Property/ vehicle insurance increases

Joined
Nov 23, 2024
Messages
18
Location
Florida
I live in Florida and last year my home owners insurance rate went up 70%, with only one roof claim in twenty years. Can't wait to see what it's going to be this year when I get my notice in February, if I don't get dropped. Home owners insurance is Florida is getting crazy and the state is slowly turning into a place were only really wealthy people can afford to own and everyone else has to rent. Reminds me a lot of California housing prices and our insurance is now at their level.
 

Snowwolfe

Lil-Rokslider
Joined
Jun 28, 2016
Messages
293
Location
Alaska
Home insurance is weird. We were paying about $1300 a year when living in TN. Moved to Alaska and bought a house that is valued at more than our old house in TN. Premium dropped to $950 a year for same coverage.
 
Last edited:
Joined
Nov 19, 2022
Messages
62
Location
Vanleer TN
I had a sit down with my agent and discussed this very same thing. They told me that they’ the insurance company were settling out of court for anything less that 25k. It was said that all the Morgan and Morgan and so on law firms you see on TV knew this as well.
 
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