Citizens Cancels 200,000 insurance policies! (Insurance Collapse imminent!)

[@YakMotley]

Check this video out! "Is Florida becoming Unlivable"- kzbin.info/www/bejne/raHJdqmojq-rfNU Also, If you are looking to buy or sell Real Estate on the Gulf Coast of Florida or Alabama email me at [e-mail]. I am a Real Estate Agent.

[@johnpierce2390]

Well Insurance Company dropped me and I got another insurance and I have gotten my insurance and the insurance inspector came out and look at my house and he said I was cancel again I said for what ,he said I need a new roof and I had to Pay $8,300 for a new roof before I can get insurance with them it’s crazy my house is only 12 years old. The insurance company knows how to Screw people it’s Three times higher. only in America where you can get Rape,screw and tattooed at the Same time

[@caneprints]

Listen, the bottom line for Florida is that you will not be able to live there unless you can self-insure. That means you will either have to be an. Ultra wealthy person or. Large investment firm. It doesn’t seem to me that anyone really cares much about the little person in this unfortunate situation, so the days of retirees living cheaply in Florida are over.

[@peggypasson8794]

Ya kidding ? It's been all for the wealthy now for a few years .on this wealthy tax breaks in effect they are buying back stocks price gouging huge bonuses and we are paying higher prices everywhere yet the uneducated blame Biden crazy stuff .Trump made the vaccine they blame Biden .Trump shut the country down they blame Biden it's unreal just like make Germany great again was Hitler's slogan truth .

[@AlexBrandon.]

I agree you must be able to self insure and make yourself a payment monthly into a high yield savings account that you do not touch.

[@Eastwing74]

Thanks DeSantis

[@HenryLucask5l]

"Building wealth is like climbing a mountain; investing is the steady ascent, retirement is the summit."

[@CharlesLiamh1p]

Great analogy! Climbing toward retirement takes effort, but the financial freedom at the top is worth it.

[@BarbaraMarks7s]

Great insight! I'd love to meet a financial adviser who can help me climb the financial ladder effectively.

[@CharlotteNoah3]

Great point, With my adviser’s help, I’ve climbed the financial ladder, making informed decisions that support my retirement goals.

[@BarbaraMarks7s]

My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further.

[@CharlotteNoah3]

Thank you for this amazing tip. I just looked the name up and wrote her.

[@tomtee4442]

This is not for everybody but it is for me! I moved out of my house I lived in for many years. I moved out December 2019 a few months before co vid. I have a hidden mobile tiny home. It has everything I need the only regret I have. I wish I would have done it years ago. We don't need all these things we think we need!

[@rogerlewis3507]

You are absolutely right..

[@peace8373]

Kick consumerism in the butt, live a minimalist life style and your worries will decrease.

[@tomtee4442]

@@peace8373 being debt-free is stress-free that's words I've always lived by!

[@MrDisneyCollector]

I don't blame any insurance company dropping customers in Florida. Ridiculous to cover such a loss because people choose to live on a peninsula near sea level in hurricane alley.

[@CharlesB-NGNM]

I sold my Florida properties. Insurance was a major factor in the decision.

[@samename6479]

This is exactly how they will oust you out of a private home

[@DummyAccount-xg7uu]

If bought with a loan. If paid in full, no.

[@skybiz4520]

That's the problem 99.9% doesn't understand that People have right to live.. Your Home is not "Real Estate" or some "Business Corp".. It is a Necessity and it must be ensured by the GOV.. If you are "Paying Taxes"??? Then why these Counties/townships/ Corporations Stealing Billions of $ /year in Equity from people do not insure their OWN "bonds" that your houses are collateral for??? Where are those Securities/Bonds proceeds??? All taxes are commercial..

[@bornonthebayou7926]

I'm on the Texas Gulf Coast and I have never filed a claim but they just increased my premium by 80%. 😳

[@AlexBrandon.]

Jeezus!

[@UncleDavesKitchen]

I left Florida after Hurricane Andrew and have not been through a storm now in 32 years. If you want to play you got to pay. I'm in beautiful Sedona, Az and my insurance is $2K a year. If you live on a swamp in a historically documented storm area you get what you've chosen.

[@brucegordon9007]

With a little help from taxpayers that don't live there.

[@AlexBrandon.]

This is true

[@deborahklinkner1730]

I don't have a mortgage so there is no requirement to have home insurance.

[@Cenlalowell]

Good for you. I'm paying mine off if this ever comes to Central Louisiana

[@dennisdragomir7572]

just taxes, and insurance vampirs

[@johnjaco5544]

My insurance company dropped me years ago But I own my house so it's not a problem

[@billgale5568]

Me either

[@irwinsaltzman979]

I was wondering. Do you have the money to rebuild your house if flooded or wind damage? Or just hope no storms come your way.?

[@kingbradentucky]

It's not fixable. People keep lying to themselves thinking that there is some accounting solution to hurricanes hitting. The average home will be 20k in insurance per year by end of decade if you can even get it.

[@karlphoenix9068]

My cousin lives in St. Petersburg, Florida in a non-flood zone a couple of miles away from the beaches. His house is constructed of cinderblock stucco, and he had extra straps put on the roof rafters way beyond the current code. He made sure that his new roof a couple of years ago Was properly nailed down. As soon as his mortgage was paid off, he dropped all insurances except for fire. His insurance and living costs are relatively cheap as he said he can take his car and drive to the beach. Spend a beautiful day on the beach, then get in his car and enjoy his nice home. His area did not sustain any damage from Helena or Milton. my old home shore acres had 4 feet of water this time. I’m so glad I moved to Northern Georgia. I know that everybody wants to pay just $500 for property insurance and would not hesitate to demand a new $25,000 roof after our hailstorm. Do you really expect the insurance companies to pay for that? What are you all gonna do when FEMA gets even more defunded , just remember all that junk that was picked up in front of your house by the city was paid for by FEMA. Within a couple of years, only the rich will be able to afford to live on the coast.

[@robertmanley2687]

I retired to West Central Georgia from WPB. Love the country life.

[@billschafer9668]

My prediction is there will be separate policies for roofs as there is for flood. The roofing industry has been taking advantage of insurance companies and homeowners for years. Lots of new roofs are on homes financed by insurance companies where new roofs were not needed. You can’t expect to pay $3000 for insurance and then get a new $20,000 roof after a “hail storm” or “wind uplift” on roofs that are only 5 to 10 years old. Conversely insurance companies shouldn’t force homeowners to replace their perfectly good 15 year old roofs in order to insure them.

[@AnaM7777]

Don't worry, Florida residents, at least government disastrous, have protected Florida from the gays & "woke".

[@Tamara_W]

Sounds like a disaster for insurance in Florida.

[@eugenewalton7336]

Don’t expect Ronnie D to do anything for you guys.

[@darrylsheffield7102]

Or those Senators you elected.

[@thethinkingmansgame5050]

The state of FL should now reconsider their insurance laws... maybe no building codes now... no 25% full roof..... and minimal deductible of 5%... if the state cant insure ppl with their ridiculous rules, why do they think private ins can?

[@abschmit]

Citizens isn't really a company. It's a state-created entity. It was meant to be the insurer of last resort. Looks like it became a major insurer in the state.

[@douglasschnabel4480]

If you don't want to spend massive sums on insurance in Florida, you have two choices. 1. Own your home outright with no mortgage and "self insure" for the times when the roof is blown off or it floods because Florida swampland does not drain or both. OR 2. Move to a different state.

[@jeffspencer6974]

This right here. If you're insured, you're in a pool that subsidizes the poor decisions of multiple others. There's $500 - $750K houses going up in a floodplain about 3 miles from me where I've seen water stand 10 feet deep for over a month during seasonal rains. Just pile up enough dirt to build a pad.....never mind it may not be accessible and the foundation will fall apart due to soil saturation. Yet my risk is co-mingled with theirs and my premiums subsidize their multiple perpetual claims.

[@davidandrich6100]

I have Nationwide and they sent me a non renewal letter. Now I have to shop for a new one. I guess Nationwide wasn't on my side.

[@wg4154]

Corporations want to own all the properties by the Florida coast.

[@GeorgeKennedy-u4r]

You know the state of Floriduh does get a cut of the insurance premiums, which behooves them to see premiums go way up.

[@ronnacraig4216]

I always thought a roof was a 30 fix. Wow!

[@johnjaco5544]

30 year fix if it's done correctly

[@rogerbec5766]

Not in Florida. Roof's are replaced on average every 3 to 5 years by insurance companies and if they don't pay, suits are filed. Maintenance policies are expensive these days.

[@johnjaco5544]

@@rogerbec5766 Why would you live some where,where you would have to replace your roof every 3-5 years?????

[@rogerbec5766]

@@johnjaco5544 - Let's be specific. I don't and wouldn't want to live in Florida. Why do you suppose Floridian's insurance rates are through the roof, pun intended. (Rhetorical question)

[@Jack-russell103]

@@johnjaco5544 we dont replace roofs every 3-5 years here in fl. thats baloney

[@JTravelnutMac]

Wasn’t the whole platform of the GOP less government ??? They seem to be heavily involved in every aspect of your life in Florida??? What is up with this.

[@runfayalife]

You're the one that believed them ... They're all on the same team and it ain't yours.

[@pinschrunner]

Uniparty

[@monicalee9659]

*This is unsustainable for homeowners. Does Black Rock and or Vanguard have something to do with the high insurance rates. The other is are the hurricane's getting worse? I do believe we're in end times.*

[@KBArchery]

Our home insurance in Hawaii went from $6,000 a year to $19,000

[@edkiely2712]

Unbelievable! It's all symptomatic of our collapsing country. Good luck!

[@jenjen9266]

Same here in Louisiana

[@ashleym6765]

Yikes!

[@williamhodges3941]

Fraudddddd

[@geraldkoth654]

Dad was responsible and did not expect anyone else to pay for his problems. So he had a rainy day fund. I am forced to have vehicle insurance. What a scam.

[@anniesshenanigans3815]

@@Plutogalaxy which states? I want to move.

[@DummyAccount-xg7uu]

People getting mortgages to buy their homes are forced to have an insurance.

[@titoqwentezproductionz3406]

NO ONE FORCES YOU TO DO ANYTHING, MAN UP

[@l.j.r.8448]

Dad had more disposable income because CEOs only made 30 times what the average worker made.

[@twentytwenty3511]

Last I checked in Florida (2010) you don't need Auto insurance... Just plop down a $30,000 bond

[@tatianastarcic]

In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.

[@sharonwinson-m8g]

Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.

[@nicolasbenson009]

I agree. I have pulled in more than $435k since 2020 through my advisor. It pays off more in the long run to just pick quality stocks and ride with those stocks.

[@TinaJames222]

Mind if I ask you recommend this particular professional you use their service? i have quite a lot of marketing problems.

[@nicolasbenson009]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Sophia Maurine Lanting” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@Vincent-j8u]

I just looked up Sophia online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals.

[@Greezemonkey-n6r]

Your Attorney General needs to get involved immediately!

[@Howiefm28496]

Yes. The AG needs to take actions to shore up the profit margins for the insurance companies in this time of crisis.

[@devera7708]

It's not your house if they can force repairs. Repeal law

[@AmericanConstellation]

In the 80's my house insurance was like $450.00 a year. Now it's 6 grand and it's about to go up.

[@edkiely2712]

Maddening!

[@johnjaco5544]

Insurance companies Are in the business of making money Not losing money.

[@szrs6170]

I just got cancelled as well this month from Citizens here in Ocala Florida wtf the other company is $400 more than Citizens

[@nowyouknowrealestate5703]

Dropped also…. $1000 cheaper!!! Thanks for depopulating me Citizens! I didn’t shop insurance since purchasing it two years ago. I now know I’ll shop every year!

[@spinecat]

This is hysterical!

[@stevodakine1]

Yep, insurance cancellation is becoming pervasive in California, mostly home owners.

[@anniesshenanigans3815]

Mine is paid off and I told the insurance company to take a hike when it came up for renewal. Their requirements are insane and they are trying to find anything to make you pay more. ALSO, what they do cover at their extortion rates is lower than the home value and have a lot of exclusions. ON top of that, the taxes are stupid high. I am selling soon. I will move around and rent or live with relatives before buying again.

[@jpaffluent1709]

You wi) never be able to have insurance if you self insurance. I don't know if you sell if the next person can or just scrap the house n start over.

[@anniesshenanigans3815]

@@jpaffluent1709 there is no law saying you must have insurance. numerous people self insure. Its what we did before insurance became all powerful.

[@tomtee4442]

I'm from an old school I don't like going to anybody else for anything. I was thinking about buying a house years ago but after seeing everything that happened with 9/11. I said no more and it's not going to happen again. 911 cost me a lot of money and I started downsizing. The 911 collapse was huge. I could not see living close to water like a lake, stream, River, Creek etc. Living by water could always be dangerous. Even in the mountains hurricane Helene climbed up 3,200 ft above sea level in the North Carolina mountains and literally washed the place away. And that hurricane start it out in Florida and what about 600 miles up the road into the mountains with landslides and water. Florida is nice but living there is very dangerous. I may vacation there in my hidden mobile tiny home. But I'm ready to go at any moment's notice. With these fires, floods, hurricanes, tornadoes, hail, snow inns,, typhoons, droughts, extreme deadly heats and more. Anything can happen but some places are at more risk than others. When they decided to shut America down because of covid (A Flu) for about a year. Can people didn't have to pay rent for 6 months all the way to a year and a half. Literally put thousands and thousands of people out of a home. And that's when massive super inflation started taking off. Trust me I seen stuff like this years ago people are not going to pull together and fix anything. They're too busy working trying to pay bills to keep the lights on. The only way you will get a politician to listen is if you're paying them. And for most people they don't have that kind of money. Poli tic ians are truly the trash and the filth of America. The things that are happening are all by design. Read the UN agenda online you can't read it all because it's thousands of pages. But you can basically see what they're saying they can pretty much do anything! And in today's time November 2024 we all see this. And no matter who is president they won't stop this new world order. This is not just America this is a worldwide thing that's taken over about 96% of countries in the world.

[@kevinweber5129]

Once Trump start’s the Tariffs the Bankers will find a way to cause a recession to punish us.

[@fudogwhisperer3590]

Its going to be interesting to see how this insurance issue is going to effect the prices long term. I think in the next 2 years there are going to be some KILLER cash deals on homes in Florida. For me I plan on snapping them up in my area for sure. I paid cash for my place and self insure. Lucky I live in central Florida where storms usually don't do much damage.

[@gregcolin9488]

You think that's bad, you should do some looking into how the flood rates have changed since 2021. The federal government changed the way that they rate flood risks and many homes close to water went from $600/yr to $6,000. That could also have a huge effect on the real estate market.

[@reginafisher9919]

I can't believe people are still trying to live in Florida it blows my mind

[@1boortzfan]

I was told I could keep Citizens because the only other company I could slide to was over 20% higher that the cost of Citizens.

[@RMG148]

Unbelievable!!!

[@goodtimes9501]

No more taxes No more insurance!!!

[@rogerbec5766]

Better yet, own nothing and be happy.

[@rogerbec5766]

@@Plutogalaxy Won't argue with that. Own more, pay more too.

[@andreward8268]

No more taxes? Means--- no more schools, no more roads, no more law enforcement, no more courts, no more fire dept (shall I go on??????)

[@ras2010able]

Roofs can last longer than 15 years .

[@AlexBrandon.]

Especially a new roof in Florida where building codes must make the roof hurricane compliant... this is why the cost of a new roof in Florida is twice the national average

[@g.b.miller9165]

Well you can't blame the Democrats for this........but you are gonna try I bet😊

[@SoulfulVeg]

Sold my FL home in 2023. After making big improvements to the property (including a new roof, hurrican windows, etc.), Citizens send me a nonrenewal notice about some rotten wood on 10 feet of soffits. I was done.

[@robertbenefiel2781]

A complex world makes it impossible for most people to negotiate through the complexity of daily life !

[@Grammsimone]

The new American dream is to live America 😊

[@GeorgeKennedy-u4r]

Right on all points dude. Yet people STILL agree to more taxation. Who ever thought of the city purchasing new pickups and new SUV's for entities like "Office of Solid Waste" or " IT Department" or " Department of Risk"?

[@charlesbartlett2569]

Ask yourself who is getting greased by the insurance companies. Follow the money.

[@Vinnydvd]

I have been dropped by Travelers in Waterbury CT!! My Blasters not covered part of roof needs fixes water stain in ceiling. Didn’t even give me a chance to make fixes, they inspected house in March now I get a letter of non-renewal in Late October

[@ShellyScrivens-g9j]

If you have no mortgage just have fire and liability homeowners insurance and forget the wind insurance

[@goingagainstthegrain]

No flood?

[@basspig]

I haven't been able to afford homeowners insurance since 1999 when my property taxes quadrupled.

[@ashleym6765]

Um not a good idea depending on where you live ..

[@AlexBrandon.]

Most homes in Florida are built of concrete block. While fires occur they are not as frequent as homes made of timber.

[@larrybrickman6425]

Because … Florida. But my Mom inland in Delray Beach, not having these issues.

[@AR1point0]

I got my notice from Citizens a week ago cancelling my policy, now some company named Manatee will be the new policy holder.

[@JTravelnutMac]

@@AR1point0 seems like they are unloading a lot of policies to Manatee. Wonder who owns them? A no name company that you can’t sue when they deny your claim after charging g you outrageous premiums

[@JTravelnutMac]

@@AR1point0 - see like they are off loading a lot of policies to them

[@BH-fi1sb]

as someone in a blue state i am tired of subsidizing the dummies that live in hurricane Alley.

[@Tracker709]

You’re doing good work sir. Thank you

[@TheTamrock2007]

Past time to reduce government by 80-90%

[@eugenewalton7336]

And you bought in Florida…..

[@TheTamrock2007]

@eugenewalton7336 I left Florida 11 months ago.

[@miked7350]

If you look into all the funky insurance names and it boils down to just a few companies who underwrite and syndicate the policies, we need an investigation into those few companies that control the whole insurance market and jail the brass. Hint: Warren Buffet

[@steven4315]

Unlikely it's Buffet. More likely it's small fly by night companies that sell only in Florida and will sell policies until there is a big loss then go bankrupt. Yak's policy holder is called Florida peninsula insurance. How do you think they'll do in a major hurricane.

[@kurtdobson]

I would suggest the homeowners put together their own insurance pool, nonprofit. Circumvent the corrupt insurance companies.

[@RoscoPColtrane17]

The State’s last resort apparently isn’t a last resort.

[@tgj5680]

They meant “least resort” it was a typo.

[@onemishelle]

Well, now that Trump is posed to take office and everyone will be able to afford eggs, bacon and gas, homeowners insurance should be no problem, right Florida? Good luck!

[@cutthechicken194]

Under Trump the people will own nothing & will be force to like it.

[@AlexBrandon.]

Yeah.. good luck getting corporations to go backwards on pricing.

[@SirCarlosMusicBMI]

🌴🌴🌴 It’s nothing but a big ridiculous Circle jerk 😮. It’s true. Thank you 🙏, Carlos

[@AmericanConstellation]

I was born here in Clearwater, FL, 1958. My mom and and dad was born here in the 20's. This was a great place to live until everyone from up north decided to move down here since the 60's. Now this place is so crowded, when a bad storm hits, there's more people in the way. It get called climate change. It's not climate change. The only thing that has changed is that everyone wants to live here and bad things happen to more people when a storm hits.

[@jasoncrandall73]

Not totally true. Blaming northerners for all the Florida issues is a cop out. They spent decades up north paying off a home & they had very good equity when they sold it. Drive around Brandon, Riverview, Wesley Chapel etc & you will see almost all new subdivisions that have homes 10' apart. I live in Dade City & there is almost 0 storm water drains in the streets. Existing homes are a lot more than 10' apart & have good size lawns (Older parts of the same cities that I mentioned above also have it). I have read many studies that have shown rainfall increases of about 1%/year for many years now.

[@AmericanConstellation]

@@jasoncrandall73 You're still in The Nile. It's not climate change. There's just more of you in the way now.

[@stevensims3342]

Exactly, at this point there are humans living practically everywhere unless it is an active volcano. If any natural disaster occurs, someone will be affected by it, because we are everywhere on this planet now.

[@peggypasson8794]

Ahh let's not forget what Cuba did he dumped his mental illness an crazy on Florida .some one decided they should be with relatives an the usa actually brought them over to stay with relatives lol an we got Scarface !

[@samo8204]

I bought my house for 245 and "All in" the payment was in between 15-1600. Insurance dropped me and now my payment is almost 3K!

[@Howiefm28496]

They have change the corporation name to Citizens Denied.

[@M22Research]

Actually, there is an insurance industry clearing house that shares the insurance history of all homes. The claims stay with the home. Always check the clearing house (via a quote on the home) before committing to buy. This is a key reason to carefully consider whether to file a claim on your home. A long claim history can make the home sale-proof.

[@loki-ly9xb]

Three years ago, my insurance company left Florida and I had to find another company. Now I have a different one and pray that they don’t drop me. But I did get my statement in the mail what my bill will be and what they cover so I guess I’m good for another year hopefully

[@taramcdonough3599]

Years ago the Governor of Florida (cant remember which one) told all the insurance companies that they had to provide home owners insurance if they wanted to do any type of insurance in the state of Florida (ie car, health etc). This stopped home insurance companies from pulling out of Florida with home insurance. It also allowed from home insurance (all insurance) to be set at a reasonably price because of all the competition. Gov Desantes Im afraid is in the pockets of the Insurance companies (just like Obama was). Gov Desantes was the one that allowed for the difficult to sue a home insurance insurance company now. Deleting a 100+ year old law that allowed for a insurance company to have to pay for the plaintiff's lawyer fees if the plaintiff (home owner) won in court if it was proved that the insurance company did not pay out the proper amount of insurance claim value. We need to start a petition in Florida to stop this insurance corruption. Now Gov Desantes is allowing for Home insurance to go out of business and not have to pay their liabilities. Then after some time these same insurance companies start up new insurance in Florida and run the same con once again. its SHAMEFUL. DONT trust ANY politican. BOTH sides are corrupt & in the pockets of BIG Corporations NOT working for the citizens. So sorry this happend to you & your family, its SHAMEFUL and feels so fraudulent. To get out of this homeowner insurance rat race con game PAY OFF YOUR HOME ASAP. take a second side hustle etc and then self insure your home by building up a home reserve fund (just like condos do) to pay for any home unexpectedly cost such has hurricane damage etc. We home owners have to think outside the box to beat these insurance companies & politican con game.

[@goingagainstthegrain]

We're out of here. It's not worth the headache anymore. There are too many moving parts that have made this state wreak of sulfur. DeSantis didn't fight for the residents of Florida. Instead, he had his hand open. We're aware that corruption is everywhere. But, it's become overpopulated here as well. Ha! We just received a letter from the city water stating that when we built our home decades ago, it might have lead pipes. It doesn't, so they labeled us as "unknown." The year prior, their annual analysis of the water testing was horrible. It's one thing after another. Good ole boy farce and sham.

[@taramcdonough3599]

@@Plutogalaxy the polnt with Obama was in the healthy insurance companies pocket. Hence why everyone is forced to have expensive insurance.

[@sandreawhite7534]

Well said.

[@Justine-gp5tn]

Thanks to you for your overview

[@donnaragsdale9444]

THANK YOU FOR THIS INFO.

[@nealruth664]

Self Insured is the only reasonable way to go. Banks will have too eventually get involved in this mess.

[@irwinsaltzman979]

Is there a Florida state or regional entities that does a storm drainage or flood review before builders are allowed to build new subdivisions. I am in Houston and our county is in a flood control district which have some ability to upgrade drainage systems etc. it is far from perfect but does clean out , cut grasses in these ditches. Etc

[@Elizabeth-mo3fv]

we were cancelled and then were ‘given’ a new policy @ $7000+ and according to the policy run down, we have several discounts, so we are paying $4270/yr. we are 37 miles east of the coast. Lee clowny

[@Dryloch]

I have a 50 year Owens Corning non prorated roof. It has extra prep and nails done on it, which is why they give the 50 year guarantee. I'll be damned if I replace it after 15 years. Good thing I live in northwest GA.

[@jeffspencer6974]

Roof covering warranties are highly contrived sales pitches. If you read that warranty closely you'll find dozens of weasel words giving the manufacturer an out or passing the problem to the installer who is more than likely nowhere to be found. One nail out of place? The whole roof is now out of warranty......

[@gregcolin9488]

This is such bad information. You should stick to fishing and talk to an insurance agent that knows what is going on in the industry. Mis information is hurting tons of people. That's also not why mortgages are increasing at the rate that they are. It has to do with their escrow account. Citizens has always had the takeout clause. This has been law for at least 15 years.

[@brianblithe2271]

I was wondering about the roof to rafters straps ( simpson strong tie type ). Are Insurance companies requiring these on homes without them now ?

[@garfielddaley5855]

Thee Govenor need to fix this crisis especially the older homes, once the home reach 30 yrs old you cant get insurance undeer $9,000 yr even if you do roof,electrical, impact windows & garage doors etc etc.

[@deborahklinkner1730]

Ky halfed again my insurance & I cancelled them. At least I did get a new roof out of them for hail damage before they did that. They said this was the normal raise across Ky

[@paintingartsncrafts]

Citizens is only a bridge insurance to get you through the time between your prior insurance and another. It was never meant to be permanent.

[@Chowdown777]

I'm in destin, Not on the water, Never had a claim since i built the house in 1987. Think hurricane opal. Been let go by three ins. companies, Now I have citizens ins. I got the letter about the within 20% rule. I'm at 4000.00 now plus flood ins. It's not much fun paying High ins. premiums because people build on or to close to the water and there house gets destroyed.

[@loki-ly9xb]

We live in Florida and they told my sister she had to put a new roof on and she did and she still had to go through hell for them to renew her insurance. I want ahead and replaced mine because it was 10 years old and I didn’t have the money to do it, but I did it.

[@DaveG-qd6ug]

If you have an older home the wind mitigation improvements are actually in your best interest.

[@jeffspencer6974]

Not too long ago I inspected a house built in 1996 when wind mitigation requirements were much less stringent. The cost to update was $64K on a $300K hose, not including repair/replacement of collateral damage to interior wall and floor coverings.

[@DaveG-qd6ug]

@@jeffspencer6974 I replaced 20 windows a roof, garage door, and 3 doors for about 45k, all hurricane rated and clipped the rafters. 1300 sqt sfh tampa bay. 64K sounds pricey.

[@EmilyBachmeier]

I live in small town Iowa in a 120 yr old 900 sq ft house and my insurance went from 800 to 1900 after getting a new roof after a baseball size hail storm. Sucks but nice to have new roof i guess cuz it was getting pretty old

[@jeffspencer6974]

Therein lies the problem....too many homeowners ignoring maintenance and repair, expecting the insurer to pay full cost to replace a roof that's 10 years beyond its service life. As a real estate inspector I see 4 or 5 houses just like that weekly.

[@EmilyBachmeier]

@jeffspencer6974 I bought my house 2 and a half years ago and the Inspector said it had probably 7 years of life left at that point

[@Rochellecastro1]

What about all the people living in the mountains who may have to move because they’re unable to pay the triple rates of fire insurance? Some people just live in certain places for generations! I doubt that many live there because of the scenery! Government intervention is needed!

[@BillyMartin68]

$865 a year in sunny Gilbert, Arizona. 🎉

[@loki-ly9xb]

This is another gain for them doing weather, modification, causing so much damage at the insurance companies will either raise rates or not cover anymore. Remember, no one should be able to own property except for the rich.

[@fooshampoo904]

Yiu have my sympathy. It does seems like investing in one of those various more storm sturdy homes might be cheaper in the long run than always paying more and more.

[@kathyparker7837]

Citizens has recently requested a 14% rate increase I saw.

[@JeffreyDRein]

A shingle roof should last as long as the warranty, some shingle roofs are warranted from 20 to 50 years depending on the shingles tile used

[@jeffspencer6974]

Nailing schedule not followed by installers, even on one shingle.....warranty voided. Cap shingles, ridge vent or underlayment incompatible with manufacturer specs (to include products meeting specs but wrong brand).....warranty voided. Wrong sealant at flashing or the owner repaired a small leak with FlexSeal or Blackjack.....warranty voided. Bacterial growth (Gloeocapsa Magma) not cleaned from roof regularly.....warranty voided. The list goes on. Reliance on a shingle warranty is a false sense of security.

[@billsmith5109]

What a whiner. Insurance companies aren’t charities. They are for profit companies. Someone builds a house on a beach. It’s not the insurance companies problem if you built within a storm surge zone. If the house has a 5 percent chance of being destroyed next year they need to charge 6 or 7 percent of the cost to rebuild the house. That’s $24K to $28k per year. Make it 2.5 percent, then $12k to $14k per year. That doesn’t count fire, a pipe breaking, a tree falling on it or any other perils. Think they’re charging too much? Found a mutual insurance company.

[@paulritchie726]

I have a 30k deductible!!!! 5k a year! Only owe 160k my lot worth that!.reform needed now.

[@fireboltaz]

I’ve been paying extra on my mortgage for a house I rent in Virginia. I suppose I should switch and pay my Florida mortgage down sooner so I can self insure

[@peggysanderson8439]

How many people will lose their homes due to the hearty bump in insurance costs?!

[@luiscruz-no3ib]

My insurance Doble in to years .i do not leave on a high-risk area, but i paid for the ones that do that. That is what makes the The whole situation is unfair. If you're living on a beach home, then you should be able to pay .i shouldn't have to subsidy yours . If you are buying insurance in florida, make sure you read the fine print .

[@YellowSkyCrystals]

You tell us to vote to fix the problem. We have been voting every two years forever now. Voting is how we got here. “ don’t complain if you didn’t vote “…. Well, we voted and we are still complaining. It’s the definition of insanity. KEEP VOTING !!! Just another 200 years of voting should do it! Trust us! 😊😂

[@What2B]

The 1000 Year Ticket started in earnest about 100 year ago as far as i can tell.

[@TikiManTimoki]

Don't forget 2030 agenda, will require you to have all the new smart appliances too. In order to qualify for a loan or insurance

[@Jack-russell103]

citizens can only drop you if theres another policy available within 20% of their price

[@dennisdragomir7572]

Got to put a roof on in MN.... Its everywhere

[@debbiec6817]

They have been paying for their insurance they should receive it

[@gloribyrd9259]

Weather modification. 15 min cities. Big corporations.

[@jackcurvin9769]

they' don't call it the protection rackets for nothing