General Discussion
In reply to the discussion: This will get lost in the GD thread. I just have a hard time and need to rant over this Ian bullshit [View all]Tadpole Raisin
(972 posts)There are many tips this is coming even though the draw remains strong.
One is the number of insurance companies who will no longer insure homes in Florida or have gone out of business doing so. I am no lover of insurance companies - think they are pretty good at the art of deception when it comes to inflating their costs and minimizing their profits but the fact is that a 1-2 disasters can wipe them out.
I am most familiar with USAA who stopped insuring Florida years ago. I sometimes wonder with their military connections what high level weather projections they may have seen which we have not even with what has been put out there in the public.
How many companies will pay for repairs and then in the next renewal withdraw as a carrier. Try to sell your house then! All that will be left are people who know their house will not be covered for the next storm and just accept it and the rich who will have politicians giving them favored treatment for their luxury businesses or homes. 20 years, 50 years?
They say you dont have to prepare for the end but the transition. We are well into the transition.