Homeowners in South Florida have an average Homeowner insurance bill of 5,000 a year. South Florida has not had a major hurricane in eight years. A recent article states that South Floridians have the highest Homeowner's Insurance in the nation!
The leading insurance company, Citizens, has many devious tactics that they use to wrangle even more money from harried homeowners all with the approval of our Florida leaders, mainly Rick Scott, who seems to care more about insurance companies than the people who have voted him into office.
The average homeowner's insurance in South Florida is 5,000 dollars. A recent article stated that the homeowners insurance in South Florida is the highest in the nation! The cost of living in South Florida is already too high for the average homeowner in South Florida, but the insurance this year has doubled. Homeowners are still losing their homes to foreclosure. This will only make things worse. There has not been a major hurricane in South Florida in eight years. Eight years of saving money!
I truly believe that the rent here for the average renter, which is already higher than most places in the US, will skyrocket because the cost will have to be passed on to them. Homeowners and investors will flee South Florida. Many people are already dropping the insurance by the thousands due to these extraordinary charges. Elderly people are hardest hit as well as the disabled living on a fixed income.
Citizens Insurance uses any means necessary in addition to the payments to aquire even more money. Its 185 dollars for an inspection that is required when you change agents, switch to an LLC, change insurance companies, etc. Usually, they find one or more things that need fixing. Most of the time, its a roof.
Other tactics used are requiring 20,000 worth of Miami-Dade rated hurricane shutters (the original shutters are never acceptable), replacing wooden doors with hurricane rated doors, just to get a measly 800 dollars off of the insurance. There are other tactics too numerous to mention.
It seems like Florida's politicians care more about making the insurance companies happy than the citizens of Florida that voted him in office.
