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Old 08-09-2023, 07:15 AM
 
Location: SW Florida
14,928 posts, read 12,126,747 times
Reputation: 24777

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Quote:
Originally Posted by gatorlyn View Post
Hearing these insurance premium hikes make me think of my neighbors when I used to live beachside. A bunch were seniors who purchased their homes back in the 60s and are never going to move. For the most part their homes had remained unchanged. I think they are all just “self-insuring” somehow instead of paying these outrageous premiums.
It may also be that they can't get homeowner's insurance for those homes, if they're that old ( say, built in the 1940's, 1950's) and don't have the updates to bring them up to windstorm mitigation codes, or are considered fire hazards. I know of a number of people ( not all on the coast, or even located in Florida) who can't get homeowner's insurance due to the age and structure of their homes.
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Old 08-09-2023, 07:33 AM
 
68 posts, read 36,023 times
Reputation: 99
Quote:
Originally Posted by sinatras View Post
Yep. And they will be first in line asking for govt handouts when a Cat 5 hits. And then we will ALL be paying for their lack of insurance in the way of higher premiums and govt-mandated assessments.
yeah and then then they will rebuild on the same beach once they get that handout.
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Old 08-09-2023, 08:01 AM
 
Location: South Tampa, Maui, Paris
4,474 posts, read 3,842,069 times
Reputation: 5323
Quote:
Originally Posted by jayson belew View Post
yeah and then then they will rebuild on the same beach once they get that handout.
yep!!!!!
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Old 08-09-2023, 09:19 AM
 
68 posts, read 36,023 times
Reputation: 99
Quote:
Originally Posted by sinatras View Post
yep!!!!!
And the saddest part: Florida will allow them re-build in the same spot.
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Old 08-09-2023, 10:31 AM
 
68 posts, read 36,023 times
Reputation: 99
Quote:
Originally Posted by LKJ1988 View Post
Go bare blare and live on easy street pete.
What do they do if they have massive damage from a storm and they are bare? Ask the public for handouts?

What if they have a mortgage like most people and they aren't allowed to go bare?
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Old 08-09-2023, 10:58 AM
 
Location: South Tampa, Maui, Paris
4,474 posts, read 3,842,069 times
Reputation: 5323
Quote:
Originally Posted by Jayson Belew View Post
What do they do if they have massive damage from a storm and they are bare? Ask the public for handouts?

What if they have a mortgage like most people and they aren't allowed to go bare?


Where there's no insurance company left that is willing to insure homes in Fla, how will people get mortgages????????????
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Old 08-09-2023, 11:16 AM
 
68 posts, read 36,023 times
Reputation: 99
Quote:
Originally Posted by sinatras View Post
Where there's no insurance company left that is willing to insure homes in Fla, how will people get mortgages????????????
I have no idea. You make a good point though.
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Old 08-09-2023, 05:03 PM
 
30,395 posts, read 21,215,773 times
Reputation: 11957
Quote:
Originally Posted by Jayson Belew View Post
What do they do if they have massive damage from a storm and they are bare? Ask the public for handouts?

What if they have a mortgage like most people and they aren't allowed to go bare?
Move where i am and a twig will never blow off a tree. Never a cane yet were i live.
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Old 08-09-2023, 08:33 PM
 
68 posts, read 36,023 times
Reputation: 99
Quote:
Originally Posted by LKJ1988 View Post
Move where i am and a twig will never blow off a tree. Never a cane yet were i live.
Where are you at? On the funny farm where life is beautiful all the time?
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Old 08-09-2023, 08:51 PM
 
Location: Florida
2,327 posts, read 2,276,900 times
Reputation: 3592
Quote:
Originally Posted by Jayson Belew View Post
Where are you at? On the funny farm where life is beautiful all the time?
Perfect description of West Pasco.
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