Talk of The Villages Florida - View Single Post - Increase in home owners insurance
View Single Post
 
Old 11-30-2012, 05:32 PM
janmcn janmcn is offline
Sage
Join Date: Oct 2011
Posts: 5,298
Thanks: 0
Thanked 2 Times in 2 Posts
Post

Quote:
Originally Posted by rubicon View Post
I had two $1,000 increases back to back and never had a claim. In addition had to buy back full sink hole coverage for $200. You can thank Rick Scott because he wanted financial pressure taken off Citizens Property.
You are correct that Gov Scott wants people moved out of the state run Citizens Insurance, the largest insurer in Florida, but how does raising rates on others accomplish that goal? Citizens is only available to people that have no other options, and their rates are regulated by the state, as opposed to other companies that can charge whatever they want.