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dutch777

(3,516 posts)
2. I doubt there is a winning solution for homeowners in FL. If the state cracks down insurers will...
Thu Aug 17, 2023, 08:59 AM
Aug 2023

...flee or go bust. If all insurance ends up in the state's insurer of last resort program, while the profit mark up will be eliminated, the insured or the taxpayers will just get the bill after the next big storm in the form of higher rates or special assessments to keep the program solvent. DeSantis isn't big on protecting the little guy and as long as real estate sales are a profitable business and producing tax revenue, I doubt much will change. If the residential real estate market stagnates and the reason is that no one wants to buy into the sun, fun and high rate/no insurance market, then something will change.

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