KW4MW
08-18-2005, 12:31 PM
If you live in Florida you pay higher homeowners insurance premiums. #After 4 hurricanes criss-crossed the state last year everyones insurance premiums went up, even if they didn't sustain storm damage.
Now Florida homeowners can look forward to another 7% price increase:
From the Orlando Sentinel:
Florida homeowners will pay to bail out coastal insurance (http://www.orlandosentinel.com/orl-mcitizens1805aug18,0,4860937.story?coll=orl-home-headlines&track=rss)Quote[/b] ]A one-time charge will be added to their bills to pay off a hurricane-drained insurer's $516 million deficit.
It was more bad news Wednesday for Floridians already grappling with higher insurance premiums: #Now they'll have to pay to help bail out a $516 million deficit for state-backed Citizens Property Insurance Corp.
State-backed insurance corp.?
But wait, there's more:
Quote[/b] ]Most Citizens policyholders are in the state's pricey coastal areas, many in South Florida.
You know, if I thought that the 7% charge would help some poor peckerwood potato farmer in Hastings or Spuds I might not be so POed, but to help those in the "pricey coastal areas, many in South Florida", WTF?
It seems to me that if you live in a pricey home then you should be able to afford your own pricey insurance policy.
And then there is this final nail in the cross.
Quote[/b] ]State legislators had the option of using additional sales-tax money generated by post-hurricane spending to offset Citizens' shortfall, but opted to spend the money elsewhere.
Spent the money elsewhere? #Where?
Yep, it's time for me to move.
Now Florida homeowners can look forward to another 7% price increase:
From the Orlando Sentinel:
Florida homeowners will pay to bail out coastal insurance (http://www.orlandosentinel.com/orl-mcitizens1805aug18,0,4860937.story?coll=orl-home-headlines&track=rss)Quote[/b] ]A one-time charge will be added to their bills to pay off a hurricane-drained insurer's $516 million deficit.
It was more bad news Wednesday for Floridians already grappling with higher insurance premiums: #Now they'll have to pay to help bail out a $516 million deficit for state-backed Citizens Property Insurance Corp.
State-backed insurance corp.?
But wait, there's more:
Quote[/b] ]Most Citizens policyholders are in the state's pricey coastal areas, many in South Florida.
You know, if I thought that the 7% charge would help some poor peckerwood potato farmer in Hastings or Spuds I might not be so POed, but to help those in the "pricey coastal areas, many in South Florida", WTF?
It seems to me that if you live in a pricey home then you should be able to afford your own pricey insurance policy.
And then there is this final nail in the cross.
Quote[/b] ]State legislators had the option of using additional sales-tax money generated by post-hurricane spending to offset Citizens' shortfall, but opted to spend the money elsewhere.
Spent the money elsewhere? #Where?
Yep, it's time for me to move.