Florida is talking about a state windstorm pool (risk pooling, not gambling pool) like the national flood insurance. I guess that would be the compromise, but the insurance industry here really is plagued with fraud. The companies keep folding then coming back, I can only assume they are lining the pockets of the legislature with our money.
In the years I’ve owned a house (about 30) I have paid them enough that if I’d banked it instead at a reasonable rate of return I could buy another house. But have made no claims. So they are charging like every house will be knocked down once every 30 years, I guess, but again, my previous house and that whole neighborhood from 1925 is still standing.
Florida is talking about a state windstorm pool (risk pooling, not gambling pool) like the national flood insurance. I guess that would be the compromise, but the insurance industry here really is plagued with fraud. The companies keep folding then coming back, I can only assume they are lining the pockets of the legislature with our money.
In the years I’ve owned a house (about 30) I have paid them enough that if I’d banked it instead at a reasonable rate of return I could buy another house. But have made no claims. So they are charging like every house will be knocked down once every 30 years, I guess, but again, my previous house and that whole neighborhood from 1925 is still standing.