3 ms·
Purely an anecdote, but I live within XX miles of west palm beach. Insurance cancelled with our HOA because our "15-year" roofs reached 12 years old. We just sp
by TheJoeMan 3y ago
Purely an anecdote, but I live within XX miles of west palm beach. Insurance cancelled with our HOA because our "15-year" roofs reached 12 years old. We just spent 3 million dollars redoing all the roofs in our community, and the new insurance rate is still increased over year 12's.
I wonder if this is retribution for all the TV infomercials for filing for "hail damage" many months after a hurricane last season.
- brianwawok 3y agoIt's retribution for the billions paid in claims yes. If at any point an insurer is paying out more than like 80% of the fees they are taking in, they are going to either jack rates or pull out of the area. I think this is 100% fair, and the alternative that I should have my tax money go from BFE to subsidize beachfront living is insane. I am 100% fine with people living literally anywhere, but until every square inch of land is used - there is no reason people MUST live on the beach in a hurricane zone.
- deleted 3y ago[deleted]
- _ea1k 3y agoThe hail chasers aren't only lurking around beaches. It is a trend happening throughout the country and leading to a lot of roof replacements.
- sharemywin 3y agothere's definitely a problem with fake roof insurance claims in florida.