Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#46
|
||
|
||
Quote:
|
|
#47
|
At our last renewal, we got an email and a letter asking if we wanted to change or drop the Hurricane part of our policy. Savings $689, policy would drop to $429 premium.
Still waiting for what would be covered if we went that route. So sort of self insured, but no mortgage company would allow that clause to be deleted. |
#48
|
||
|
||
First of all the one tornado incident that people refer to probably effected less than 1% of the villages homes. If some catastrophic event took out 5,000 homes we probably wouldn't be around to worry about rebuilding.
|
#49
|
||
|
||
5000 homes? Potential pool of people who might want to self insured probably closer to 50K. Some of these newer Florida start up insurance companies have that many policies
|
#50
|
||
|
||
Developers are great biz people. Part of the reason is that they stick to their expertise, land development and home sales. Insurance is a different animal. Good long term insurance returns are in the 5% range and comes with a lot of risk.
|
#51
|
||
|
||
Quote:
|
#52
|
||
|
||
I was in the adjusting biz for 40 years and most of the threads here do make sense( good or bad). Ideas could be explored but like all else, big businesses will win out.
|
#53
|
||
|
||
Exactly
|
Reply |
|
|