[OhioBuckeye]

Wisbad1, I agree, why people write such long comments. I never read because by the time I get half way through their comment I’m confused. I’m not trying to start an argument. But long comments get into to much detail!

[Blueblaze]

We pay ridiculous rates in the Villages because insurers are allowed to use those of us who live 80 miles from the nearest hurricane storm surge to subsidize the rates for people who insist on living on an island in Tampa.

If you drive a Toyota, you don't pay Corvette insurance rates. But buy a house in the Villages, and you're stuck buying fake insurance from a no-name Florida company, just to get the same rate they're charging some idiot living in a beach house at sea level.

Write your Congressman and demand that people who live on the beach pay for their own damned hurricane risks and leave us alone!

[kkingston57]

Originally Posted by Blueblaze

We pay ridiculous rates in the Villages because insurers are allowed to use those of us who live 80 miles from the nearest hurricane storm surge to subsidize the rates for people who insist on living on an island in Tampa.

If you drive a Toyota, you don't pay Corvette insurance rates. But buy a house in the Villages, and you're stuck buying fake insurance from a no-name Florida company, just to get the same rate they're charging some idiot living in a beach house at sea level.

Write your Congressman and demand that people who live on the beach pay for their own damned hurricane risks and leave us alone!

People who live on the coast pay 3-4 X more than people who live in TV. We lived in Palm Beach County and 3 years ago our premium on a 300K home was $4600. ouse was 3 miles from the ocean. In order to get that price, we needed to install hurricane shutters(10K) or impact glass windows and doors (24K) Suspect that it is now over 6K and our premium for a similar quality home in TV is $1200 and we do not need the shutters or impact glass windows.

[Blueblaze]

Originally Posted by kkingston57

People who live on the coast pay 3-4 X more than people who live in TV. We lived in Palm Beach County and 3 years ago our premium on a 300K home was $4600. ouse was 3 miles from the ocean. In order to get that price, we needed to install hurricane shutters(10K) or impact glass windows and doors (24K) Suspect that it is now over 6K and our premium for a similar quality home in TV is $1200 and we do not need the shutters or impact glass windows.

So you only paid twice the Villages rate to accept 10 times the risk. That's exactly what I'm talking about.

I live in a concrete house with metal studs, 110 mph wind-storm-rated windows, and a 110mph-rated roof, 80 miles from the coast, and far from any flood plain. Why should my rate be any higher than the frame house in tornado-alley Tulsa where I raised my kids? I once literally had half my roof removed by a tornado, but I never paid over $800 to insure that house. My current house is built like a fortress but costs more than twice as much to insure, just because hurricanes threaten places WHERE I DON'T LIVE, in the same state .

[Pairadocs]

Originally Posted by CoachKandSportsguy

That's when one becomes an enabler of corporate fraud, and it sucks when that's your job/trade. Yeah, i tried to turn in a person at work for ethics violation, outright lying, and although I didn't go formal channels, I told enough people and he finally left. . . but one person is way different than a whole industry and blatant, outright fraud.

And the whole industry is corrupt, and that is a whole bigger issue, impacting all of Florida and the mortgage industry, and the housing industry, and its better for the insurance company to go bankrupt than play us for fools. .

same with health care insurance with UHC, same behaviors with their internal medical reviews. . .

Inside UnitedHealth’s Effort to Deny Coverage for a Patient’s Care — ProPublica

so you love UHC stock price and believe in corporatism, or you believe in consumer rights and fairness and lack of fraud for people/corporations standing behind their products . . . one side or the other. . .

and yeah, the future is uncertain, always was and always will be, so one never knows when and where the next disaster will be, so insurance here along the coast should be expensive. . and florida should be expensive relatively speaking as the risk is not linear like the rest of the country, and healthcare insurance should NOT have a huge profit motive either. . or a near monopoly status and not be held to a higher standard with record profits and bonuses for deny coverages to maintain profit growth

I fear we have created, or stood back and said nothing as they were created before our very eyes, not a house of cards, but MANY HOUSES OF CARDS in our country; banking, insurance, medicine, even a crumbing justice system.... not looking good !

[CoachKandSportsguy]

Originally Posted by Pairadocs

I fear we have created, or stood back and said nothing as they were created before our very eyes, not a house of cards, but MANY HOUSES OF CARDS in our country; banking, insurance, medicine, even a crumbing justice system.... not looking good !

all corporations are systems of three legged stools of customers, employees, owners
all three in balance and life is great!

but one at the expense of the others makes the corp system more tippy, more fragile,
and mgmt always touts owners priority (who they work for) at the expense of the other two. .
now define winning for a corporation , and its the last corp standing in any industry. . ie, the monopoly

and since history rhymes, and memories of the monopolies in history in real life, our parents and grandparents, have long passed on, the lessons are forgotten without proper historical studies, the longer cycle repeats due to human biases. . .

so we are closer to a big accident in both world wars, economic upsets/stagnations / and human suffering after an impressive 40 years of peace and prosperity, but forgotten dark periods. The future of the US rhymes with Europe's, as we have a similar political and economic systems.

[bimmertl]

Originally Posted by CoachKandSportsguy

all corporations are systems of three legged stools of customers, employees, owners
all three in balance and life is great!

but one at the expense of the others makes the corp system more tippy, more fragile,
and mgmt always touts owners priority (who they work for) at the expense of the other two. .
now define winning for a corporation , and its the last corp standing in any industry. . ie, the monopoly

and since history rhymes, and memories of the monopolies in history in real life, our parents and grandparents, have long passed on, the lessons are forgotten without proper historical studies, the longer cycle repeats due to human biases. . .

so we are closer to a big accident in both world wars, economic upsets/stagnations / and human suffering after an impressive 40 years of peace and prosperity, but forgotten dark periods. The future of the US rhymes with Europe's, as we have a similar political and economic systems.

That really clarified the Florida HO issue.

[CoachKandSportsguy]

Originally Posted by bimmertl

That really clarified the Florida HO issue.

and this isn't a google question and how to answer forum,

[kkingston57]

Originally Posted by Blueblaze

So you only paid twice the Villages rate to accept 10 times the risk. That's exactly what I'm talking about.

I live in a concrete house with metal studs, 110 mph wind-storm-rated windows, and a 110mph-rated roof, 80 miles from the coast, and far from any flood plain. Why should my rate be any higher than the frame house in tornado-alley Tulsa where I raised my kids? I once literally had half my roof removed by a tornado, but I never paid over $800 to insure that house. My current house is built like a fortress but costs more than twice as much to insure, just because hurricanes threaten places WHERE I DON'T LIVE, in the same state .

If I were you and did not have a mortgage, I would go without wind coverage. Per your description chances of getting damages by a windstorm are very low. However there was a tornadic out break out about 10 years ago that caused heavy damages near Mallory Hills County Club.

[Flyers999]

Originally Posted by kkingston57

If I were you and did not have a mortgage, I would go without wind coverage. Per your description chances of getting damages by a windstorm are very low. However there was a tornadic out break out about 10 years ago that caused heavy damages near Mallory Hills County Club.

Certainly is tempting. I would need to know the exact odds.
The chances of hurricane force winds hitting TV that would cause catastrophic damage to your home is very low, I believe. The chances of tornado damage, I would think, is even lower since there are only around 60 tornados that hit Florida every year (according to the google).
The danger mostly is time IMO. The longer you gamble l, the more likely you are to get burned.
The cost of home insurance, without wind damage, is still reasonable. What if I decided to skip wind damage insurance for three years? Them may be by that time insurance would come down.