Florida residents react to potential insurance rate hike

The Citizens Property Insurance Corporation's Board of Governors voted to approve a new rate package for 2025, meaning customers could see up to a 14% increase. "You know, we don't feel like we have much of a choice at this point, so we are just dealing with it as best as we can," said Frances Druding, a resident in Pinellas County. That's how Frances and Jason Druding feel when it comes to home insurance options.

[@JaredMerlin]

My homeowner's insurance went from $2,200+ to over $6k+. Right now, I have no house insurance and I am selling my home. I am getting out of Florida as fast as I can. This is outrageous.

[@mlohorn]

get out while you can,, before the first cat 5 hurricane rolls in,, THEN you are toast!

[@phallondavenport470]

Get out while u can.. The insurance company is doing this because of the rain storm they we had in South Florida. This is not the peak of hurricane season so sell your home while you still can.

[@boudicaguerrera3871]

A pay $9,000.

[@lindacollins903]

I did the same thing last year. I lived in Southeast Florida and every year I had to deal with increases, cancellation, or moving in or out of Citizens. I moved to Florida in 1983 when it really was paradise. Not so much anymore. Add in the ever increasing heat and humidity and the threat of hurricanes for 6 months each year, I finally had it. I put my house on the market, had one open house weekend and got 6 offers. I closed at the end of August and moved to Pennsylvania. I'm originally from NY and had forgotten how much I missed the change of seasons. I would visit Florida but I would never live there again

[@ElanaMccullum]

BUT FLORIDUH HAS SO MANY FREEDUMS .

[@subicstationditosailor4053]

Stop covering homes built on the beaches. We are paying for their paradise.

[@mlohorn]

@@tradewisetv2801 not where i live,, and i only pay $500 a year for a house right next to a river,, you florida residents are getting screwed, OH WAIT

[@patrickm6012]

We also pay for inland flooding and tornadoes and hurricanes and greed and corruption. If you lived in the Midwest would you argue no insurance for living in tornado alley?

[@edwardsuarez-ri5dz]

Raise insurance cost for rich people to 2 million a year

[@neilkurzman4907]

@@mlohorn The problem isn’t that you live next-door a river. The problem is that their river sometimes comes into their house. When’s the last time your river overflowed its banks? Or is it required that your house be a certain level above the river before they allow you to build there? Florida decided many years ago that they were libertarian state and you could build wherever you wanted to.

[@georgegipsongeorgegipson8266]

Even worse coastal insurance is subsidized by other tax payers. Wrap your head around that.

[@King_leo]

Thieves that is a shake down mafia style

[@neilkurzman4907]

This isn’t the private insurance companies. This is the Florida state insurance company. By the way, the prices are actually too low if there’s a hurricane, your taxes are going up to.

[@half-breed]

Magots are crying and meatball ron just shoved it in a little deeper 😅

[@twosons5290]

It’s ok Floridians. I am sure your governor and legislature are working on it since it has been a problem for a decade or so.

[@regtowers4914]

😂😂😂

[@Dohair879]

It’s criminal what’s happening with insurance all across this country.

[@harrydoherty8299]

it’s not high in massachuetts

[@jbar_85]

Florida is not a paradise.

[@FerroEquus-262]

It is whatever you choose it to be. Don't like Florida? You should relocate to New York or California, see how long before you cry 'uncle'! 😆

[@jbar_85]

@@FerroEquus-262 naw I won’t move to woke states. I don’t mind another red state. I am born and raised Florida native and my mom. But too many people too hot and too humid. Over it.

[@mackjsm7105]

Go back to your liberal sht hole

[@ka0s-v7i]

​@@jbar_85please dont come to blue states your not wanted anyways with your nonwoke extremist views.

[@georgegipsongeorgegipson8266]

​@@FerroEquus-262Not really the infrastructure isn't keeping up with the growth and from the beginning of August till the end of October you're just waiting around to get hit with a hurricane. Everything takes longer and the housing cost just doesn't make any sense.

[@half-breed]

Meatball could have fixed this so easy by simply banning the words " flood and huricane ". Thats how he fixes everything else

[@quartytypo]

Already own a home in Florida? Sell and downsize (no condo or HOA) to where you can pay cash and skip the insurance trap.

[@specialk2514]

There are no affordable houses that are a downsize.

[@leaf1131]

Florida is a sandbar that's getting narrower by the day.

[@robertschaaf7192]

IF YOU HAVE A MORTGAGE YOU HAVE NO CHOICE

[@ElanaMccullum]

FLORIDA AND THEIR WONDERFUL FREEDUMS🤣🤣

[@mackjsm7105]

And liberal states you ID10T?

[@richardreger6026]

Don't say insurance and it will magically aday

[@lynncollver6067]

Did someone tell the insurance companies that 2024 would be a very bad year ? Be sure you read the policy carefully before you buy . Sometimes they don't cover hurricane damage , flooding or other . Speaking from experience .

[@proudparrotparent815]

I live in Florida ,an this is no paradise ,its not evven close IMO .

[@NoOne-xh3nm]

Keep voting red Florida

[@johnx4181]

We will thanks

[@craig162]

What about California, Hawaii, and other blue states ? I live in North Florida and my insurance has gone up $ 200.

[@Dohair879]

This is not a red, blue issue.

[@bubbajones4522]

It's sad that so many people think there's a difference between red and blue. They are all globalists working to destroy western civilization.

[@johnx4181]

Did you not see what happened in Steinhatchee? Either way we are paying for what happened on fl sw coast last year...and Blackrock trying to stick it to the governor...but if it keeps people from moving here I'll pay.more

[@pepperwatson7784]

Every year insurance companies make more and more profits, but like to pretend like they’re struggling

[@igit_7296]

That’s why they are leaving the state. The insurance companies have made so much money that they don’t need money anymore.

[@neilkurzman4907]

And part of their scam was to go out of business and to move out of Florida because they were losing money? Citizens insurance is the state of Florida.

[@markg999]

​@@igit_7296😂 right

[@gameosapien13]

They need more action then simple rate hikes Florida is a hurricane disaster zone that costs billions yearly. The people who live there should be paying for there own choice to live there not the rest of America not every time they get hit.

[@itweety21]

Keep voting for that clown Ron. I left the State had enough of his personal agenda not the people.

[@KennethGreenCMP]

The irony of FL - We hate Government Insurance (Health) these people need to get private insurance but we should have Government Insurance (home owner, flood, wind). Florida is building the largest Welfare group in America.

[@perthohome7470]

Citizens was created by the Florida Legislature in August 2002 as a not-for-profit, tax-exempt, government entity to provide property insurance to eligible Florida property owners unable to find insurance coverage in the private market.

[@KennethGreenCMP]

@@perthohome7470 I understand, they created a Government insurance business. People can find it in the private market the same way people can find health insurance in the private market. If we don't talk about affordably and percent of income when it concerns health care why are talking about in home owners insurance? Most of those people chose to live in FL.

[@redevic5292]

They need to drop the "Price for Paradise". People move for the sun and beaches only to get rain and sewer flood water.

[@hoosierdaddy8002]

I think I`ll just visit Florida for a couple weeks a year and not buy.

[@nickic1864]

Florida homeowners are the first to brag how much their homes are worth and going up in value. Then they complain about insurance, taxes, HOAs and assessments. News flash, no one feels bad for you.

[@CK-hu8vz]

They will benefit when everyone is forced to rent one day.

[@user-vd9tg5lg2z]

My uncle lives in Ocala Florida we have the same style home but I live in Troy, Ohio. Both built in 1999 3 bedrooms 2 bathrooms attached 3 car garage and shed and I pay $1,100 a year and have had no claims at all. My home is paid off and been in the home for 14 years. I bought it in 2010 for $80,000. He bought his for $110,000 in 2014. He paid $2,300 a year for insurance. We have the same coverage except for hurricane. Pretty sad.

[@phallondavenport470]

Keep voting red. DeSentis is having his laugh all the way to the bank.😂😂

[@jasoncrandall73]

Florida was a whole lot better when it was purple (up until 1998).

[@craig162]

The same problem is in Blue states too. Huge fires in other states this year. What about Hawaii?

[@bigg1597]

Red or blue are same scammers 😮

[@fandam801]

Their beloved unrestricted capitalist system that always knows what is best for society is telling them something: If you want to live on a sandbar in the middle of a hurricane shooting gallery then: You must own your house and you must self insure if you want to live there. The almighty free market has spoken!!!!

[@regtowers4914]

Yes he is as he took plenty of donations from insurance companies for his Failed presidential campaign

[@paulwilliams6946]

Get the lawyers out of the picture an prices could down 20 percent

[@Willtellthetruth]

And yet the moment you have a legal issue you're running to a lawyer. Hmmm. . .

[@georgegipsongeorgegipson8266]

Ya because insurance stops paying out. That's not a solution.

[@BillyMartin68]

They voted for it. Bummer.

[@mlohorn]

screw people who want to live near the ocean, a view is NOT worth spending ALL your money on to be able to watch an ocean blow your house away

[@mike-uw6wt]

Yep. Too bad, so sad.

[@BunnyMan-ec4xg]

Yep. The beaches look better natural without houses on them anyway.

[@patrickm6012]

@@mlohornhow about tornado alley? How about any flood zone in any state.

[@victordasilva5255]

Broke ass leftists can leave. North Carolina is cheap

[@dustywilson5461]

At this point, florida is only fit for RVs and RV parks. There isn't much to ruin at an RV park, considering all of the shelters there have wheels and can roll on out before the hurricane blows in.

[@UncleDavesKitchen]

"storms we weren't expecting." That woman is such a liar.

[@fandam801]

If you choose to live in hurricane shooting range no storm should be “unexpected”.

[@ricardcluter4765]

What do you expect, when you live in a hurricane prone area?

[@valeriebillings7248]

Wow! 14%!?! Insurance has increased across all states. Thank goodness I’m not in FL . You have homeowners, auto and flood insurance

[@OllieCat7]

The whole title of your snippet, as well as anyone who thinks Florida is a "Paradise" needs their brain checked.

[@anniesshenanigans3815]

Life long resident. The rich insurance companies are sick that they have to actually pay claims in Florida. This includes Citizens. They ALL skated on high profits until they got SUED for denying legitimate claims. It's no longer something that benefits the homeowner.... it's a scam. Pay off your house and save your cash. Self insure and boycott ALL if them.

[@MS-ty8eq]

This is the only answer 👆

[@BTrain-is8ch]

Citizens is a government controlled not for profit insurance company... It's exactly what happens when people want magic solutions instead of market ones.

[@neilkurzman4907]

Citizens doesn’t make money. The rich insurance companies went bankrupt. And the bigger ones left the state because they’re losing money in your state if you think there’s so much money to be made start your own insurance company you can undercut everyone.

[@fandam801]

Yes this is the free market reacting to the current state of housing in America’s hurricane shooting range known as Florida.

[@half-breed]

Welcome to Florida magots, meatball ron is doing you right. Bend over and enjoy 😅

[@stephencullum8255]

My home is paid off and my family close by. I am retired and live in the Orlando area. If my home got destroyed in a storm or condemn for redevelopment I would sale and move out of state. Most likely south Georgia . The cost of living is out of control and has been for awhile. It is not just house insurance or car insurance which has also risen sharply.

[@Howiefaam31459]

Tiny violin for beachfront homeowners. You can’t have your cake and eat it too.

[@lindacollins903]

Not everyone in FL lives on the beach. I didn't

[@user-lf4ux7dm7g]

People here call Flori-duh the "Stink on the Brink." Don't worry, Puddin' Fingers will save you.

[@NK-xk9kj]

Nuisance and Cracked a Forinia is a cesspool compared to Florida. Much rather live in Florida than burn in Hell in the land of the fruits and nuts!

[@richardreger6026]

Get gays under control it b ok

[@ArabellaPottery]

Check you home mortgage balance especially if you've been paying 15 years or more. You are usually required to carry enough insurance to cover your mortgage. if your house is paid off. You don't have to carry insurance, but the cost to fix anything is on you. Just save up your premium's.

[@mastercraftsman4213]

No....insurance only offers full replacement cost policy's.... any other amount is not an option....paying it off and self insuring is the only way out

[@ArabellaPottery]

@@mastercraftsman4213 No they cover what you need not what they want. Insurance is required by the mortgage holder.. THE BANK. You can ask for less protection. If they say no go somewhere else. Or pay off your mortgage.

[@half-breed]

​@@ArabellaPotteryyeah there is no sense in having homeowner insurance in a hurricane flood area 😅 lol

[@ArabellaPottery]

@@half-breed You are finally right. Since most insurance companies go bankrupt after a flood and/or hurricane, the rest won't pay what it's true repair costs is. That's why the stupid moves in to florida and the wise move out.

[@Grow.YT.Views.639]

The visuals in this video are captivating.

[@DavidPerez-oj2dv]

BUILT HIGHER UP NOT ON THE GROUND I'VE NEVER SEEN HOMES BUILT ON THE GROUND TILL I MOVED HERE. IN MY COUNTRY HOUSES ARE BUILT 10 FEET OFF THE GROUND WE HAVE THE SAME WEATHER

[@JPabloRL]

I live in Ohio, and it’s also a rule here that houses have to be built up on a slope to prevent flooding. It baffles me that it’s not a standard in Florida.

[@bobcortez9471]

Our issue here is litigation. About 80% oh home owner litigation in the country is in Florida.

[@ltcmoose2001]

One of the problems in Florida is that the major home building companies employ a huge chunk of skilled home building tradesman labor. There is no one around to fix/repair strom damage. These subcontractors go back after the storm continuing with new builds and not repairing damage.. For the size of the state, the number of small independent home builder contractors is very small. They cannot handle the repair/rebuild work and thus the price goes through the roof after the storm.

[@francismarion6400]

I charge $150hr for repairs.

[@half-breed]

Yeah and meatball ron ran out immigrants who would work cheaply 😅

[@zeke5491]

No insurance company in the world could cover another major hurricane in expensive Florida

[@jannibal9273]

A few weeks ago, I saw a chart on one of the commentary programs that showed an ever-rising increase in billion dollars plus damaging hurricanes/storms over the past 15 years or so. The line of events and the cost in billions of dollars rose steadily over the years. Insurance costs are going up because the risk of severe damage and costs to be covered by losses is rising. Insurance corporations are in business to make a profit, not to break even or even lose money. At some point, insurers will leave certain areas because the cost to insure would be beyond reach for 90% or more of property owners as severe weather events continue to increase and cause more and more damage. Unfortunately for homeowners in the threatened areas, this isn't going to get any better, it will only get worse.

[@zeke5491]

@@jannibal9273 storms haven’t changed, people are building million dollar homes on every square inch of hurricane alley. Hurricanes used to hit swamp land in the old days

[@BunnyMan-ec4xg]

​@zeke5491 bingo. You said hit the nail on the head. Plus building on flood prone marsh lands and land with sinkholes.

[@MsLonegamr]

I paid my house off years ago and told the insurance companies to go screw themselves. I've been self-insured for 15 years and I pocketed it over a hundred thousand dollars in non-payment of Premium

[@Chedbenno]

Overdevelopment. Insurance rates are skyrocketing. Companies are leaving due to the high costs, and risks especially with hurricanes and flood damage. Yet Florida is still building 1000s of new homes all over the state🤔.

[@Mike-zk7rh]

just great, higher insurance prices just what we need

[@edwardsuarez-ri5dz]

If citizens goes up by 14% then other plans will go up by 50%

[@edwardsuarez-ri5dz]

What a bunch of nonsense. Raising prices so more will come? Joke

[@daveassanowicz186]

Help me, Rhonda. Help, help me, Rhonda

[@BTrain-is8ch]

So the government created an insurance company, set premiums at levels that didn't make sense relative to risk/outflows, encouraged people away from "expensive" market offerings simultaneously pushing those market insurers out of the state,, and now they have to raise rates to bring their risk profile back under control. Where have we heard that story before??? Oh that's right Social Security.

[@mastercraftsman4213]

You dont know what your talking about...citizens insurance is not available to you unless no company will insure you....and if a new company starts and will offer you a policy within like 15% you get cancelled by citizens....

[@BTrain-is8ch]

@@mastercraftsman4213 And what exactly does that have to do with my comment? Citizens wasn't created by and overseen by the state legislature? The state doesn't have a problem with market insurance companies abandoning the place? Citizens hasn't become the biggest insurer in the state? Citizens isn't underwriting policies at prices that don't make sense from a risk perspective?

[@chodkowski01]

When was the last time home owners called in a tradesman? Their fees went up 300%. Insurance companies are trying to keep up with repair costs.

[@CarlCrazy19]

Always Kansas

[@richardreger6026]

Lot land Kansas but u want services b ready 2 pay and travel

[@eharminc]

California Arizona Nevada and other states also giving hard time to homeowners! In here Florida next year probably 50% homeowners not going to do home insurance ..

[@kingjb82]

You think 50%own there home?... the bank owns most of them... they are required to protect the banks assets while they let you live there and maintain update it.😅

[@andyd5492]

It tough for Florida homeowners, but other parts of the country have been supporting FL insurance costs for decades.

[@mackjsm7105]

I know people are NOT paying. Banks are forcing their insurance.. but people are saying they will stop paying for their mortgage.. so banks are looking the other way. I stopped paying. My bank threw a insurance in my monthly payment. I deducted that from my monthly payment .. my bank is quiet. I am not paying for insurance. We all should do it.. I understand having insurance but GIVE ME A BREK.

[@markg999]

Gotta pay to play in Florida with all the hurricanes.

[@chadhollenbeck]

The insurance companies are paying more than they collect. Simple maths, rates go up.

[@MrGphilli34]

How will a rate hike make Florida MORE competitive? Isn’t the point of competition to drive down prices not bring in more companies because you raise rates?

[@neilkurzman4907]

Because citizens is cheaper than other insurance, so everyone is going there rather than going to the private companies. The private companies, of course, have left Florida. The risk is citizens, will be the only insurer in florida

[@Bradimoose]

I work for big insurance and the executive told us in our meeting "keep pushing rate in Florida, we haven't found the rate ceiling yet and they have nowhere else to go" thats corporate speak for you.

[@RosemaryKramer-rd8lg]

What a shame It reminds me of a John Grissom novel

[@canadiangirl5119]

Sold and moved two years ago and super content with my decision! Live in paradise then pay the price…

[@dpacheco7349]

People building in Florida complaining about the cost and risk are like people building in the desert complaining about the cost of water...

[@domfer2540]

Last year Florida pass a law that if citizen insurance was close to regular insurance, this will help insurance companies to raise their rates. If people leave due to the the expense, I am all for it. To many people taking advantage of the insurance companies.

[@patrickm6012]

Those poor insurance companies. Let us all cry tears for them😂

[@dennischristopher9952]

This guy works for the insurance company.

[@CZAR-OF-SARCAZM]

I'M STILL LOOKING FOR ""PET LIFE INSURANCE"" FOR MY NEIGHBORS DOG.😊

[@richardreger6026]

Don't start my wife got conned I to that shit lol

[@bigg1597]

Even stones will point them out in the end times.

[@johnx4181]

This is a Blackrock shakedown....follow the paper trail

[@neilkurzman4907]

Do you want people to follow something that you imagined in your head but didn’t bother to do yourself?

[@johnx4181]

@neilkurzman4907 See you did your research ...you're lazy...hmmm bet the lottery you are obese also? Let's start with the letter A....uhhh Allstate...try that one fatso...simple Google search....I'll wait

[@johnx4181]

@neilkurzman4907 Wow less than 1 min for my fact based response to be taken down. Prove me wrong troll

[@2023Red]

It is hard for us to know insurance plus any special assessments in Florida. We are seniors considering Florida now. We can both finance and also cash buy. It seems having no insurance might be a better choice as most claims are minor given the home purchased was fully inspected to be in excellent condition at time of sale. Does that make sense though?

[@half-breed]

Umm no, unless you are ok losing your investment

[@radvalve205]

The U.S way, greed greed greed

[@richardreger6026]

Gordon Gecko 4 President

[@marjoriepoppen3484]

Lol, yah like u really Help.

[@regtowers4914]

Asking rich people 😂try the average wage owner hit with higher mortgage

[@skullandbones1832]

💚

[@pepperwatson7784]

Insurance companies aren’t leaving the state they’re just not covering homes anymore you know the possibility of having to do a payout

[@neilkurzman4907]

Yes, that’s what leaving. The state is not writing any more policies.

[@henryquezada1893]

Corruption

[@victordasilva5255]

I stopped carrying it . More money for eggs and gas …thanks Joe!

[@patriciajellison4343]

Joe has nothing to do with Florida insurance rates. It's corporate greed. Every year the rates go up because the insurance asks and gets new rates approved. Our governor isn't helping either, just word salad.

[@victordasilva5255]

@@patriciajellison4343 ok Karen. You know it all, at least you think you do. I hear California is nice, I bet you like their governor….what are you waiting for?

[@patriciajellison4343]

@victordasilva5255 I live in Florida, do you? I'm the farthest from a Karen you can get. No fan of California either.

[@vallejoborncalihasbecomeal9022]

Bidenomics!

[@user-lf4ux7dm7g]

You should really consider getting your GED.

[@vallejoborncalihasbecomeal9022]

@@user-lf4ux7dm7g You should consider getting a refund on your worthless and expensive college degree, simpleton!

[@StLbfdup]

Someone was triggers. Safe spaces 😂

[@neilkurzman4907]

You mean DeSantos economics

[@toomanymarketers]

This state is horrible. Been here a week and I want to go back to the slums of NYC as fast as possible

[@mackjsm7105]

Yeah go back ID10T

[@marknewton6984]

Snow. 😮

[@RobertGray-wf6py]

If you can’t afford it move! 😅😅😅😅

[@bobdowns6973]

ALWAYS THE SAME GROUP OF PEOPLE 🤔! IT'S NOT HAMMAS IS IT!