Talk of The Villages Florida - View Single Post - Catching up on Insurance news around the country
View Single Post
 
Old 05-29-2023, 09:28 AM
CoachKandSportsguy CoachKandSportsguy is offline
Sage
Join Date: Jan 2019
Location: Marsh Bend
Posts: 3,713
Thanks: 653
Thanked 2,705 Times in 1,319 Posts
Default

Quote:
Originally Posted by mrf0151 View Post
Insurance rates by state 2023. Florida is not the highest.
Homeowners Insurance Rates by State for 2023 | Bankrate
But its in the top 10 as a percentage of income, mostly due to the retirees income, making it expensive for retirees.

Also, with the cost at $1,981/1,428 or 39% more expensive than the average home nationwide, this might offset all the savings from no state income taxes.

Also, in round numbers, at $2,000 state avg per $250K, with house prices increasing for labor and materials, one can easily see a $3,000 to $4,000 annual cost as an expected future average rate in TV homes.

Also with ALL the local labor employed by the villages constructing new homes,, there is very little left over for the reconstruction trades if you have to rebuild a complete house at the same cost as a new construction. . I would takes the insurance money, raze the remains, sell the lot, and buy a new house. .

good luck to us. .

40 days until former finance guy