Originally Posted by
BrazilBusDriver
Edit: the Florida homeowners insurance had gotten as high as 8,000/yr before we dumped $33,000 into impact rated windows. I think that, paired with the continued failure and/or exit of non-Citizen’s companies kind of speaks to where the market is going in the short to medium term.
FL honestly was a low cost state when we moved there in 16. Unfortunately it didn’t stay that way for long.
My in-laws immigrated to the US in 1992 and moved to FL. They just listed/sold their house a few days ago, like you said it used to be a low cost state but insurance is absolutely killing it. Don't get me wrong, I expect people who live/build in the paths of hurricanes to pay for it and those of us who do not, to not pay. But the issue is homes were built there for 50 years prior to building code improvements and unless you demolish and rebuild to current (or better) spec, you're going to pay out the butt for homeowners. Car insurance is another issue, with something like 25% of the state having no insurance and since it's a no-fault state, it's a double whammy for normal drivers.