Insurance 'nightmare' unfolds for Florida homeowners after back-to-back hurricanes

there is absolutely nothing in florida that makes it worth living there

This is why insurance should be nationalized as part of your taxes.

Anyone thats not a brainwashed rightwing lunatic would see that paying 100-300 dollars a year on taxes would be a hell of a lot better than 100+ dollars a month just to buy a CEO a golden parachute and another yacht

But as long as right wing lunatics are out there literally hunting aid workers and evaluators, its never gonna happen.. because they want misery, pain, and destruction. its why Project 2025 wants to get rid of all of it.

Welcome to climate change. This is just the tip of the iceberg: things are just going to continue getting worse and worse each and every year.

Florida needs to stop rebuilding in the barrier islands. It's unfortunate for the people that live there, but this is going to keep happening over and over again.

Just plant mangroves and let them do their job of protecting the mainland.

Anyone that rebuilds in place after their whole house is destroyed is nuts.. if you get insurance payout.. this is your chance to move.

Insurance companies in the US have become a Ponzai scam instead of a service.

Insurance companies save money by denying claims on a normal day. Paying to rebuild an entire state would jeopardize the big number going up and thus executive bonuses.

They won't be paying claims. They're not going to pay to rebuild a house that their models say will be knocked down again in 2-3 years by the next "storm of the century." Insurance companies exist to extract wealth, not to help people. And they will always have more lawyers than you.

If your insurance only covers 50% of the property value it is essentially useless.

This is absolutely insane.

I’m perfectly fine letting Florida handle Florida’s problems.

Insurance companies: "Wait you actually expect us to provide the service you're paying us for? That's not how this works!"

I feel bad for the Tampa homeowner who discovered homes in their neighborhood used to be worth seven figures and are now worth low six figures.

I think we all predicted that kind of thing would happen somewhere someday, and Florida is one of those top places on the list, but even so, we should be sympathetic. You never really think this kind of thing is going to happen to you, after all. Best of luck to everyone whose homes were destroyed.

Who could have seen this coming?

every client of the companies affected with see that cost

Florida did this to themselves by deregulating parts of the insurance industry and making denials easier so that insurance companies would keep insuring places that are most likely to suffer from the effects of global warming and are in high-risk locations that people refuse to leave from.

Turns out Florida basically said "here, we'll make it so you can keep taking people's insurance payments and give them the illusion of homeowners insurance, but we will make it so you can easily and regularly deny any actual claims."

Classic Florida! 🤣