risk. This won't be state-wide but there is a lot of pressure on insurers not to have lots of bad exposure either via reinsurers, their investors etc. This won't cause state-wide issues but is creating problems all along the coastal regions with hurricane risk like Louisiana, FL etc.

[bmw335xi]

Originally Posted by RedneckRebel

my home is insured for $325,000, Hurr and AOP deductibles of $1,000, liabilty of 500k, coverage C of $88k, house is 8 years old and I pay $1,600

the raise in rates is nationwide, not just in Florida. Media is trying to make it seem like Florida just to attack the state and it's politics.

That's really what it's about. If Florida turned into a Blue state... guaranteed there would not be this weird obsession about Florida from the MSM.

[sinatras]

Don't anyone worry about this. There is a solution. No longer should we fret about HOI rates. We can all live in our vehicles. Problem solved!

The new American dream. Living in your car and taking a shower with wet wipes!

Let us be grateful to live in a Free Country where wet wipes are still legal, and a Free State where wet wipes are still flushable!


https://www.youtube.com/watch?v=eolZImBi4F0

[bmw335xi]

Originally Posted by sinatras

Don't anyone worry about this. There is a solution. No longer should we fret about HOI rates. We can all live in our vehicles. Problem solved!

The new American dream. Living in your car and taking a shower with wet wipes!

Let us be grateful to live in a Free Country where wet wipes are still legal, and a Free State where wet wipes are still flushable!

Ask all the migrants risking their lives to come here how great the majority of the world is.... this member right here is the definition of privilege lol. God forbid you are born in a 3rd world country in your next life lol actually that would probably teach a good lesson for appreciation and greater understanding of what life is like for the majority of the world's population. A poor person in this country is a dream for the average person in the world.