Quote:
Originally Posted by kkingston57
People who live on the coast pay 3-4 X more than people who live in TV. We lived in Palm Beach County and 3 years ago our premium on a 300K home was $4600. ouse was 3 miles from the ocean. In order to get that price, we needed to install hurricane shutters(10K) or impact glass windows and doors (24K) Suspect that it is now over 6K and our premium for a similar quality home in TV is $1200 and we do not need the shutters or impact glass windows.
|
So you only paid twice the Villages rate to accept 10 times the risk. That's exactly what I'm talking about.
I live in a concrete house with metal studs, 110 mph wind-storm-rated windows, and a 110mph-rated roof, 80 miles from the coast, and far from any flood plain. Why should my rate be any higher than the frame house in tornado-alley Tulsa where I raised my kids? I once literally had half my roof removed by a tornado, but I never paid over $800 to insure that house. My current house is built like a fortress but costs more than twice as much to insure, just because hurricanes threaten places WHERE I DON'T LIVE, in the same state .