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I think that's a rather uneducated spoonfed media hyperbole. Hurricanes do damage for sure, but generally it is to: - older properties not up to code - coastal

by spydum 3y ago

I think that's a rather uneducated spoonfed media hyperbole. Hurricanes do damage for sure, but generally it is to: - older properties not up to code - coastal properties Plenty of places in the state which are insurable, and at minimal risk, but are getting steamrolled by insurance increases. A good chunk of that is roofing insurance fraud. Nobody pays to reroof anymore out of their own pocket.

I_Am_Nous 3y ago
My comment is in response to a discussion about flood insurance. I wasn't intending to say every year hurricanes scrape the peninsula back to top soil and everything must be rebuilt completely. Are there parts of Florida that aren't flooded by every hurricane? Rate increases for insurance in lower risk zones are what pay for repairs in higher risk zones. How many rate increases will it take before most people can't afford insurance? 76% of Florida's population lives in coastal counties[1] and if the remaining 24% of the population has to pay more to insure those high risk coastal properties, but can't (or won't) then it sounds like there is at the very least an insurability crisis which needs addressed. 1. https://www.usgs.gov/centers/spcmsc/science/florida-coastal-mapping-program https://www.usgs.gov/centers/spcmsc/science/florida-coastal-...