The Boomtown That Shouldn’t Exist

Just make hurricane zones similar to flood zones and they can buy hurricane insurance.

 

I would hope prices would drop now

 

We have what called windstorm coverage in Florida. It’s separate from fire,theft,liability.

Rates are based on where the house is and the in large part due to construction of the house.

My newly built house is 30% less than my old one with 50% more coverage.

 

I don’t believe FEMA insures cars. Even if they do cover cars under their flood policy the max federal flood policy is for 250k.

 

I always lived in Gainesville or lake city so I had no idea that was a thing. Either way I agree that they need to break off insurance for hurricane zones so people in regular areas don't have to pay. I'm in favor of making people who want to buy a beach house and insure it pay full cost of the insurance.

 

What are your thoughts on people who live 4-5 miles from the coast?
10-15 from the coast?
Should we break off people and business who live on the San Andreas fault also?
Or people who live in river deltas that flood every 4-5 years?

Many of the storms that cross the state cause plenty of damage miles inland. Not just to the beach houses.
In fact although they may be at higher risk to a direct hit the code to build closer to the ocean is much more stringent and goes down further inland.

That’s part of the reason if you have things like hurricane clips on your trusses your windstorm is cheaper.

Flood insurance is federal and it only covers rising water.

The only other “gov” insurance in Florida is Citizens. A portion of every policy helps fund it. Citizens was formed because some insurers pulled, out some have come up with ridiculous new rules like if your roof is more than 10 years old they won’t insure you(even if it’s a 25 year roof). They are trying to reduce their risk for scam artists who get people new roof through insurance due to “hail damage”.

Perhaps we need to increase all the building codes in the entire state to match the Miami Dade costal codes.