Quote:
Originally Posted by justjim
Residents from coastal areas are evacuated to Central Florida areas when there is a hurricane threat. Private insurance companies have decided (and it makes sense) that coastal areas of Florida and other States are high risk areas.
I was in TV when the tornado hit---we were living in a villa in Caroline at the time. Two blocks away from our villa---- homes were completely destroyed. It was a miracle nobody in TV was killed but Lady Lake wasn't as fortunate. A tornado of the magnitude of this one in Florida is highly unusual but a tornado can happen most any place.
Florida has dodged the hurricane bullet many times and hit a few times. Experts believe it could happen anytime----a direct hit on the coastal areas of Central Florida. If it does happen, I don't know about you, but I prefer to be and my property to be, a few miles away from the coast.
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You are correct that private insurance companies have decided that coastal areas of Florida are high risk areas. That is why they all pulled out. That is why Citizens Insurance was formed to be the insurer of last resort for people that lost their coverage.
How does the rate that people pay for Citizens in coastal counties effect the rate you pay in central Florida?
You were very lucky during the tornado. My villa neighborhood in Poinciana was totally devastated.