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California

Juneboarder

(1,732 posts)

2. Florida is in more of a mess than California...

Reply to jimfields33 (Reply #1)

Tue Mar 26, 2024, 10:47 AM

Mar 26

I'm in the mortgage industry and do loans all over the country. Florida has been notably more difficult to obtain insurance than California by far. Rates are exponentially higher than CA presently and I'm now seeing folks in FL that are opting to have force-placed insurance due to it being cheaper than a policy a homeowner can obtain themselves. Additionally, there's a weird situation going on with insurance in many states right now where the state's Fair Plan is limiting coverages and not providing all-peril policies, which requires homeowners to seek out Difference in Conditions policy to pair with their Fair Plan and obtain a fully covered policy between the two. Insurance is an absolute nightmare, and I'm not trying to diminish what CA is going through by any means.

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Highlight:

State Farm discontinuing 72,000 home policies in California in latest blow to state insurance market [View all] Eugene Mar 22 OP

Not just Florida. I'd like to see some federal guidelines on how insurance should be conducted jimfields33 Mar 22 #1

Florida is in more of a mess than California... Juneboarder Mar 26 #2