Florida Home Insurance - 48% Increase

[@kraft837]

Hello Barry, it’s Kevin, tell Max hello for me, my dad dropped homeowners insurance years ago because of the yearly increases. It’s been on the news. A lot of people don’t have home insurance because it’s just too expensive. Yes that’s definitely crazy. Keep warm. It’s been so cold down here in Florida thank God for space heaters.

[@ThemeParkBazza]

It has been a long chilly spell for us, hopefully warms up soon

[@amymcelgunn2720]

Thank you for being so open about this insurance problem in Florida. Honestly, we’ve been tossing around buying a condo in South Florida and this is making us reconsider. I hope soon we can all find relief from exorbitant expenses.

[@ThemeParkBazza]

As I mentioned I am told it’s even more expensive in South Florida

[@raebirchall7896]

I know it seems a lot of money for insurance but always worth it, our friends here in the UK got flooded 2 weeks ago. They had over three feet of water in their house, they have lost one of their cars and the whole of the downstairs of their house and will be out of the house for about 9 months. Thankfully their insurance company are paying for a rental property and all the repairs. I did have to smile obvious you two are brits, you were the only people walking throughout your whole vlog on a gorgeous day if that was here you would have passed dozens of people out walking.

[@ThemeParkBazza]

Well as I mentioned , the insurance here does not cover flooding. You have to take out a whole other policy on top of your main insurance to cover that

[@jamesschumaker]

Thanks for sharing your Florida homeowners insurance journey! Sure, it’s like living in a flood zone lottery, but hey, it’s still cheaper than a vacation or a cruise-and you get to live in paradise full-time! 🏝🐊 As always, looking forward to next week’s dose of fun!

[@ThemeParkBazza]

I agree it’s paradise and I am certainly not complaining about the weather

[@Darryls_World]

Happy you got a good company at a Florida relatively reasonable price. Your insights are spot on.

[@ThemeParkBazza]

We found a great agent !!!

[@Steve-l7v5f]

Such an interesting vlog, and sounds so crazy!!

[@ThemeParkBazza]

It really is!

[@shirleybrewer8921]

Ours is about $2,100 here in central Illinois. I won’t be surprised if it goes up too, tho! And then taxes, it’s hard to keep up as retired people!

[@ThemeParkBazza]

It is when it’s part of your retirement budget

[@wakeywarrior]

Crazy that Baz. Which road you walking on here, with the lake and big houses, looks a nice walk? Allstate is now ‘NotAllstate’. But life could be worse, it’s raining and cold here. I find these cost of living/ retirement videos interesting. Glad you got the cost down. It will be an anxious time next renewal I imagine.

[@ThemeParkBazza]

True things could always be worse. lol “Notallstate”

[@isaacsworld9269]

Hi Barry, we live in St. Cloud in a 2022 new build worth about the same 500K to replace and we paid $1800 last November for Home insurance through State Farm. They told us if we buy their home insurance they can cut our car insurance for our two vehicles. We have a 2021 Pacifica and a 2024 Subaru Crosstrek and pay $205 per month for both of them, we took off uninsured driver and it dropped a LOT! We had to take some risk as it was getting crazy. We used Tower Hill insurance when we got the house but State Farm was about $75 more expensive but we got the car discounts which saved us about $500 a year. Our broker is Sharon Testoni at Longwood branch State Farm a lovely English girl who has dealt with us since we arrived in 2022. Thanks for the great advice and your hard work!

[@ThemeParkBazza]

I tried State Farm but they are not underwriting any new policies in Florida. I did go with them for car insurance and they were cheaper. I also removed uninsured motorist

[@isaacsworld9269]

@ wow thx

[@julesvlogs2222]

I’m dreading my renewal. It went up 35% last year. I’m hoping it won’t go too high as we haven’t made a claim. Our house is 4 years old so maybe we will get lucky? lol . Glad you got yours sorted. We tried to bundle home and car insurance, and it made no difference. I ended up taking my car off comprehensive and just have liability insurance (it sits on the drive and only gets moved 1-2 times per month) we drive my husbands van mostly.

[@ThemeParkBazza]

Hopefully yours won’t be too bad, we were very lucky

[@CraigKell]

Same issue here in Illinois with insurance. Just moved from progressive to GEICO and saved $550 for our cars. Homeowners went up $400. Crazy.

[@ThemeParkBazza]

Wow

[@alanleafy]

A few years back, we here in the UK had a similar thing in the insurance company forcing us to offload by taking our house insurance from £500 to £1400 with no claim. So although lower than your cost a big % increase

[@ThemeParkBazza]

So it does seem to be a deliberate strategy

[@donaldlamaster3789]

Sorry for all the stress you both had to go through. It's been 9 years since we left Fl. It was expensive for us back then, but it sounds crazy now. Georgia is more reasonable, but still crazy in my opinion. Can't wait to see your next renovation.

[@ThemeParkBazza]

If it’s gets a lot worse we may head up that way or the Carolinas

[@lynnnovick889]

The trouble is, they won’t pay out when you have a claim.

[@ThemeParkBazza]

I think that’s true for all insurance companies

[@ellcor]

You're not alone. My car insurance in UK went up from £350 to £1050. Never had a claim!

[@ThemeParkBazza]

Wow, do you think it’s a similar strategy to offload customers

[@statesidestan]

Hi we were insured with Olympus when we live there. Everything was good until we had the roof damage with a hurricane. They said we had to pay 30% excess on the roof because of hurricane damage. If if was a hail or storm damage it was 10% excess . Our renewal was $6,000 . They blamed the cost of claims in 34758 zip code. That’s another reason we moved back . Car insurance and health insurance were crazy too .

[@ThemeParkBazza]

Where did you move back too ?

[@andystreet1479]

wow the home insurance is so expensive and is car insurance the same this is a major issue caused by global warning and some very powerful hurricanes. great advice as usual.so glad to see the weather has warmed up

[@ThemeParkBazza]

Yes it is warming up here

[@aakeister]

Be goad its not Californua, insurance companies also pulling out the state and if the house is above 3 million, you cant get any insurance

[@ThemeParkBazza]

I guess all those fires have not helped

[@SamanthaSmith-tv1jl]

Hi Barry thanks for that ,what a nuisance for you.Could you do an update on your living expenses in Orlando it will be interesting especially property tax etc ,thanks so eye opening 😅

[@ThemeParkBazza]

Great idea

[@thebrummierailenthusiasts5329]

0:03 looks like you and Maxine are out for a bit of fresh air

[@ThemeParkBazza]

Yes, time for a walk

[@repboy1]

Thanks for your vlogs , I think when it’s time to retire I’ll fly away from Florida back to the uk 🇬🇧 lol lived here on and off 30,years 😢

[@ThemeParkBazza]

Always an option we have as well

[@Mark-ik2lo]

Wow, we thought the UK had increased but ours is around £500 for both home and car, weather not as nice though. 😢

[@ThemeParkBazza]

It’s about twice the price as Virginia

[@kraft837]

Oh yeah, that’s what they tell you , your house is worth more but it’s really not. They told my dad the same exact thing insurance is the biggest scam down here.

[@ThemeParkBazza]

I think it’s just a way to remove customers

[@bettyjohnston7015]

Same here in the UK all insurances have jumped. X

[@ThemeParkBazza]

That sucks

[@skybluejay9473]

Very interesting vlog Bazza, thank you. Our house insurance and car insurance renewals have just come in and we quibbled over a few hundred pounds, not thousands! Do the US not have compare the market websites like we do for our insurance over here? Looks like we’re going to need all of the £56m lottery win tonight to get a house in Orlando 😳 Have a good weekend both

[@ThemeParkBazza]

I they only have the websites where they give everyone your info and you end up with 50 calls in the next 10 minutes

[@rogerthat.9105]

Every state has its pros and cons ups and downs some states more than others😎. How far away are you from Disney the reason why I ask I have some relatives that live in Orlando and they are about 20 minutes away from Disney you guys could be neighbors?

[@ThemeParkBazza]

We are a couple of miles from Disney

[@lisajl6242]

Yeah- Welcome to America where everything keeps going up!

[@ThemeParkBazza]

Yep, but I think it’s the same in the UK as well

[@stevenpluff6481]

My insurance is very high because I live on the Mississippi Gulf Coast. Biloxi Bay is less than 1/4 down the road from the house so getting flood insurance is no picnic. I do save on fire insurance because I live right next door to a fire station

[@ThemeParkBazza]

You were slammed last year for sure

[@jolilly4264]

Our renewal with citizens has come through and they have passed us to another provider from march not seen a $$$ amount yet!!!!

[@ThemeParkBazza]

I hope it’s not any increase

[@dean8524]

How much? 😮 insurance everywhere has gone up. But that’s a huge jump.

[@ThemeParkBazza]

It was a shock I tell you

[@michaelward4669]

Milton has a lot to do with this could be a occurrence

[@ThemeParkBazza]

We had two hurricanes last year

[@DonnaBloch]

If your original home price is at a lower price then homes selling in your area presently, never ever have your home appraised if your not selling. It will trigger many things, including insurance price. Especially if you make an insurance claim.

[@ThemeParkBazza]

I had no option, once the permit was complete on the pool the state inspectors was round the same day . Not my ask

[@StevenSimpson-gk6fd]

Hi Barry, can you send the details of your insurance broker please, thanks Steve

[@ThemeParkBazza]

Just message me in one of our socials and I will send you his info

[@danbron]

UK has increased a lot as well. Can you not use a comparison website? That’s typically what I do in the UK, no need to speak to anyone

[@ThemeParkBazza]

No they just sell your info to about 50 insurance companies who all call you at once

[@trevorclark4140]

In all fairness you do live in the path of a hurricane 💨💨

[@ThemeParkBazza]

That is true so I did expect double the paid from Virginia when we moved here. Also all homes have to be built hurricane resistant which is not the same as other states

[@trevorclark4140]

I like these vlogs, everyone who comes to Florida thinks I’ll move here and you show the reality of what to expect. Thanks Barry for your openness.

[@ThemeParkBazza]

I do worry I am spoiling the dream many people have, but it’s better to be informed in my view

[@Chrissyhappy]

My home and contents in the UK is £180 p.a 😮

[@ThemeParkBazza]

That’s a good price

[@michaelward4669]

Milton has a lot to do with this they could be a yearly thing

[@ThemeParkBazza]

Indeed

[@gilscot100]

What an absolute headache. I hate insurance…. a necessary evil I am afraid.

[@ThemeParkBazza]

Indeed it is

[@TheUKGoonie]

You have to wonder how people can afford to have a house and car at those prices.

[@ThemeParkBazza]

Unfortunately many do not insure their houses and cars as they cannot afford it

[@VernaMarie]

Crazy !

[@ThemeParkBazza]

Right !

[@hazelross4256]

What a pallava!!

[@ThemeParkBazza]

Indeed

[@Steve-l7v5f]

Why is car insurance so expensive there? Your roads are straight!

[@ThemeParkBazza]

Tourist drivers :-)

[@siuk65]

“Wow, that’s pricey! Here’s a thought-how about selling up and moving to a charming little place called England? Sure, it’s a bit chilly for a few weeks a year, but with global warming doing its thing, we’ll be basking in tropical sunshine in no time. Just putting it out there!” 😂😂

[@ThemeParkBazza]

If it ever got too expensive here we would move up a bit to Georgia or South Carolina

[@marthacreighton8582]

Wow that’s expensive if it keeps going up at that rate you might have to back to work

[@ThemeParkBazza]

I think we would move first to a cheaper area

[@tracybates2285]

Glad uk insurance is cheaper.

[@ThemeParkBazza]

It’s crazy here

[@VeraGYall]

Well I live in paradise as well. I pay $3k for house insurance and you know my little 1000 sq ft home isn’t high value. And over 8k a yr in car insurance… I am still paying my kids insurance. Still I’m exhausted from your story and I’m there as well. Paradise … not really sure.

[@ThemeParkBazza]

I guess as you are nearer the coast the premiums are higher