Quote:
Originally Posted by PompeyKing
Yesterday I received a phone call from my SF agent telling me that my homeowner insurance will be canceled effective 5/21/24 unless I can prove that my 2015 built home meets the Florida building code of 2020.
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https://www.floridabuilding.org/fbc/...52820Final.pdf
Here are the changes for which your home probably doesn't comply.
As far as you being caught offsides by housing insurance, its happening everywhere in the US in the high risk areas, as the inflationary cost and values of houses have not caught up with the insurance rates, and insurance companies need to limit their risk of loss using legal means as the state regulator only allows a proportion of the cost increases to be passed to the customers.
sounds like a change of insurance companies is needed quickly and then followed up with a new roof in the next year or so. .
everyone is in the same boat, just at different rates by different insurance companies.
wish us all luck