Talk of The Villages Florida - View Single Post - Getting advice on reducing homeowners insurance premiums via The Villages Insurance.
Thread: Getting advice on reducing homeowners insurance premiums via The Villages Insurance.
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Old 03-26-2023, 08:58 AM
kkingston57 kkingston57 is offline
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Originally Posted by OhioBuckeye View Post
You know if you’re watching any news broadcast our Ins. rate will be going up again next yr. because Pennsylvania & Mississippi just had a explosion & really bad weather. Now who do we think will be the ones paying for it, the ones that have the claims, well yea about 1/4 to 1/2 of it & the rest will be the one buying Ins. Why do we think the Ins. companies never go broke. It doesn’t take a Rocket Scientist to figure that out. Otherwise why do Ins. rates go up?
Might want to check and see how many Florida based insurance companies went bankrupt in last several years. More than likely they went under since they did not SPREAD the risk. This is a big part of the problem. Nationwide(not the company) do not want to do biz in Florida.