Quote:
Originally Posted by Rainger99
What do people who live in homes built before 2010 pay for insurance?
Have you replaced the roof?
Was it difficult to get insurance?
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2004 "Lantana". Roof replaced in 2018. Concrete block home built to 110mph wind storm standard, 60 miles from the nearest 110mph wind storm. $1724/yr
The year I bought it, the insurance was $600. It doubled every year until I switched to State Farm, who cut it in half. Now it's merely absurd every year, instead of absurd on a exponential scale.
To truly understand the absurdity of Florida insurance, here is a comparison. My frame house in Houston, the same size and 10 years older, with an 18 year old roof, and the same 60 miles from the coast, but not built to any hurricane standard whatsoever -- only cost $1200/year to insure with USAA. It survived three cat 5 hurricanes during the 20 years I lived in Houston, all of which were cat 1 or less by the time they got to my house. No damage whatsoever. And yet Allstate dropped me after insuring my homes for 40 years, when it pulled out of Texas altogether. And still, I paid 30% less in Houston.