Quote:
Originally Posted by janmcn
When the going gets rough, the insurance companies get going. All insurance companies have pulled out of the coastal counties. Friends of mine that live in Pinellas County that had insurance with Nationwide for 35-40 all got dropped about five years ago. This is why the state run Citizens Insurance is the largest insurance company in Florida. There is no other insurance available in many counties.
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That's my concern. I can understand paying more for a higher risk, but not to be able to get it, that's very risky. From what I understand, if your interior suffered damage, cracking, unusual settling, etc., you could loose your investment without coverage, or pay a fortune out of pocket to repair. I do understand catastrophic coverage, which is covered, but sinkhole damage could prove to be more expensive without coverage.
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Baltimore Md 42 years, Currently Pa
