Quote:
Originally Posted by rubicon
I suspect a number of insurance companies are going to want to bail out of Florida. Indeed many insurance companies have never wanted to underwrite in this state.
Be prepared for your Homeowner rates to go way up. Rick Scott open the door to the insurance industry which created much of the premium increases already incurred by Homeowners.
What will the state do if Irma does her worst? will the stat continue to permit Mc Mansions along the coast line? If so we will all share in the premium increases ?
However, the first priority is to be safe, then deal with the aftermath. How well will your insurance company treat you and more importantly how quickly will the respond? an event like this separates the wheat ( good companies from the shaft ( bad insurance companies)?
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if you think that the insurance companies will make a ton of money on rate increases, I assume you bought stock in some of those companies to offset your increasing costs?