Ginny –
The person who supposedly received a 500% increase should move their policy to Citizens. I would like to see the expiring dec page and the renewing dec page for my own proof. Please post on your HAC website. Mark out the insureds name and address – no privacy issues. It will be real simple in just a few months after the wind blows and everyone in the state will be bailing out Citizens again and Charley will be in Big Time trouble. As far as the banter about rates being surpressed by the Ins. Dept, well my friend this is true. In fact, they set rates as well contrary to their speaking points. I suggest anyone not happy with their insurance premiums should open their own company and see where you will set rates once you figure oout how much it costs to run a company. AND I do not want to hear about the one exec who got $8M. It is a natioanl carrier and has nothing to do with your insurance premium.
If you do some research you will find that Pasco County is one of the least likely places in Florida to have a hurricane. That being said and you living on the inland portion of Florida if a Katrina type storm hits Florida it really won’t matter where in Florida you live. By the way my family has lived here for generations and none of them, great-grandparents, grandparents, parents, sisters, Aunts & Uncle\’s, or myself have ever been hit by a hurricane of even filed an insurance claim for any damage done by any type of storm.
As for the Key’s….I don’t think that anyone living in a modest to small home should have to pay $10,000 a year to insure it no matter where they live, it’s ridiculous! These homes were purchased for 30k to 80k and now they want 10k to insure them!
Mark,
What a crazy statement to make! Why would a Consumer Advocacy Group want to manipulate results of anything….we are not in the business of ripping people off, we are in the volunteer line of helping people. It is painfully obvious that you and other insurance people like you don’t care about people, or if they are hurting, poor, or become homeless.
\”It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God.\” (Matthew 19:24)
Ginny Girl –
The reason the rates in Pasco county are so high isn\’t because of hurricanes, it is b/c of sinkholes. You already know this b/c the HAC website shows data about sinkholes in Pasco county. The average sinkhole loss is approx. $60,000 or more. Thanks to the lawyers pushing for more and more $$$. How mych money should you pay to cover average losses of $60,000 from one peril, sinkholes. We have not even mentioned, other covered perils,fire, theft, hurricanes, etc. $10k is cheap or self insure yourself.
\”History/Background: Hurricanes pose a significant threat to Florida, especially for those residents living along the coast. Hurricanes are unstable and unreliable, but their brief life onshore can wreak extensive damage. Pasco County has been impacted by four hurricanes over the last thirteen years, Hurricane Elena, Hurricane Erin, Hurricane Opal and Hurricane Georges. However, the threat of a hurricane impacting the area occurs annually. The economic impact associated with hurricanes (both warnings and impact) has totaled several million dollars.\”
I found that on the Pasco Emergency Management Website. It took me about 10 seconds to find that info. I am sure I could find a lot more. That statement alone appears to conflict with your claim. Katrina wiped out homes along the gulf coast, so I highly doubt your area is least likely to face a hurricane threat (in Florida).
\”That being said and you living on the inland portion of Florida if a Katrina type storm hits Florida it really won\’t matter where in Florida you live.\”
Really? Hmm… I don\’t really think I believe that statement either. Hurricane Andrew was a category 5 storm and I don\’t recall it wiping out our house in Sarasota. Not that I am an expert… but apparently neither are you. So that logic doesn\’t work with me either.
As for buying a home in the Keys for $30 – 80k, welcome to inflation. The cost to rebuild is higher than when the homes were purchased. It\’s unfortunate but I am sure the taxes have increased significantly as well. So, yeah, that is a lot of money, but it seems mighty fair to me. She could always move inland where I pay approx. $1500 a year for coverage.
Mark,
I believe everyone in Florida is being assessed for Citizens. This is due to the fact that it had all the higher risk policies dumped into it by the \”private\” market. It was never set up to be the second largest insurer in Florida. But with a year or two of no storms (like last year)it will be in the green and not have to make assessments. Also as it grows and gets some of the lower risk policies it will become stronger The only difference between Citizens and the private market is it is a state run company so there are no CEO\’s that will be needing 8 million dollar bonuses!
P.S. I also wish people would stop buying houses they can\’t afford and then whine when they can\’t pay for them. This comment is not directed at anyone in particular. However, in the Orlando area there was a huge movement in 2004 and 2005 to purchase homes with the intent to flip them and make a bundle. Others wanted to upgrade to larger homes they couldn\’t afford using that great interest only loan contraption. People bit off more than they could chew and are now facing foreclosure (whether it\’s because they can\’t afford the mortgage, taxes or insurance- or any combination of the 3). Sorry about your luck but that\’s not MY problem. Try living within your means.
You no nothing about me and obviously nothing about my financial status, or you would not be insinuating, through your quoting of scripture, that I am going to Hell for being rich. I and those I work with care deeply for the people we serve. When it comes to making claims payments, we are bound by the policy, but strive to find coverage for all we can. I\’ve said this many times, the best part of my job is hand an insured a check to help them recover.
That being said, most consumer advocacy groups operate on the premise of helping the little man, but always at the expense of large corporations. This is the typical \”divide and conquer\” technique that was used by segregationists in the south. Blame peoples\’ problems on some segment of society or big corporation, and tell them how you are there to help them. All the people need to do is join the organization, send some money, and/or vote for \”our\” candidate.
It is painfully obvious that you, Ginny, are a hypocrite.
We have updated our privacy policy to be more clear and meet the new requirements of the GDPR. By continuing to use our site, you accept our revised Privacy Policy.
Ginny –
The person who supposedly received a 500% increase should move their policy to Citizens. I would like to see the expiring dec page and the renewing dec page for my own proof. Please post on your HAC website. Mark out the insureds name and address – no privacy issues. It will be real simple in just a few months after the wind blows and everyone in the state will be bailing out Citizens again and Charley will be in Big Time trouble. As far as the banter about rates being surpressed by the Ins. Dept, well my friend this is true. In fact, they set rates as well contrary to their speaking points. I suggest anyone not happy with their insurance premiums should open their own company and see where you will set rates once you figure oout how much it costs to run a company. AND I do not want to hear about the one exec who got $8M. It is a natioanl carrier and has nothing to do with your insurance premium.
Consumer Advocacy Groups all mislead to make their points. Just like was said earlier, stats can be manipulated to give the desired outcome.
If you do some research you will find that Pasco County is one of the least likely places in Florida to have a hurricane. That being said and you living on the inland portion of Florida if a Katrina type storm hits Florida it really won’t matter where in Florida you live. By the way my family has lived here for generations and none of them, great-grandparents, grandparents, parents, sisters, Aunts & Uncle\’s, or myself have ever been hit by a hurricane of even filed an insurance claim for any damage done by any type of storm.
As for the Key’s….I don’t think that anyone living in a modest to small home should have to pay $10,000 a year to insure it no matter where they live, it’s ridiculous! These homes were purchased for 30k to 80k and now they want 10k to insure them!
Ginny,
An honest question…
Does the $8700 premium include any assesments for Citizen\’s shortfalls. (I\’m assuming that\’s your premium)
Mark,
What a crazy statement to make! Why would a Consumer Advocacy Group want to manipulate results of anything….we are not in the business of ripping people off, we are in the volunteer line of helping people. It is painfully obvious that you and other insurance people like you don’t care about people, or if they are hurting, poor, or become homeless.
\”It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God.\” (Matthew 19:24)
Ginny Girl –
The reason the rates in Pasco county are so high isn\’t because of hurricanes, it is b/c of sinkholes. You already know this b/c the HAC website shows data about sinkholes in Pasco county. The average sinkhole loss is approx. $60,000 or more. Thanks to the lawyers pushing for more and more $$$. How mych money should you pay to cover average losses of $60,000 from one peril, sinkholes. We have not even mentioned, other covered perils,fire, theft, hurricanes, etc. $10k is cheap or self insure yourself.
\”History/Background: Hurricanes pose a significant threat to Florida, especially for those residents living along the coast. Hurricanes are unstable and unreliable, but their brief life onshore can wreak extensive damage. Pasco County has been impacted by four hurricanes over the last thirteen years, Hurricane Elena, Hurricane Erin, Hurricane Opal and Hurricane Georges. However, the threat of a hurricane impacting the area occurs annually. The economic impact associated with hurricanes (both warnings and impact) has totaled several million dollars.\”
I found that on the Pasco Emergency Management Website. It took me about 10 seconds to find that info. I am sure I could find a lot more. That statement alone appears to conflict with your claim. Katrina wiped out homes along the gulf coast, so I highly doubt your area is least likely to face a hurricane threat (in Florida).
\”That being said and you living on the inland portion of Florida if a Katrina type storm hits Florida it really won\’t matter where in Florida you live.\”
Really? Hmm… I don\’t really think I believe that statement either. Hurricane Andrew was a category 5 storm and I don\’t recall it wiping out our house in Sarasota. Not that I am an expert… but apparently neither are you. So that logic doesn\’t work with me either.
As for buying a home in the Keys for $30 – 80k, welcome to inflation. The cost to rebuild is higher than when the homes were purchased. It\’s unfortunate but I am sure the taxes have increased significantly as well. So, yeah, that is a lot of money, but it seems mighty fair to me. She could always move inland where I pay approx. $1500 a year for coverage.
Thanks for the post though.
Mark,
I believe everyone in Florida is being assessed for Citizens. This is due to the fact that it had all the higher risk policies dumped into it by the \”private\” market. It was never set up to be the second largest insurer in Florida. But with a year or two of no storms (like last year)it will be in the green and not have to make assessments. Also as it grows and gets some of the lower risk policies it will become stronger The only difference between Citizens and the private market is it is a state run company so there are no CEO\’s that will be needing 8 million dollar bonuses!
P.S. I also wish people would stop buying houses they can\’t afford and then whine when they can\’t pay for them. This comment is not directed at anyone in particular. However, in the Orlando area there was a huge movement in 2004 and 2005 to purchase homes with the intent to flip them and make a bundle. Others wanted to upgrade to larger homes they couldn\’t afford using that great interest only loan contraption. People bit off more than they could chew and are now facing foreclosure (whether it\’s because they can\’t afford the mortgage, taxes or insurance- or any combination of the 3). Sorry about your luck but that\’s not MY problem. Try living within your means.
I feel better now. :)
Ginny,
You no nothing about me and obviously nothing about my financial status, or you would not be insinuating, through your quoting of scripture, that I am going to Hell for being rich. I and those I work with care deeply for the people we serve. When it comes to making claims payments, we are bound by the policy, but strive to find coverage for all we can. I\’ve said this many times, the best part of my job is hand an insured a check to help them recover.
That being said, most consumer advocacy groups operate on the premise of helping the little man, but always at the expense of large corporations. This is the typical \”divide and conquer\” technique that was used by segregationists in the south. Blame peoples\’ problems on some segment of society or big corporation, and tell them how you are there to help them. All the people need to do is join the organization, send some money, and/or vote for \”our\” candidate.
It is painfully obvious that you, Ginny, are a hypocrite.
Have a nice day.