Talk of The Villages Florida - View Single Post - More evidence that Florida’s home insurance system is completely broken?
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Old 03-19-2023, 05:14 PM
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Quote:
Originally Posted by kkingston57 View Post
If I were you and did not have a mortgage, I would go without wind coverage. Per your description chances of getting damages by a windstorm are very low. However there was a tornadic out break out about 10 years ago that caused heavy damages near Mallory Hills County Club.
Certainly is tempting. I would need to know the exact odds.
The chances of hurricane force winds hitting TV that would cause catastrophic damage to your home is very low, I believe. The chances of tornado damage, I would think, is even lower since there are only around 60 tornados that hit Florida every year (according to the google).
The danger mostly is time IMO. The longer you gamble l, the more likely you are to get burned.
The cost of home insurance, without wind damage, is still reasonable. What if I decided to skip wind damage insurance for three years? Them may be by that time insurance would come down.