I have been in the insurance adjusting business for 40 years. What you are saying is correct. Insurance fraud is rampant especially where we now live in South Florida. Still working on claims for Hurricane Irma. Lawyers/Public adjusters are pursuing claims alleging that windows in buildings need to be replaced in buildings were damaged where in the wind GUSTS were 60 MPH+/- . We found 3-4 pieces of glass which were actually damaged in a condo complex consisting of over 200 condos.
For a frame home in South Florida and insured for $300,000 we pay $4,000 a year. Concrete block home would have cost us approximately $3000. That takes into consideration that we needed to have storm shutters or impact resistant glass(we paid $30,000 for impact resistant glass) and in the villages we are paying <$1500 a year.
If these trends continue insurance rates will continue to rise much higher than the cost of living increases.
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