Homeowners insurance crisis: Some Florida seniors worry they'll lose property

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8 On Your Side Investigator Mahsa Saeidi has this update.
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American Greed is on display. The insurance companies are quick to take advantage of home owners. I have never had a claim, but every year they raise the cost.

JamesWhite-mbmg
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Law makers don’t have to live in the world that they create. Make terms shorter and no life benefits.

Abcdefghijk
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Yah I love how the ways to reduce your cost requires people to extend credit and spend more money. 🙄

ashlaunicaalpari
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It's not just the seniors that will suffer from this, many people will lose their homes just like in 2008 when one out of every 5 homes were in foreclosure. This is truly sad.

Sojourner_
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If you cannot afford the insurance bill, how can you afford the fixes this expert recommends?? Many of those ‘upgrades’ with the new FL hurricane standards are extremely expensive! FL needs a special session to get this resolved. These elderly and disabled have FIXED incomes. Maybe the insurance company exec’s should take a huge pay cut? State Farm CEO 2020 salary: $20, 266, 505.62; Allstate CEO $18, 009, 544 …….

pamela
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Insurance is a scam. Its required, but your punished if you use it. If you don't use it, cost go up anyway

mrs.p
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So sorry for Americans!! Get ripped off in insurance, health and sounds like your pensions are pretty low too. For such a rich country its people are treated with contempt.

valsyaranamual
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Not one of those tips really helps because the insurance companies may give you a discount - just to take it away the next year.

jenniferpecha
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Call me a fool, but I cancelled mine..

doorguru
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My heart goes out to the man on disability. He looks like a law abiding citizen.

kathleenmckeithen
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If the home insurance issue gets much worse, it will turn into a mortgage crisis as well.

boblynch
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I'd blame on all the scam roofers in last couple years

jamesalpiopatton
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AAA home insurance have set deductibles. That they will never say that any damage is more than. There only intention is to offer an affordable rate, to collect premiums and go against any rate that contractors are willing to work for. Scam all the way around.

racheldawkins
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You can't afford home owners insurance ? Sell your house and rent a place.

elir
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Looks like Ron DeSantis is making America great again!

jwpirih
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DeSantis tax break in Florida history will afford you a pack of bubble gum. Good luck Florida.

cla
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Now is a good time for these republicans to shine by getting involved in fixing this issue. However, noooo they wont but wait until November when I and a few friends vote to dump them.

l.ls.
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Ceos need to experience karma…. Maybe the people that become homeless should get together and make a “ plan”

damiansgaragebuilds
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Terrible reporting, no one will come to help this man. Discounts, really that won’t help much and cost a bunch of money

mikehamm
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Please let's see if the Republicans fixes this storm that is raging.

BishezicespiceFAN