FLORIDA INSURANCE HOME PREMIUMS DOUBLE THE U.S. AVERAGE, TOPS IN COUNTRY
Sorry to beat a dead horse here but you know this is one of my hot buttons, insurance. I just couldn’t resist this one and I think the more attention it gets the better chance it has to get changed. Despite not experiencing a hurricane in over 10 years, the average home premium to insure a house in Florida topped $2,000 for the first time. It is almost twice the national average and completely unjustified. And over time we are getting ever less insurance for the higher prices. What really troubles me is that the rising water levels have not yet become a factor, because when they do it will also cause premiums to rise. So now is the time we need to see rates come down and our leaders are the ones responsible for this. Sadly, the insurance lobbists are very friendly with our governor and that is a big problem for residents. It is an unavoidable polical reality in the U.S. that large companies and interests buy influence with polical leaders. They give the hopeful leaders funding to help them get elected and when they are they are expected to pay their benefactors back with favorable rulings and treatment. Until the voters put an end to this it will continue unabated. At least the flood maps are being redrawn which will provide relief to some, but that is not the long term solution here. One thing is for sure, this can only get better because it can’t get any worse. As always thanks for reading and have a great day.
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