Comments on: Florida Homeowner Insurance : Rapidly Rising Rates http://notmadeofmoney.com/blog/2006/10/florida-homeowner-insurance-rapidly-rising-rates.html Save Money - A Personal Finance Blog By A Husband And Wife Fri, 21 Nov 2008 18:48:58 +0000 http://wordpress.org/?v=2.6 By: Andy Bryant http://notmadeofmoney.com/blog/2006/10/florida-homeowner-insurance-rapidly-rising-rates.html#comment-165109 Andy Bryant Thu, 30 Oct 2008 04:38:38 +0000 http://notmadeofmoney.com/blog/2006/10/florida-homeowner-insurance-rapidly-rising-rates.html#comment-165109 Fast forward to today and the Florida homeowners insurance crisis is alive and well with State Farm Florida now trying to move forward with a massive rate increase on Florida homeowners insurance. I wanted to pass along information that helped me find affordable Florida homeowners insurance after I lost my homeowners insurance Florida with State Farm: http://www.homeinsurancebuyers.org There is also some excellent information here about the mess still brewing at Citizens Insurance: http://www.homeinsurancebuyers.org/FindingPrivateInsurance Thanks for the great work on your blog and for sharing this information to help other Floridians. Fast forward to today and the Florida homeowners insurance crisis is alive and well with State Farm Florida now trying to move forward with a massive rate increase on Florida homeowners insurance.

I wanted to pass along information that helped me find affordable Florida homeowners insurance after I lost my homeowners insurance Florida with State Farm:

http://www.homeinsurancebuyers.org

There is also some excellent information here about the mess still brewing at Citizens Insurance:

http://www.homeinsurancebuyers.org/FindingPrivateInsurance

Thanks for the great work on your blog and for sharing this information to help other Floridians.

]]> By: Nathan http://notmadeofmoney.com/blog/2006/10/florida-homeowner-insurance-rapidly-rising-rates.html#comment-103437 Nathan Fri, 11 Apr 2008 03:45:32 +0000 http://notmadeofmoney.com/blog/2006/10/florida-homeowner-insurance-rapidly-rising-rates.html#comment-103437 I'm in South Florida--recently had a Wind Mitigation Inspection done by a professional inspector (not one of the state-funded guys with an hour of training) and saved over $2,400 on my insurance premium. If anyone wants info I'd be more than happy to share. Also know a good insurance agent in the area that I've used for my last two homes. I’m in South Florida–recently had a Wind Mitigation Inspection done by a professional inspector (not one of the state-funded guys with an hour of training) and saved over $2,400 on my insurance premium. If anyone wants info I’d be more than happy to share. Also know a good insurance agent in the area that I’ve used for my last two homes.

]]> By: Not Made Of Money » Homeowner Insurance - Florida Rates - Not A Lot Of Options http://notmadeofmoney.com/blog/2006/10/florida-homeowner-insurance-rapidly-rising-rates.html#comment-55417 Not Made Of Money » Homeowner Insurance - Florida Rates - Not A Lot Of Options Sun, 18 Nov 2007 10:59:46 +0000 http://notmadeofmoney.com/blog/2006/10/florida-homeowner-insurance-rapidly-rising-rates.html#comment-55417 [...] written extensively about the homeowner’s insurance problem here in Florida.  Our insurance is due for renewal soon, and we’ve been getting price quotes [...] [...] written extensively about the homeowner’s insurance problem here in Florida.  Our insurance is due for renewal soon, and we’ve been getting price quotes [...]

]]> By: Not Made Of Money : Florida Property Tax Woes - Town Hall Meetings Scheduled http://notmadeofmoney.com/blog/2006/10/florida-homeowner-insurance-rapidly-rising-rates.html#comment-2722 Not Made Of Money : Florida Property Tax Woes - Town Hall Meetings Scheduled Tue, 09 Jan 2007 18:31:47 +0000 http://notmadeofmoney.com/blog/2006/10/florida-homeowner-insurance-rapidly-rising-rates.html#comment-2722 [...] I’ve written in the past about the Florida homeowners insurance problems, and now another financial issue facing homeowners is going to be addressed.  Florida legislators have announced that they will conduct a series of Town Hall meetings to hear ideas on the current property tax problems.  [...] [...] I’ve written in the past about the Florida homeowners insurance problems, and now another financial issue facing homeowners is going to be addressed.  Florida legislators have announced that they will conduct a series of Town Hall meetings to hear ideas on the current property tax problems.  [...]

]]> By: Not Made Of Money : Paid The Homeowner Insurance http://notmadeofmoney.com/blog/2006/10/florida-homeowner-insurance-rapidly-rising-rates.html#comment-601 Not Made Of Money : Paid The Homeowner Insurance Tue, 12 Dec 2006 11:34:54 +0000 http://notmadeofmoney.com/blog/2006/10/florida-homeowner-insurance-rapidly-rising-rates.html#comment-601 [...] We paid the homeowner insurance bill.  I’ve written a lot about the increase in homeowner insurance rates for those who live in Florida.  A special legislative session is scheduled in January in an attempt to find some solutions.  This insurance crisis is pitting Floridians against each other; those in South Florida and coastal areas are wanting to decrease their insurance premiums by spreading the costs to all Floridians.  We do not live in South Florida or a coastal area, but we did have to pay a $20 fee (tax) to Citizen’s Insurance which was included in our homeowner insurance bill.  However, if some would have their way, we will be paying a lot bigger fee next year to Citizen’s.  In fact, there is a move by some to have the homeowner insurance costs subsidized at the federal level, meaning that all US homeowners will help to defray the costs.  Looks like there are going to be some really nasty fights coming up in January.  People that would advocate making the “State of Florida” provide the insurance need to remember where the State of Florida gets its money.  The money comes from the citizens of the State through taxes and if the State of Florida has to provide the insurance, then the taxes are going to rise throughout the State to cover the costs.  If you live in the State of Florida, you are going to be paying one way or another.  Bookmark to: [...] [...] We paid the homeowner insurance bill.  I’ve written a lot about the increase in homeowner insurance rates for those who live in Florida.  A special legislative session is scheduled in January in an attempt to find some solutions.  This insurance crisis is pitting Floridians against each other; those in South Florida and coastal areas are wanting to decrease their insurance premiums by spreading the costs to all Floridians.  We do not live in South Florida or a coastal area, but we did have to pay a $20 fee (tax) to Citizen’s Insurance which was included in our homeowner insurance bill.  However, if some would have their way, we will be paying a lot bigger fee next year to Citizen’s.  In fact, there is a move by some to have the homeowner insurance costs subsidized at the federal level, meaning that all US homeowners will help to defray the costs.  Looks like there are going to be some really nasty fights coming up in January.  People that would advocate making the “State of Florida” provide the insurance need to remember where the State of Florida gets its money.  The money comes from the citizens of the State through taxes and if the State of Florida has to provide the insurance, then the taxes are going to rise throughout the State to cover the costs.  If you live in the State of Florida, you are going to be paying one way or another.  Bookmark to: [...]

]]> By: Not Made Of Money : Central Florida Real Estate :: Not Moving As Quickly http://notmadeofmoney.com/blog/2006/10/florida-homeowner-insurance-rapidly-rising-rates.html#comment-11 Not Made Of Money : Central Florida Real Estate :: Not Moving As Quickly Sat, 21 Oct 2006 16:04:40 +0000 http://notmadeofmoney.com/blog/2006/10/florida-homeowner-insurance-rapidly-rising-rates.html#comment-11 [...] I’ve been writing lately about the homeowners insurance rates in Florida.  We watch the home sales in our neighborhood, and things have definitely slowed down.  Houses are still moving, albeit not nearly as fast as they used to be.  We also see a lot of the “Assist To Sell” signs, with more homeowners trying to save some money.  Today The Housing Bubble blog mentions an Orlando Sentinel article that states, “there is a lot of real estate out there in Orlando.”  There is definitely a surplus of homes in our neighborhood.  Bookmark to: [...] [...] I’ve been writing lately about the homeowners insurance rates in Florida.  We watch the home sales in our neighborhood, and things have definitely slowed down.  Houses are still moving, albeit not nearly as fast as they used to be.  We also see a lot of the “Assist To Sell” signs, with more homeowners trying to save some money.  Today The Housing Bubble blog mentions an Orlando Sentinel article that states, “there is a lot of real estate out there in Orlando.”  There is definitely a surplus of homes in our neighborhood.  Bookmark to: [...]

]]> By: Not Made Of Money: » Can You Afford A Florida Condo? http://notmadeofmoney.com/blog/2006/10/florida-homeowner-insurance-rapidly-rising-rates.html#comment-9 Not Made Of Money: » Can You Afford A Florida Condo? Thu, 19 Oct 2006 10:15:25 +0000 http://notmadeofmoney.com/blog/2006/10/florida-homeowner-insurance-rapidly-rising-rates.html#comment-9 [...] Yesterday, I was writing about the homeowners insurance crisis here in Florida.  Well another issue that is not getting too much media attention is that homeowners associations fees are also rising rapidly.  The vast majority of condos in Florida belong to an “association” which provides the community features and benefits of a pool, clubhouse, common ground areas and maintenance, etc.  These association fees are paid either on a monthly or annual basis and can be quite substantial depending upon the amenities being offered.  The rates are rising (and in some cases rapidly) because of hurricane damage in the past couple of years combined with the increased property insurance costs.  If you don’t pay your fees, a lien can be placed on your condo by the association.  So, if you are considering that Florida condo you’ve always wanted, know that homeowners insurance is expensive (and sometimes hard to get) and that your association fees may be very high.   Bookmark to: [...] [...] Yesterday, I was writing about the homeowners insurance crisis here in Florida.  Well another issue that is not getting too much media attention is that homeowners associations fees are also rising rapidly.  The vast majority of condos in Florida belong to an “association” which provides the community features and benefits of a pool, clubhouse, common ground areas and maintenance, etc.  These association fees are paid either on a monthly or annual basis and can be quite substantial depending upon the amenities being offered.  The rates are rising (and in some cases rapidly) because of hurricane damage in the past couple of years combined with the increased property insurance costs.  If you don’t pay your fees, a lien can be placed on your condo by the association.  So, if you are considering that Florida condo you’ve always wanted, know that homeowners insurance is expensive (and sometimes hard to get) and that your association fees may be very high.   Bookmark to: [...]

]]> By: Not Made Of Money: » Score 1 For Florida Homeowners | Nationwide’s 72% Increase Request Denied http://notmadeofmoney.com/blog/2006/10/florida-homeowner-insurance-rapidly-rising-rates.html#comment-8 Not Made Of Money: » Score 1 For Florida Homeowners | Nationwide’s 72% Increase Request Denied Wed, 18 Oct 2006 18:10:01 +0000 http://notmadeofmoney.com/blog/2006/10/florida-homeowner-insurance-rapidly-rising-rates.html#comment-8 [...] I previously wrote about the homeowners insurance difficulties in Florida.  This just goes to show an example of the types of increases we are battling, and though this proposal of 72% was turned down, it is just a matter of time until a “more reasonable increase” will be approved.   Bookmark to: [...] [...] I previously wrote about the homeowners insurance difficulties in Florida.  This just goes to show an example of the types of increases we are battling, and though this proposal of 72% was turned down, it is just a matter of time until a “more reasonable increase” will be approved.   Bookmark to: [...]

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