Rising insurance premiums?

[alicia-w]

I heard on NPR this morning that insurance premiums in Central and South Florida could rise 100% or more due to this storm. Thus I get SO angry and frustrated when people say "well insurance will buy me a new trailer" or "insurance will buy me a new house".

We have coverings for all of our windows and doors and had some extra materials left over. Our neighbor left for Hawaii for a couple of weeks and we offered to use some of that to cover the floor-to-ceiling windows along the back of his house. He said "Nah, that's what insurance is for."

Come on people, we ALL pay for this when something hits. I dont mind paying my fair share, but I'm tired of funding complacency and bad judgement....

[jlauderdal]

I heard on NPR this morning that insurance premiums in Central and South Florida could rise 100% or more due to this storm. Thus I get SO angry and frustrated when people say "well insurance will buy me a new trailer" or "insurance will buy me a new house".

We have coverings for all of our windows and doors and had some extra materials left over. Our neighbor left for Hawaii for a couple of weeks and we offered to use some of that to cover the floor-to-ceiling windows along the back of his house. He said "Nah, that's what insurance is for."

Come on people, we ALL pay for this when something hits. I dont mind paying my fair share, but I'm tired of funding complacency and bad judgement....

Me too.

[SVTBolt]

I agree that people should be ready for a storm and if a neighbor offered something such as you did I would gladly accept but I have to address two points. Those that are in the sections known as ground 0 can forget about not having their homes destroyed in a major cane. I live in Southwest Dade County and had my home ready for Andrew and it basically leveled the house. Once the roof is breached forget about saving anything. I had windows explode, shutters ripped off, and major roof damage. Secondly, the way I known insurance companies even if the damage was minor they would look for any reason in the world to jack up the rates.

[Guest]

The problem with insurance comipanies is the possiblities of them going bankrupt. Another major strike this yr who knows.

[Lindaloo]

If the insurance companies want to start somewhere, they should start with the each state's building codes. And all people who live in coastal areas should have very strict building codes. When I watched the video of that post office losing it's tin roof, it was obvious to me it had no hurricane straps. When I watched the video of the hurricane itself all I saw was pieces of roof's going by.

Although, some of the houses that were destroyed were because of the pressure drop and storm surge.

[frankthetank]

I agree with the comment that they should have to be up to code. When you have a mobile home parked right near a 90F body of water teeming with tropical mischief, you probably bought the wrong piece of property. I've lived in a mobile home and im well aware that they are not safe structures in high wind. Just ask people in Kansas and OK. I always here people quote "thats what insurance is for"...no wonder why its so high.

[Lindaloo]

The insurance industry needs to be educated on how building code compliance would lead to minimal property risks and claims and losses. Each state insurance commissioner needs to encourage the insurance industry to reduce premiums for those who are in compliance with building codes.