Quote:
Originally Posted by Blueblaze
Well, there seems to be one company bright enough to make some money on the Florida insurance debacle.
When I switched to State Farm this year, I was able to double my liability coverage on my home and vehicles, and add a million dollar umbrella policy on my rental (even though they don't even directly insure seasonal rentals), for less than I was paying with USAA.
I asked the agent how they are able to do this when everyone else is pulling out, from all those freakish Florida hurricanes that never happened before, and he told me it was because State Farm has never offered coverage in high-risk coastal areas, and they only sell insurance to people with excellent insurance histories, who don't steal roofs.
Doh! Why didn't anyone else think of that? I guess someone at State Farm must own a map, and discovered that The Villages is 80 miles from the ocean and not a suburb of Tampa!
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Tornado 2007 The Villages.This picture does not show the hundreds of vehicles that were demolished. I helped with the clean up effort and the rebuilding of homes. It can happen again, at anytime. The Villages is in a prime corridor.
Also, there have been plenty of homes that have been destroyed by lightening strikes and sink holes. No matter how strong you build homes, Mother Nature can rip them to shreds. The Villages has seen her wrath.