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Florida

steve2470

(37,468 posts)

18. My condo issued a $40 a month increase just to cover increased insurance

Reply to Eugene (Original post)

Tue Dec 12, 2023, 08:58 PM

Dec 2023

Sure, $40 a month may not sound like much, but to people on a limited income (as many of my fellow condo dwellers and I are), it will eventually become a very big deal. Hopefully not to the point where we have to move out.

It is so criminal that DeSantis and his buddies in the Florida Legislature won't do anything about this. Even these idiots have beachfront condos and houses that MUST HAVE insurance. How many people can absorb a huge reconstruction bill after a hurricane or tornado ? Not many.

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18 replies

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Highlight:

'We do not have insurance. We have an insurance bill': Condos hit with 563% rate increase [View all] Eugene Dec 2023 OP

Retirees headed for Florida to find affordable living in their golden years. no_hypocrisy Dec 2023 #1

Puerto Rico? JoseBalow Dec 2023 #6

Mississippi we can do it Dec 2023 #8

Scientist told you a long time ago-what do scientist know, eh? Stargazer99 Dec 2023 #2

Because of wild fires this is also happening in Colorado. nevergiveup Dec 2023 #3

Surely DeSantis and the Repug legislature will fix this. (kidding) dutch777 Dec 2023 #4

Only "fix" is state income taxes raising2moredems Dec 2023 #13

They really only buffer P&C insurance costs if I understand it right. The FL system just delays the inevitable. Agree dutch777 Dec 2023 #14

Yeah ... go ahead ... move to Florida and buy a beachfront condo. lpbk2713 Dec 2023 #5

Florida is literally a sinking ship JoseBalow Dec 2023 #7

Anyone who's driven through Daytona Beach will immediately see the irresponsible development problem. CaptainTruth Dec 2023 #9

Not just Daytona JPK Dec 2023 #12

Yep, everything you say is true. CaptainTruth Dec 2023 #15

Wow. Over $11,200+ for each of the 24 units per year, insurance!! God, I'm so glad I've never moved SWBTATTReg Dec 2023 #10

Housing insurance in Florida, we don't have insurance, we DON'T have a bill. JPK Dec 2023 #11

Our homeowner's insurance situation is similar to yours, but our insurance company went bankrupt last year. CaptainTruth Dec 2023 #16

DeSantis doesn't have the foggiest idea what to do. He'll do a press release and blame it on his woke crap. RKP5637 Dec 2023 #17

My condo issued a $40 a month increase just to cover increased insurance steve2470 Dec 2023 #18