Your probably right but they are raising prices drastically in response to their payouts.

Insurance rates by state 2023. Florida is not the highest.
https://www.bing.com/ck/a?!&&p=c7e03...dGF0ZXMv&ntb=1

Looks like "Tornado Alley" is much more expensive.

But its in the top 10 as a percentage of income, mostly due to the retirees income, making it expensive for retirees.

Also, with the cost at $1,981/1,428 or 39% more expensive than the average home nationwide, this might offset all the savings from no state income taxes.

Also, in round numbers, at $2,000 state avg per $250K, with house prices increasing for labor and materials, one can easily see a $3,000 to $4,000 annual cost as an expected future average rate in TV homes.

Also with ALL the local labor employed by the villages constructing new homes,, there is very little left over for the reconstruction trades if you have to rebuild a complete house at the same cost as a new construction. . I would takes the insurance money, raze the remains, sell the lot, and buy a new house. .

good luck to us. .

40 days until former finance guy

Cost of living
 

The average middle class resident can no longer live on the Coast because of the cost of insurance and the HOA fees required by new FLorida HOA regulations. I believe Central Florida residents (including Villagers) are beginning to feel that increased insurance costs and higher interest rates are starting to affect real estate values here in The Villages too.