Jump to content

Florida Property Insurance Global Warming


Tiberius

Recommended Posts

14 minutes ago, Over 29 years of fanhood said:

So the president can’t address dollar inflation with policy but Florida’s governor can? 
 

I suppose Newsome has some ideas?  

Double standard 

 

DeSantis is the "Grand Wizard" and worse than Hitler/Trump, donchaknow?

  • Haha (+1) 2
Link to comment
Share on other sites

1 hour ago, Tiberius said:

Yup, global warming is having an effect 

 

Major Atlantic Hurricanes by year (1851 to 2017)

 

8 - 1950

7 - 1961, 2005

6 - 1926, 1933, 1955, 1964, 1996, 2004, 2017

5 - 1893, 1916, 1951, 1958, 1969, 1995, 1999, 2008, 2010

4 - 1886, 1894, 1909, 1932, 1948, 1953, 2001, 2011, 2016

3 - 15 years 

2 - 45 years

1 - 48 years

0 - 31 years

 

My expectation is current weather monitoring, measurement, and predictive systems have improved over time so measurement of storm strength should be more accurate over the last 25 to 30 years than it was prior.  

Link to comment
Share on other sites

15 minutes ago, All_Pro_Bills said:

Major Atlantic Hurricanes by year (1851 to 2017)

 

8 - 1950

7 - 1961, 2005

6 - 1926, 1933, 1955, 1964, 1996, 2004, 2017

5 - 1893, 1916, 1951, 1958, 1969, 1995, 1999, 2008, 2010

4 - 1886, 1894, 1909, 1932, 1948, 1953, 2001, 2011, 2016

3 - 15 years 

2 - 45 years

1 - 48 years

0 - 31 years

 

My expectation is current weather monitoring, measurement, and predictive systems have improved over time so measurement of storm strength should be more accurate over the last 25 to 30 years than it was prior.  

So DeSantis is just screwing this up all by himself

Link to comment
Share on other sites

1 hour ago, Tiberius said:

A vote for DeSantis means a vote for ruinous  insurance costs in the US! 

 

He will ruin America! 

 

what a mess! 

Bless your heart you think that the Federal Government controls home insurance, but the Fed mainly influenced healthcare and made it rise about 400%

2 hours ago, Tiberius said:

Yup, global warming is having an effect 

 

Please explain something specific that is caused by global warming?

Link to comment
Share on other sites

  • 5 months later...

Soaring home insurance premiums in Florida are putting residents under unbearable financial pressure, with many telling Newsweek that they are considering leaving the state or moving somewhere cheaper within Florida.

The state has currently the most expensive home insurance premiums in the country, according to a recent report by the Insurance Information Institute. Residents are currently paying on average more than $4,200 per year compared to the national average of $1,700, according to data from Triple I.

While this is due in part to the increased risk of devastating weather events like hurricanes, other factors—including an excess of litigation and the dropping out of major insurers from the state—have contributed to the surge in premiums in recent years, for which Governor Ron DeSantis is being blamed.

 

https://www.newsweek.com/florida-residents-insurance-nightmare-flee-state-1846652

 

Robert Kantor, a resident of Broward County, told Newsweek that he has recently lost his partner to cancer, a loss which has affected his household income. "Yet the value of my home, which I bought for $150,000 in 1988, is now valued at over $600,000," he said. "I find this ridiculous."

Kantor said that his homeowner's insurance doubled to over $7,000 last year, "with taxes at over $3,500. That's over $10,000 just to stay in my home." Earlier this week, Kantor said his premium had gone up by $1,900 "for no reason."

  • Eyeroll 1
Link to comment
Share on other sites

1 hour ago, Tiberius said:

Robert Kantor, a resident of Broward County, told Newsweek that he has recently lost his partner to cancer, a loss which has affected his household income. "Yet the value of my home, which I bought for $150,000 in 1988, is now valued at over $600,000," he said. "I find this ridiculous."

Kantor said that his homeowner's insurance doubled to over $7,000 last year, "with taxes at over $3,500. That's over $10,000 just to stay in my home." Earlier this week, Kantor said his premium had gone up by $1,900 "for no reason."

https://www.policygenius.com/homeowners-insurance/home-insurance-pricing-report-2023/

 

 

So, is the issue insurance rates?  or that homes are worth more, (DEMAND) in that state?  

 

Florida is still leading the nation in Net domestic migration to it. 

 

Places like Cali and New York lead the nation in people leaving.

 

https://en.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_net_migration#:~:text=U.S. states by net domestic migration (From April, 25.50 47 more rows

 

https://www.census.gov/content/dam/Census/library/stories/2023/03/domestic-migration-trends-shifted-map-1.jpg

 

 

Link to comment
Share on other sites

1 hour ago, Tiberius said:

Robert Kantor, a resident of Broward County, told Newsweek that he has recently lost his partner to cancer, a loss which has affected his household income. "Yet the value of my home, which I bought for $150,000 in 1988, is now valued at over $600,000," he said. "I find this ridiculous."

Kantor said that his homeowner's insurance doubled to over $7,000 last year, "with taxes at over $3,500. That's over $10,000 just to stay in my home." Earlier this week, Kantor said his premium had gone up by $1,900 "for no reason."

I feel for Mr. Kantor. This is tough for seniors.

But really ... what does he find "ridiculous" about the increase in the value of his home? Or that it costs a whole lot more to insure a home that's worth 600K rather than 150K? Time to leave Florida for Buffalo.

  • Like (+1) 1
  • Haha (+1) 1
Link to comment
Share on other sites

15 minutes ago, The Frankish Reich said:

I feel for Mr. Kantor. This is tough for seniors.

But really ... what does he find "ridiculous" about the increase in the value of his home? Or that it costs a whole lot more to insure a home that's worth 600K rather than 150K? Time to leave Florida for Buffalo.

Taxes will get Mr. Kondor in buffalo.  as NY leads the nation in total tax liability.

 

 

 

 

  • Agree 1
Link to comment
Share on other sites

×
×
  • Create New...