Insurance rates are climbing in many places. Here, in California, there are 11 million people living in fire hazard areas and word is that getting insurance will be pretty tough in the future. Many companies pulling out, rates jumping by 100% and so on. I hear that companies are pulling out of Florida too.Friend lives in Apollo Beach. 2 feet of water in the house, hardwood floors. His insurance rates were already high. Wondering how high they will go now. With floor and drywall damage, good luck finding a contractor who can replace everything before mold sets in. They have lived there for 30 years now and never experienced something like this but the last one that hit Fort Meyers and Sanibel came close. Whatever you thought your home was worth just went down now that you've had flood damage. I feel sorry for all those folks.
Sounds awful. And it's not just 'water' that's everywhere. It's disgusting dirty water that's absorbed all kinds of crap as it floods an area. I can't imagine the filth that's floating about. Yuk.With floor and drywall damage, good luck finding a contractor who can replace everything before mold sets in.
You`re correct about insurance Cos. bailing out of covering FL. homeowners and of course, the fewer ones remaining are excessively jacking up their policy rates with greater limits.Insurance rates are climbing in many places. Here, in California, there are 11 million people living in fire hazard areas and word is that getting insurance will be pretty tough in the future. Many companies pulling out, rates jumping by 100% and so on. I hear that companies are pulling out of Florida too.
Self-insurance is the best kind of insurance!So no homeowner policy rate increase happening for me anymore.
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