Blog Somebody

The new Florida homeowner’s insurance law changes are not working. The new law was passed last month, but so far there have been no signs of any rate reductions, that is, unless you have Citizens insurance. And the people who have that, are paying such high premiums, that a measly 20% reduction will seem like nothing. What happened to the big companies that the law makers have claimed will come back to Florida?. I have called my agent several times and so far nothing is happening. As a matter a fact, they told me that rates are still rising. We need cheaper homeowners insurance, or at least the option to insure our houses for less money. For example I am willing to accept the first $50,000 from insurance and anything that exceeds that amount, than I would pay for it myself. So If a Hurricane hits my roof and it looses a few tiles, I would replace them even if the color does not exactly match. One reason why Florida’s homeowners insurance is so expensive is that so many people are getting their whole roof replaced only because many insurance adjusters tell the homeowners that if they cannot find the same color roof tiles or shingles, that they can use that as an excuse to get a whole new roof. This is why a smaller hurricane like Wilma has caused insurance claims to be almost as high as was after hurricane Andrew. Hurricane Andrew was a much stronger storm. Roofs needed to be replaced back then, because they were really damaged. Shame on anybody who makes the insurance company’s pay for a whole new roof! If you only loose a few tiles, you should fix your roof. If you do otherwise, then you are a thief. And the insurance company’s aught to force those people to go with Citizens, because thieves belong with thieves.  

This entry was posted on Tuesday, February 20th, 2007 at 10:02 am and is filed under Real Estate, insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.