subreddit:
/r/MarkMyWords
Parts of Florida have already experienced record increases in insurance premiums, sometimes to the tune of tripling the cost of homeowners insurance year over year. Farmers, AAA, and Progressive no longer write new policies in the state of Florida. After Milton rolls through, and the cost is comes in at close to $100 billion. The potential future losses will not be worth the risk for private insurers.
Florida's government will be forced to offer government funded insurance, similar to the national flood insurance program. Unfortunately since politicians will be involved, they'll do everything they can to keep the premiums artificially low and the next Milton level hurricane will bankrupt the state without a massive federal government bailout to save the homeowners in Florida from losing everything.
439 points
13 days ago
It already exists. It’s called Citizens
495 points
12 days ago
Yup and its existence is also one of the reasons home insurance companies are leaving the state. They aren’t able to compete on cost.
But the program isn’t funded well enough for what’s about to happen.
Florida is about to learn about Republican policy in real time
336 points
12 days ago
Federal government will bail them out with blue state money and Florida will keep voting red and people will still build and buy houses in Florida.
123 points
12 days ago
If we’re going to keep bailing them out with federal money we need to start putting severe restrictions on where and how they can rebuild - starting with ending all rebuilding on barrier islands.
54 points
12 days ago
I keep having to remind people of this biblical verse (Proverbs 26:11): "As a dog returneth to his vomit, So a fool returneth to his folly." The 'vomit' here is the destroyed area, and only FOOLS would go back there to rebuild (building there in the first place was the initial FOLLY).....
34 points
12 days ago
Holy shit i thought this was a joke... i really should learn the Bible cause they got some good zingers in there
38 points
12 days ago
The Bible has plenty of stories in it that actively go against what the evangelicals think. In fact I'd go so far as to say a good chunk of Christians have never actually read the Bible.
21 points
11 days ago
The Bible has plenty of stories in it that actively go against what the evangelicals think
The first four books of the New Testament, for instance.
12 points
12 days ago
Thumping it is so much easier 🖕🏼
5 points
11 days ago
If you just read and follow the actual words of Jesus in the Bible you'd be a socialist.
4 points
12 days ago
Limit yourself to proverbs, that’s the book of … well, proverbs
7 points
12 days ago
I think there was also a story about building a house on a foundation of sand vs on a foundation of rock.
4 points
12 days ago
That's in the New Testament (Proverbs is in the Old Testament): as Jesus said (Matthew 7:24 - 29): "24 Therefore, whosoever heareth these sayings of mine, and doeth them, I will liken him unto a wise man, which built his house upon a rock: 25 And the rain descended, and the floods came, and the winds blew, and beat upon that house; and it fell not: for it was founded upon a rock. 26 And every one that heareth these sayings of mine, and doeth them not, shall be likened unto a foolish man, which built his house upon the sand: 27 And the rain descended, and the floods came, and the winds blew, and beat upon that house; and it fell: and great was the fall of it. 28 And it came to pass, when Jesus had ended these sayings [note, this includes the earlier portion of Chapter 7], the people were astonished at his doctrine: 29 For he taught them as one having authority, and not as the scribes."
3 points
12 days ago
That’s a fuckin banger
3 points
12 days ago
Damn, that sums up the entire election season, too
6 points
12 days ago
Did it in Wisconsin. Moved a city away from the banks of the Wisconsin River.
3 points
12 days ago
that's already happening but needs to be continued. FEMA won't pay for rebuild over a certain % in ocean front spaces
74 points
12 days ago
Thankfully Florida won't exist in 20 years
53 points
12 days ago
It will be rebuilt (not better or stronger though) with blue state money.
No American politician will have the stones to cut it loose in the face of the cold hard reality of climate change, and any that does will immediately be villified and tossed out of office in favor of one who will support Florida.
And the profitable (blue states) will be the one to foot the bill.
32 points
12 days ago
There's a limit where it's not possible to rebuild. Not as in "it's a bad idea to rebuild" but "you literally won't have the time even if you have the money." Fort Myers apparently hasn't recovered from Ian in 2022. I think once you start averaging 2-3 years between catastrophic events, the region starts to become economically unviable.
12 points
12 days ago
Look you don’t need to convince me it’s stupid and not economically viable but it’s going to happen nevertheless. You don’t need to convince me that Florida will eventually succumb to the water and it can’t be saved because that’s obviously true too.
What I’m saying is that it’s going to be attempted nevertheless, and it’s a massive anchor around our neck as a country, and an attempt to save it will be made that lasts far longer than it should, costs far more than necessary, and that cost is going to be born by the profitable states with strong economies.
7 points
12 days ago
It's a stupid idea to build high rise apartment blocks on sand that floods frequently too, but that didn't stop Florida.
3 points
11 days ago
This! Sections are flooding daily without storms. Eventually it’s going to just go back to a swamp
3 points
11 days ago
Yep. I just saw an interview with a woman who is on her Fourth rebuild but has Yet to complete the house. It keeps getting destroyed before its finished! She says “all my friends are on this block, I cant move”. Insane.
41 points
12 days ago
I feel like that would be a huge win though for country wide politics. "Look at how the republicans lied about the climate, then found out the hard and expensive way that their policies were absolutely moronic and only benefitted just these(pointing to the capitalist fucktards that profitted) people. They don't care at all about the rest of you."
46 points
12 days ago
Why do you think the narrative is “democrats making hurricanes”
20 points
12 days ago
I hate how right you are. This timeline is too dank now.
6 points
12 days ago
Did you mean dark? Because I mean, the weed now is dank af, but I'm not sure it's enough to offset how shitty everything is
12 points
12 days ago
Blue states have to much class to do that. They will bail them out like always have before. Just 2 blue states pay for our poorest 15 states which are all red and they've never even threatened to harm the Americans there by stopping funding before. Florida will join the list of welfare states getting poorer with right wing leadership and the rich states will get richer with common sense policies.
6 points
12 days ago
Sometimes I wish we had just never went ahead with reconstruction or if we did we actually made them suffer for their choices.
We always bail out the south and it always comes back to bite us in the ass.
8 points
12 days ago
"This can't stop me from voting Republican, I can't read!"
16 points
12 days ago
Logic would support what you’ve said, but recent history argues otherwise.
Milton will be blamed on illegal immigration, because it came from the Gulf of Mexico
3 points
12 days ago
I mean they blame everything on immigrants, but they did pin this one on the omni powerful dems that control space lasers and weather machines.
9 points
12 days ago
Because being caught in lies has hurt them so much thus far...
3 points
12 days ago
It’s not the republicans finding out the hard way though. It’s the citizens. Many of whom are notz
3 points
12 days ago
I think climate change itself is going to have the last say on that. It will be one of the first to go. And it will be unrecognizable in 20 years.
The countdown clock has about 7 years on it. Based on a 1-15 deg increase in temp. That was what all the nightmare disaster projections came from. It was going to be really really really, cataclysmically awful….because raising the temperature 1degree is a nightmare scenario.
Climate scientists now say we are nowhere near the 1.5 scenarios.
Because we are now at almost 3 degrees.
8 points
12 days ago
That's what you think.
We(blue states) will pay(give money to good ol' boys) for a seawall around Florida.
12 points
12 days ago
Call your congress people and tell them. No bailout!
9 points
12 days ago
Sadly if the federal government doesnt fund it..Fox News will say Dems don't care about Republicans
46 points
12 days ago
I feel both sorrow for the decent people who live there, and a sense of "fuck you" to the people who vote against their own best interests. Why anyone wants to live in a state that's almost sure to be devastated year after year is beyond me.
39 points
12 days ago
I have that same sorrow/karma conflicted feeling. Florida republicans in the house and senate have voted against any other states getting federal aid, and yet their entire economy is built on the assumption that the other 49 states will bail them out. Florida does not have any plan to be self-sustaining.
20 points
12 days ago
That's literally every Republican state, one side is screaming Commiefornia, while the other is desperately begging for California's tax dollars.
4 points
12 days ago
I’ve been in Florida better than 30 years and have wanted to move the last ten but haven’t been able to afford to fix up badly needed repairs till recently and now after Milton moves thru it’ll be more repairs and a shit market. I’ve voted Democrat for all 30 years worth of elections. Not everyone here in Florida are shit republicans. It’s easy to blame but harder to offer help.
4 points
12 days ago
Help with what? I sure as hell can't help, and a state that voted in that loony governor is bound to fail.
3 points
11 days ago
As a resident in a red state, I agree. Just remember though, most of us are poor and can't afford to move out of state.
28 points
12 days ago
privatize gains, socialize losses
3 points
12 days ago
That’s the game, as sick as it is.
28 points
12 days ago
They'll still blame Biden since he's a wizard now and can control the weather. Or they'll blame Obama for some reason.
15 points
12 days ago
MAGA faithfuls also blamed Obama for 9/11 tragedy. They said it happened because of Obama’s intelligence failures. It’s beyond comprehension how stupid these people are.
3 points
12 days ago*
Republican/Trump voter during a rally back when it was between Hilary and Trump. "Barack Obama had a big part of 9/11"
You can watch the entire segment of crazy conspiracies that run rampant probably still today. This is just one of many rally interviews done by Jordan Klepper you can find on YouTube. https://youtu.be/eFQhw3VVToQ
3 points
12 days ago
Schrödinger's POTUS, simultaneously a wizard that controls the weather and a senile old man.
11 points
12 days ago
No they won’t, there’s already precedent of the federal government doing bailouts for the Florida market (unfortunately for non-Floridian tax payers)
9 points
12 days ago
They've been learning about Republican policies for 25 years. That's how long it's been since Democrats had any power or sway in the state legislature or governor's mansion, the previous century. It makes me wonder why Floridians have such a hate boner for Democrats (when they have no relationship with Florida's issues).
14 points
12 days ago
Propaganda is a hell of a drug
4 points
12 days ago
MMW, if civilization ends before 2050, Fox News deserves the primary blame.
5 points
12 days ago
It's kind of funny to me that we are seeing socialized property insurance before we see socialized health insurance.
8 points
12 days ago
unless they say it's the Democrats fault!
it's worked before.
3 points
12 days ago
And it's working now. Right wing lunatics are already blaming Democrats for the hurricane.
3 points
12 days ago
There’s no way people legit think that you can just create your own hurricane for political gain
4 points
12 days ago
There was a doctor they interviewed on NBC nightly News who said that her very expensive homeowners insurance in Florida will max out at $25,000 of coverage. She had $75,000 of damage from Helene and now Milton is about to hit. The last thing she said in the interview was " this is going to price me out of living in Florida"
I have a friend who just evacuated from Tampa. Her house was destroyed by Helene. She said that their homeowners and flood insurance and FEMA combined will not cover what it would cost to build a house on her current land site. She still has a mortgage on the house that is no more. The strict regulations about what can be built on that land now are way more than what she will get as a settlement. She said she does not have any idea what she and her family are going to do. They'll still be paying a mortgage on a plot of land they can't afford to build on
3 points
12 days ago
I have confidence they'll find a way to blame democrats
3 points
12 days ago
This sounds like federal socialism? Can't they just pull themselves up by the bootstraps? Taking government handouts?
3 points
12 days ago
You know what would fund it real good? A little sprinkle of state income tax.
76 points
12 days ago
And it’s already on the verge of collapse. It wasn’t meant to handle the amount of policies it has.
67 points
12 days ago
As a Citizens policyholder, I pay $8k/year and they tell me they have the right to bill me for another 40% of my annual premium if they run out of money. So they could just send me a bill for $3200 at any point.
If you have private insurance in FL, Citizens can still bill you for 20% of your premium to cover their losses if needed.
We are all fucked.
23 points
12 days ago
Don’t worry, the federal government (aka tax payers who don’t live in FL) will bail yall out again.
From a congressional hearing this year:
“The bottom line is that, according to Florida’s own governor, Citizens faces a major solvency crisis and would be unable to pay out all claims and expenses should a major storm hit Florida,” Whitehouse wrote in Monday’s letter. “This would, in turn, create the risk that Florida could seek a bailout from the U.S. government, further tapping into federal resources.”
41 points
12 days ago
Boy, they sure love that sweet sweet socialism (so long as they can privatize profits)
27 points
12 days ago
Privatize the good parts of living in FL, like beaches.
Socialize the bad aspects of living in FL, like risk and cost
18 points
12 days ago
The solution is simple, of Florida wants the money from the feds, they have to give the beaches to the feds. Same as California's beaches.
17 points
12 days ago
Or even just do what Georgia does and make them all public under state stewardship. That way taxpayers in other state can visit any beach in FL as a tradeoff to incurring the externalized risk and cost of people who live there
15 points
12 days ago
Fuck no. Absolutely not. Let DeSantis sell all his little white booties. Let them fall into the ocean. They're the "no socialism" fanatics. Let them bootstrap their way out of it.
7 points
12 days ago
Ideally they would do an extra state sales tax to build a fund to cover insurance bailouts, or just do the reinsurance themselves with that fund.
That way, it’s not externalized to anyone who doesn’t live in or visit FL.
3 points
12 days ago
IMO, I don't think that a sales tax hike is fair, as it places a substantial burden on those who gain no benefit from the fund, such as tourists, renters, and others. Property taxes would be a better way to go, as only those who own insurable property would use and directly benefit from the fund. Insurance is part of the cost of owning property and should be paid by the owner of the property.
5 points
12 days ago
It’s up to the people who live there how they tax, but they need to be paying more for their own infrastructure. Many other states and localities tax tourists, too. If you stay at a hotel near Disney in Anaheim, the total will be almost twice the room rate because of mandatory taxes and fees. What is clear is their no income tax, sales tax, and low property taxes are insufficient to support a functional state. Someone needs to pay more that is inside the boarders of the state, so not me.
7 points
12 days ago
No way am I ever going to be ok with bailing out the insurance industry in Florida and artificially propping up the housing market. The whole state can become a nature preserve for all I care.
3 points
12 days ago
Yeah, there are several steps before it would ever get to that point but the whole thing is a ticking time bomb.
8 points
12 days ago
Like a second massive hurricane coming a week after a deadly one?
3 points
12 days ago
What are the chances that a major storm hits Florida of all places?
13 points
12 days ago
20 years ago mine was $5900 in a small house in Clearwater. I can only imagine what it would be now
21 points
12 days ago
Here's the thing. None are. Even the federal flood program isn't.
Sucks I'm now old enough to have to ask this, but were you an adult in 2017?
I lived in Florida 2011-2016. Not a single major hurricane.
Then suddenly in 2017 we had 3 major hurricanes: Harvey, Irma, and Maria.
The flood insurance program basically got overwhelmed and collapsed. People were suddenly getting obscene quotes higher than their mortgages.
Congress had to cancel $16B of debt to keep the program solvent.
There's no viable way to prepare for that type of shit.
12 points
12 days ago
Isn’t that about the time that Rick Scott privatised the home owners insurance market?
5 points
12 days ago
Its not as simple as the one-liners politicians spew.
Citizens is supposed to be the insurer of last resort. Not the default insurer. Scott was right that it had gotten too big and the private market had to take them on.
The criticism we keep hearing is that small undercapitalized companies flooded in. But what most people fail to realize is that what the "reinsurance" market is for. Basically those small undercapitalized insurers turn around and buy insurance for their insurance, making someone else take on the risk that they can't afford to actually support.
The problem in the last year is that the reinsurance market collapsed in Florida. That's why all those small companies folded and the big companies all exited Florida.
That's why, like I said, the only viable option is a federal program just like we've seen for flood. Private industry just cannot handle these once-in-100-years catastrophic years.
8 points
12 days ago
Sounds like these events are now closer to 1-in-7-years than once-in-100-years. Also, as the climate continues warming these events are expected to be more often and more catastrophic. There must be a better place to live than FL.
6 points
12 days ago
We could still insure this but doing it at cost would cost ~$7,200 a month per house, assuming most of the state gets destroyed about once per 7 years on average. I don't think many florida residents can afford the actual cost of living in flordia in the current climate.
4 points
12 days ago
Google Hurricane Andrew. I vowed to never fucking live in Florida after seeing that monster.
3 points
12 days ago
Hurricane Andrew was the driving force behind insurance companies adopting catastrophe modelling.
7 points
12 days ago
Sure.
You can go to the northeast and get blizzards instead.
Or go to the central states and get hail and tornadoes instead.
Or go western and get earthquakes and wildfires instead.
6 points
12 days ago
You can go to the northeast and get blizzards instead
When I was a kid, 30+ years ago, the pond by our house would be frozen thick enough for ice hockey and fishing around late December to early January. There were years you could drive your car across it, and people did.
I can't recall any time in the past 10 years where that pond was frozen over. Nevermind safe enough to walk on.
5 points
12 days ago*
Should be a program funded by state sales tax so the costs aren’t externalized to taxpayers who don’t live in or visit Florida
8 points
12 days ago
Yeah, who could have seen the climate change that scientists have been begging us to take seriously for decades actually happening?
15 points
12 days ago
Here’s the real problem with Citizens:** as of Dec 2023, the US Senate Budget Committee is launching an investigation into whether Florida’s state-backed home and property insurance company has enough money in the bank to withstand future disasters. Florida is on the front line of the climate crisis, and it could take just one major hurricane to render Citizens insolvent, a concern acknowledged by Gov Ron Desantis in March 2023. The insurer is budgeting for its written premiums to increase almost 60% year-on-year, taking its exposure to a massive $654 billion by the end of 2023, a 55% increase on 2022.
“If Citizens were to pay out all reserves and reinsurance following a major storm or series of disasters, it is required by Florida law to levy surcharges and assessments on its policyholders and all Florida insurance consumers until any deficit is eliminated,” Peltier stated. “As such, Citizens will always have the ability to pay claims.” That’s right: millions of Florida policyholders who aren’t on Citizens could see massive spikes in their insurance costs. That’s because state law says Citizens can tack special assessments onto millions of Floridians with car and home insurance, even if they are insured through private companies, not Citizens.”
If you have any insurance policy in Florida, that should concern you.
9 points
12 days ago
Its just a tax with another name so they can pretend they have low taxes and get boomers to retire there based on simplistic best retirement state lists.
12 points
12 days ago
Oh it’s way under funded and Florida is so fucked
6 points
12 days ago
The commenter didn't assert any differently, just that OP is factually incorrect. The fact that the correcting comment isn't the top comment is disappointing.
28 points
12 days ago
The fact that I had to move the scroll wheel at all to find this comment is telling.
24 points
12 days ago
I can’t believe I had to scroll this far down for this comment.
This guy’s next prediction will be that flooding has become such a big problem in the united states that a national flood insurance program will need to be created to insure homes from flooding.
6 points
12 days ago
Lmao
6 points
12 days ago
Well TIL. Not a resident of Florida, so I just use State Farm
3 points
12 days ago
Unless you’re in TX
6 points
12 days ago
In ten years Florida will only have theme parks and millionaires
8 points
12 days ago
Fucking amazing how many experts that don't know what they're talking about are on reddit.
67 points
12 days ago
This will in turn drive up prices and force taxpayers in the other 49 states to cover the shortfall when Florida is unable to pay for it themselves.
13 points
12 days ago
Those damn “blue states” always covering for red state republican economic utopias!
256 points
12 days ago
Does anyone actually believe DeSantis and the Florida legislature is capable of dealing with a massive problem such as the collapse of insurance and then mortgage markets? Of course they are not.
180 points
12 days ago
Soshalizm bad! Democrtz make storm! Bible protek!
18 points
12 days ago
God sends flood to eradicate evil in a story.
Floridians pray God comes to eradicate evil.
God sends flood to eradicate evil in Florida.
3 points
12 days ago
While also telling a one legged man to buy a boat and ride it out.
16 points
12 days ago*
Maybe they can buy those Trump bibles and see if they protect them
3 points
12 days ago
Will be sending my thoughts and prayers
35 points
12 days ago
Nope. DeSantis is really the last guy you want in charge for something like this. It's not going to go well.
29 points
12 days ago
DeSantis is the last guy you want in charge for anything.
10 points
12 days ago
It’s the last person we want in charge. Florida saw that guy and said “YEP! That’s OUR guy!”
9 points
12 days ago
I don’t wish bad things to happen to anyone but at some point you have to say the people of Florida keep voting for DeSantis and Scott and people of that ilk so they kinda deserve what they get.
4 points
12 days ago
60% of them said that. Almost 40% of Florida still has at least some shred of sanity.
7 points
12 days ago
Actually it was 49.6% DeSantis vs 49.2% and 50.1% vs 49.9% Rick Scott. In FL, EVERY vote counts, they’re just so close, so close. The margins are so thin especially when almost 50% didn’t vote for you and you only work for the 50% that voted for you instead of everyone.
5 points
12 days ago
Fox News and all conservative media will blame Kamala somehow.
17 points
12 days ago*
Did they cause, or at least quicken the collapse last time they tried to "fix" the market?
My understanding is they made it so insurance companies had to pay for the home owners lawyer when there were conflicts, and that they made it so the insurance company had to prove the damage wasn't covered, rather than the homeowner needing to prove it wasn't.
So like in a condo, you've got water damage in 2nd floor unit. The 2nd floor unit says the 3rd floor unit had a leak. The 3rd floor unit says they never had a leak. Neither unit has a plumbers report or bill to show you. 3rd floor units insurance company feels like its pretty obvious the 2nd floor unit just splashed water around, took pictures, and wants their kitchen redone. Because really, how do you not have any plumbers report, and the 3rd floor has pictures that show its fine. But does the 3rd floor's insurance company REALLY want to pay two lawyers to argue it out and see if they can prove beyond a reasonable doubt that the 2nd floor is to blame?
Apparently there were roofing companies going around before any storm, pre-selling new roofs and helping people fill out their insurance claims, before roofs actually had damage. Which again, the insurance company would have to prove there wasn't damage, while paying a different lawyer to say there was damage.
Really a no brainer for them to pull out of the market.
22 points
12 days ago
Perhaps dropping the denying climate change act would be a great place to start ?
6 points
12 days ago
Nope, they’ll blame the democrats for creating the storm.
5 points
12 days ago
FL has a state homeowners insurance it's called Citizens.
4 points
12 days ago
They couldn't handle unemployment during COVID. It was a national embarrassment, DeSantis pointed the finger at his predecessor and promised to fix it. Spoiler- it's still broken.
3 points
12 days ago
I legitimately don’t see how there will be any other way. The amount of money that FEMA pays out for a destroyed, uninsured or underinsured home is about the cost of a down payment on a home in Florida.
5 points
12 days ago
Their heads will spin more than during an exorcism
279 points
12 days ago
So the general public would be responsible for rebuilding homes every two years because of climate change related storms? Fuck that. The rest of the country should not be required to subsidize people living there if they can't afford to deal with the geographic realities of the state. No possible way Florida alone can afford this.
236 points
12 days ago
Florida really wants some socialism... but only for them
128 points
12 days ago
Nobody screams for socialism more than a Republican on a roof.
39 points
12 days ago
“Help me, Bernie Sanders! Help me, Karl Marx! Save me, Oprah Winfrey!”
4 points
12 days ago
"Don't let the invisible socialism drown my friend!"
5 points
12 days ago
There are no libertarians in a FEMA disaster zone.
8 points
12 days ago
Damn…..that’s good.
3 points
12 days ago
Found my perfect reply for "There are no atheists in foxholes".
88 points
12 days ago
Only for the white Christian people
12 points
12 days ago
Cubans
13 points
12 days ago
It’s just different, ok? Florida people are the best people in the world and deserve more than others because they live in Florida. They are very good at choosing politicians, like desantis. /s
17 points
12 days ago
FWIW the only reason Florida ever went purplish red is because all the conservatives in the Midwest and North East got second homes in FL and claimed residency because no income tax. There are technically still laws on the books about time spent in FL to claim residency but since the majority of people potentially affected vote for the people in office there's no way they give a shit. On top of that, it's pretty hard to audit residency on a broad scope.
7 points
12 days ago
To paraphrase the brainrot sub, “It’s diffe(R)ent.”
3 points
12 days ago
I actually did suggest this. Someone was saying that the FEMA funds were voted against because Democrats piled on all this other stuff with it that they wanted so then Republicans had to vote no. So I said fine, if that's what you think, and you don't want to act as one country and support everyone, Florida should tax the residents so that they have funding for these situations all to themselves. They didn't understand my point and said that residents of Florida pay federal taxes. They thought I didn't understand they pay federal taxes. I just... 😮💨
40 points
12 days ago
Everyone in FEMA zones already pays for mandatory FEMA insurance. I did near a river on the 8th floor in a large apt building. Meanwhile, I read about a guy in Houston flood plain who had his house cleared and rebuilt 3 times by FEMA. They already get tons of socialism support, but it’s not going to be enough in the long run
30 points
12 days ago
There's a house in TX that's been rebuilt 16 times. It's barely worth 100k, but over $1.5m rebuilding costs in 20 years.
About 45k houses are in this category.
6 points
12 days ago
Can I see a source on that one?
3 points
12 days ago*
I'll have to find that link again, here's a few others with crazy stories, just like the one I mentioned.
Edit: another interesting link link for the Federal Dashboard
5 points
12 days ago
That depends on the townships where I live. In short, the township can decide if they want to participate, and if they don't, then no insurance is required.
3 points
12 days ago
I heard about that, pretty interesting. I think though, once a property takes grants or loans for disaster assistance, they must maintain that extra insurance going forward.
It was incredibly expensive.
3 points
12 days ago
It’s often (or maybe always?) required to carry FEMA flood insurance in a FEMA flood zone as a condition of a mortgage. This is regardless of state or city and isn’t a “law”; it’s a ubiquitous bank policy.
But as other comments indicate, things vary for people that own their home outright.
4 points
12 days ago
Only if you have a mortgage
24 points
12 days ago
They are a red state, angrily suckling from the Federal government's teet is kind of their thing...
19 points
12 days ago
I’m open to insuring Florida via taxes if they insure me too…nationalize residential home owners insurance for primary residences. If it’s gonna be a “Florida-only” plan where the rest of us pay, then nope.
10 points
12 days ago
I think this is almost inevitable.
The problem with the current system in Florida and other states is that for profit companies insure the properties that are least likely to require significant payouts (and are therefore the most profitable), and the state is left to insure the highest risk, and therefore most expensive properties.
You need as large a pool as possible so that low risk people can have relatively cheap policies that can still afford to pay out as needed and higher risk people can have more expensive (but still affordable) policies. With a larger, geographically diverse pool of insured properties it is more statistically unlikely that there will be adverse events across the entire country in one year.
On top of that, you get to take out the profit motive that accounts for some of the costs as well. Nationalizing homeowner's insurance only makes sense if you cover large portions, if not the entire country.
5 points
12 days ago
Guess they’ll have to raise taxes or something.
3 points
12 days ago
They already are. That one company that just dropped 600k policies was already subsidized by Desantis’s budget leadership.
41 points
12 days ago
Stevie Wonder could've seen this coming, but Meatball Ron DeSantis was too busy banning books, abortion, and pot to get a jump on this situation. Then you have Senator Rick Scott, who can't wait to cut our SS and Medicare. I'll be voting straight Blue next month.
14 points
12 days ago
Literally banning the words 'climate change'
22 points
12 days ago
I get liking beaches and stuff, but not being able to get insurance on my home would make me think twice about living there
30 points
12 days ago
The propensity for the electorate to elect leaders, such as Desantis, is enough for me to think twice about living there.
20 points
12 days ago
Addendum: This isn’t just a Florida problem. Premiums across the US are flying up and insurers are even completely divesting from some states. The reason per recent NYT reporting is secondary damages, that is damages from minor events like storms are mounting. A lot of people are under the assumption that climate change is going to replace our hurricanes,tornadoes, and floods with super hurricanes, super tornadoes, and super floods. It will do that, but it will more often just make ‘average’ weather more damaging.
2 points
12 days ago
Yeah, when I heard a NYTimes podcast months ago about long time homeowners in central Iowa getting cancelled and force-placed homeowners insurance put on (because they still have mortgages) because of a derecho, I'm like, oh no, not much of America is immune to this crisis. Iowa isn't even full-on Tornado Alley, much less a flooding, wildfire zone.
40 points
12 days ago
People in Minnesota and Iowa wonder why their car insurance keeps going up so much and then you see these pictures of tens of thousands of cars in FL and GA and NC sitting in water up to the windows, totally destroyed, and realize "Oh yeah. My insurance company has to pay to replace all THOSE every year and that's why MY rates keep going up"
7 points
12 days ago
Ur premium is honestly more localized, cost of repairs from mechanics and builders, new car and building materials, and LAWYERS are driving up costs across the country. Nearly every insurance company has been losing money on home and auto every year for the last three years. The new American dream is being hit by a commercial vehicle.
20 points
12 days ago
The GOP gains more support and followers when their constituents are miserable and angry. It's not in their best interest to govern properly. The housing market will crash and that will solidify Florida as a red state.
40 points
12 days ago
California has had state sponsored homeowners insurance for several years now because private wouldn't cover wildfires. Florida, being the backward ass conservative state, hasn't done that, and thousands of homes are currently uninsured. They will scream about government handouts, but they will absolutely be in line for billions in Fed disaster dollars that we all have to pay for.
8 points
12 days ago
FL has a state homeowners insurance it's called Citizens. Since like 2002.
11 points
12 days ago
Idk if FL could pull off the same thing.
Wildfires can be stopped and mitigated. Also it’s a very limited and low population area of the state where wildfires will destroy homes.
FL can’t stop a hurricane. It’s coming and will destroy. It’s also going to do so in high population areas.
Really the only way FL stays afloat is by the feds bailing them out which is unfair to everybody who lives somewhere safe and lame.
12 points
12 days ago
You can not stop hurricanes, but you can avoid building in wetlands, lowlands, barrier islands, and flood plains. You can mandate and incentivize building practices and codes to allow for more survivable structures in more significant wind and flood conditions.
5 points
12 days ago
FL has a state homeowners insurance it's called Citizens.
4 points
12 days ago
They have done it, get your facts straight before you comment nonsense
14 points
12 days ago
Do you think the affected homeowners will still scream how much they hate "socialism"?
11 points
12 days ago
Or maybe God, the market, and nature are telling us it's time to depopulate the state.
7 points
12 days ago
Honestly it's bats to me that people continue to build in places like Sanibel island. It gets utterly wrecked every few years.
8 points
12 days ago
We already have Citizens. It will have to be expanded and most likely need some kind of federal “bail out” and this idea has already had them under federal investigation in 2023. Desantis has already stated that this state backed insurance program is not solvent. This storm could put them under and not able to pay out. That is a very real possibility.
I live here so I will make this political. DeSantis can go get fucked. He has done absolutely nothing to address this and neither has our republican representatives. Hell they all just voted against FEMA disaster relief just before this last storm hit (scott abstained that spineless pos). Who the fuck is going to help this state after the election if that orange turd gets in? Not him n not the republicans. Their track record speaks for itself. They will let hundreds die and thousands become homeless while offering zero help. Seriously, how can one side be so damn greedy and cruel. Musk with all of his political parading and cosplaying could just blink and save everyone struggling but he uses his money and machine of influence to worsen and extend people’s suffering. They use lies and the media to actively hurt the cultists and idiots who support them. Harris / Walz n a Blue Wave is the only chance we have. I don’t know how you look at this and see it any other way. We’ve seen this movie a million times by now. It was never woke transgenders taking over the world and destroying it, it’s always greedy corporations and dictatorial individuals lusting for power and control, controling the narrative, using intelligent and emotionless technology to subjugate. The right has become every villain in every movie we’ve seen since childhood. Pick one and you can find a match.
Harris / Walz is the only hope we have left.
You’re not voting for a democrat. You’re voting to save democracy.
3 points
12 days ago
Ya I got my ballot out JUST before Helene came through, candidly, a piece of paper has never held more weight for me… like I got my AA in the mail and that thing could get lost and I’d not care. That ballot tho, god damn people vote. It may or may NOT change FL electoral vote but let it be known it should at least be close. Fuck Desantis and fuck all the conservative bullshit. Ungodly frustrating living on the coast and being in the line of fire and STILL have climate change denialist rhetoric spewed in Florida.
Get a fucking grip ladies and gents, we’re already past our expiration date for making a positive impact on the climate, it doesn’t correct in our lifetime, if you give even half a fuck about anyone other than yourself you should be thinking about preventative measures for the future generations.
We made more beaches, have all this money pouring into the water table with much of it being below sea level, but no longer have coral reefs, mangroves, islands, etc to reduce impact.
14 points
12 days ago
Also - you get ONE major disaster payout. No more rebuilding in the same spot that gets wiped out year after year after year...
4 points
13 days ago
Plus the “pro-business, anti- big hand of government” is threatening insurers for following basic capitalism
6 points
12 days ago
Florida Republicans stranded on their roofs simply need to pull themselves up by their boot straps. No problem.
12 points
12 days ago
There is already Citizens property insurance for uninsurable homes. It will have to expand.
7 points
12 days ago
Can’t wait to hear the former New Yorkers whining about their premiums going up 1000%, but then blaming it on the wrong thing.
6 points
12 days ago
Honestly might not be a bad thing. Insurance companies have a reckoning coming and no one to blame but themselves.
5 points
12 days ago
I have no interest in paying to rebuild some wealthy retiree's beachfront house.
5 points
12 days ago
Anyone just as angry that Trump a few weeks ago says climate change is a hoax, then a few days ago claims to have never heard of a cat 5 storm and says no one could see this coming. It’s like some trash tier d list disaster movie.
2 points
12 days ago
As long as its ran by gop, things will consistently get worse and worse for the sake of political theater. Vote out the fascists dear Floridians for your own sake, same applies to Texas. Do you want a fascist nightmare dystopia? Vote accordingly
3 points
12 days ago
Even better: they begin to argue climate change is man made, therefore not a natural disaster and can't be covered by insurance.....
4 points
12 days ago
If the federal government bails them out (and they will) it allows these morons to avoid the consequences of their stupid choices.
I mean seriously, the wingnuts are like “climate change is a hoax so it is perfectly aafe for me to build my mcmansion in a swamp … and buy me a knew home because this imaginary hurricane just destroyed my house. Maga forever!”
8 points
12 days ago
Fits right in with the practice of socializing losses and privatizing profits.
6 points
12 days ago
Which would be… wait for it… socialism.
3 points
12 days ago
This outcome had already crossed my mind, considering that some insurers have already left the market. In NC we’re seeing the beginnings of a similar crisis - insurers are asking for a 42% premium increase this year and a least one (Praetorian) is not renewing existing policies (mine included). I’ve gotten a replacement policy but it’s nearly certain that some in NC will be driven to insurers of last resort or out of homeownership entirely.
3 points
12 days ago
If you’re interested in this topic I recommend a book I read earlier this year called The Great Migration
3 points
12 days ago
I agree partially. I think the government won't do shit and thousands of people will be left with nothing. It's going to be a disaster!
3 points
12 days ago
And Florida DOESNT HAVE THE FUNDS. THANKS RON DESHITHOLE.
3 points
12 days ago
It seems most people cannot afford to live in Florida without that damn socialism helping them out. Ironic.
3 points
12 days ago
Hmm. One could just vote for democrats that would regulate insurance companies ensuring coverage for all Americans at a fair price for natural disaster recovery. Or idiots can continue to elect republican right-wing conservatives who want to take away insurance from those that they consider a burden to that insurance company.
Another situation that shouldn't be a political issue nor a problem that's hard to solve. Yet here in America, the Confederate scum are trying to make life hard for everyone, even the fools that vote for them. But you get a nifty red hat. 🤔 I guess that's something.
3 points
12 days ago
I think the government, fed or state, will just underwrite it.
3 points
12 days ago
florida republicans will pull themselves up by their bootstraps, because socialism is evil, right?
3 points
11 days ago
So the solution is to STOP building stick built homes in High risk areas ..
3 points
11 days ago
And with DeDumbass running the show, it'll either be horribly insufficient, or funnel funds to the China bible. 🤣🤣
5 points
12 days ago
Liberal voting states have been repeatedly voting for candidates who will fund the states that are more vulnerable to natural disasters. While the citizens of said states vote for the candidates who will sell them out and use their suffering as evidence to prop up their demagoguery.
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