Stratusxpeye wrote:Cape Verde wrote:
It just keeps getting bleaker for Houston and Galveston.
It's hard enough to get homeowner insurance in this area. After this, companies would have to be forced to write policies because this could be enormous.
If you're State Farm, why wouldn't you logically say, "We're not selling insurance along the Gulf Coast anymore." We'll focus on safer places like Idaho.
Come to Florida here and try to get insurance, or anything that's budget reasonable and not 4k a year+. State farm just tried to double rates again but the state refused to allow them to do such things. Just wondering why is it so hard in texas?
The entire "Hurricane Belt" is in an insurance crisis.
It is not a "Florida" or "Texas" issue.