How ‘cherry-picking’ policies let one insurer win big in Florida’s insurance crisis

Adding to the auto spike is the cost to repair new cars, more drivers on Florida roads and a huge number of cars total losses due to the flooding associated with Ian (statewide not just the coast).

 

I can only talk about Gainesville, and it's been being done here for years. I guess the discount would only be worth it if you planned on staying in the home long term

 

I live in a rural area and had a metal roof put on my house. It was replaced down to the decking just like a shingle roof should be. I had a estimate for both and the cost of the shingle roof was a few dollars less. I went metal because it goes fine with the style house I have and the rural area. The lifespan can be a little longer than a shingle roof if cared for. Most insurance companies are fine with metal roofs but many now will only insure homes with architectural shingles.

 

The biggest credits come from the way the roof itself is installed not the cover on it. Most of the credits are from hurricane strapping and roof attachment method to the walls of the home and the underlayment of the roof and such. What is needed to get the credits is a wind mitigation report that cost around $125. most times and can be done by most that do home inspections or a contractor. Newer homes get more credits most times. Home built after the newest codes in 2003 are cheaper to insure than older homes.

 

Or if you live near the coast and the rates are much higher.
Also piece of mind when a storm approaches.

My Homeowners went from 4k per year in 2020 for 525k of coverage to 2k a year in 2022 for 750k of coverage. Now that was on a new build with CB and Impact windows and a metal roof. If a cat 1-2 is coming I’m not even thinking about it really.