Why Florida Homeowners Are Being Dropped By Insurance Companies

This expert breaks down what it means and why homeowners are being dropped by their insurance companies.

[KAMB_n_Jinx]

Private carriers are leaving because the can’t stay profitable because of all the lawsuits. It is highly regulated when and if a rate is increased. The have to keep reserves (bank) to be able to pay a claim. If a large percentage is going out the door for legal fees that isn’t accounted for in rate approvals. Thank the lawyers and contractors they win. We all loose. She warned us about this 3 years ago. Now legislative inaction is creating horrible rate increases that had to be approved. I went from 1479 a year to 4479. That 3k increase in one year. Our lawyer friendly legislature created this mess

[johnporter]

Not to mention that Florida is slowly sinking into the ocean and repeatedly/increasingly hammered by hurricanes. An insurance companyies nightmare...

[juliusgreen]

Idont think it is fair to just drop all the hundreds of people and ther homes 🏡they take your money 12 months a year and the state allows them to do it who needs lnsurance

[rubyvolt]

Because FloriDUH has helped turned this nation into the FASCIST nation for the21 century and the MAIN STREAM MEDIA, of which this channel belongs, HAS BEEN A BIG HELPER AS WELL. This is what Repuke party policies give you.

[tonypresley]

Insurance companies have a no loose game.

[RealCptHammonds]

If people replaced their roofs with commercial grade steel, like I did 2 years ago, this wouldn't be a problem. My insurance inspector rated my new roof's expected life to be 100+ years.