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I'm generally with you until the end sentence. But, insurance in Florida is like insurance anywhere else, so not sure what you're alluding to...

• lettergram 7y ago
  I’m referring to the fact that Florida has much more expensive home insurance (and fewer home insurance companies) due to the risks associated with said region. A “neighborhood”, if you will (from the grand parent post). The insurance companies didn’t lower their standards, they offset their risks by charging more or being unavailable entirely.
  • lotsofpulp 7y ago
    Does Florida even have any non taxpayer subsidized entities offering flood insurance for homes? I thought all coastal regions were subsidized by the National Flood Insurance Program.
    • axaxs 7y ago
      Ah..so I think I can answer this correctly as it's something I researched prior to moving here. So, if you are in a flood zone, you will be required to get flood insurance IF you mortgage your house, as the lender will require it. To my knowledge, it's very expensive and typically only one program exists (probably the one you are referring to). If you do not live in a flood zone, it varies a lot. Florida requires new homes to be built to appropriate hurricane proof codes since Andrew, so newer homes insurance are about like anywhere else in the nation. Older homes are somewhat more expensive, but usually not insane.