Cap on rate is stupid, why should I have to pay higher rates on my HO policy which includes Windstorm in order to subsidize Citizens policyholders to make “2bit” politicians happy. If you live in Florida you got to pay for the hurricanes, if you live in California you have to pay for the earthquakes, unfortanately it is that simple.
Garcia wants a cap because he says there isn’t sufficient information for Citizens to justify its current rates? Hello, maybe some of those storms last year should have hit Tampa, Miami or Palm Beach. Rather than Citizens being in a deficit for millions, it would be billions. Maybe this would help politicians justify why you can’t cap the rates.
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Cap on rate is stupid, why should I have to pay higher rates on my HO policy which includes Windstorm in order to subsidize Citizens policyholders to make “2bit” politicians happy. If you live in Florida you got to pay for the hurricanes, if you live in California you have to pay for the earthquakes, unfortanately it is that simple.
Garcia wants a cap because he says there isn’t sufficient information for Citizens to justify its current rates? Hello, maybe some of those storms last year should have hit Tampa, Miami or Palm Beach. Rather than Citizens being in a deficit for millions, it would be billions. Maybe this would help politicians justify why you can’t cap the rates.