When is it all going to end?
Enough is enough.
Hopefully Gov – elect Christ will make this problem a PRIORITY!
If not, we need to encourage him to MAKE IT ONE!
I sympathize with you, however ANY business must coverage its expenses by raising the price it sells it\’s product for. Living near coastal waters makes anyone more prone to disasters like Hurricanes, therefore requiring businesses
to charge more to be able to pay for damages. High premiums is bad, but not as
bad as paying premiums and then getting nothing in return when the company goes bankrupt.
Be very careful what you wish for… The reason we are in this mess is that the state got too involved after Hurricane Andrew. This is private industry and if you think the government is the best one to fix it, well you have bought into the politicians dream. MORE COMPETITION IS AND ALWAYS WILL BE THE ANSWER TO LOWER PRICES!!!!
I respectfully disagree with JR and Charlie Crist\’s campaign ad producer. Good old-fashioned American-style competition may keep airline fares, plumber\’s service rates, and the cost of a gallon of milk low – but the problem at hand here is one of RISK MANAGEMENT. Competition has taken a back seat to CYA – cover your a**. When the risk of loss of insuring your home exceeds the financial upside of doing so – a re-adjustment in course (rate increase) is made to bring the risk/reward ratio back into a balance that offers a reasonable chance of the insurance contract being at least a moderately profitable proposition. If your home is over 20 years old (built before the modern age of building codes in Florida)and located in a coastal zone – well – no amount of adjustment makes sense in the risk/reward equation – so your policy is dropped. Welcome to Citizen\’s Insurance.
Not fair that everybody have to pay more to insure the riskier coastal areas. This is a subsidy that we are paying for these people to live in expensive million dollar homes.
What is the present Florida Surcharge. We are a professional services company. We placed a Directors & Officers Liability Policy for a client and need to know the correct surcharge. Insurance Co. gave us 3 different % – 1% 2% and 2.6%
I do not own property in Florida as I had to sell my condo because of large insurance premiums so now I rent and have a autombile, now I get my auto insurance bill and it has a 1% surcharge on it for florida property insurace recovery. What does my autombile have to do with this maddness of taxing everything that has insurance, do we surcharge health insurance and travel insurance next. I intend to register my automobile in another state to avoid this surcharge. I suggest you all do the same.
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When is it all going to end?
Enough is enough.
Hopefully Gov – elect Christ will make this problem a PRIORITY!
If not, we need to encourage him to MAKE IT ONE!
I sympathize with you, however ANY business must coverage its expenses by raising the price it sells it\’s product for. Living near coastal waters makes anyone more prone to disasters like Hurricanes, therefore requiring businesses
to charge more to be able to pay for damages. High premiums is bad, but not as
bad as paying premiums and then getting nothing in return when the company goes bankrupt.
Be very careful what you wish for… The reason we are in this mess is that the state got too involved after Hurricane Andrew. This is private industry and if you think the government is the best one to fix it, well you have bought into the politicians dream. MORE COMPETITION IS AND ALWAYS WILL BE THE ANSWER TO LOWER PRICES!!!!
Where is the financial oversight?
I respectfully disagree with JR and Charlie Crist\’s campaign ad producer. Good old-fashioned American-style competition may keep airline fares, plumber\’s service rates, and the cost of a gallon of milk low – but the problem at hand here is one of RISK MANAGEMENT. Competition has taken a back seat to CYA – cover your a**. When the risk of loss of insuring your home exceeds the financial upside of doing so – a re-adjustment in course (rate increase) is made to bring the risk/reward ratio back into a balance that offers a reasonable chance of the insurance contract being at least a moderately profitable proposition. If your home is over 20 years old (built before the modern age of building codes in Florida)and located in a coastal zone – well – no amount of adjustment makes sense in the risk/reward equation – so your policy is dropped. Welcome to Citizen\’s Insurance.
Not fair that everybody have to pay more to insure the riskier coastal areas. This is a subsidy that we are paying for these people to live in expensive million dollar homes.
What is the present Florida Surcharge. We are a professional services company. We placed a Directors & Officers Liability Policy for a client and need to know the correct surcharge. Insurance Co. gave us 3 different % – 1% 2% and 2.6%
I do not own property in Florida as I had to sell my condo because of large insurance premiums so now I rent and have a autombile, now I get my auto insurance bill and it has a 1% surcharge on it for florida property insurace recovery. What does my autombile have to do with this maddness of taxing everything that has insurance, do we surcharge health insurance and travel insurance next. I intend to register my automobile in another state to avoid this surcharge. I suggest you all do the same.