posted on October 24, 2005 11:51:59 AM new
This is a bad year for hurricanes, and from what I've heard, it's only going to get worse. What I wonder is, how will people in coastal towns be able to afford insurance in these areas? How will these places be able to rebuild if they just keep getting hit year after year?
posted on October 24, 2005 01:25:19 PM new
Most likely just like many have done when they either can't afford to pay their house taxes or their insurance....sell out and move.
This has been a long term debate about how often the government or insurance companies, thereby we taxpayers/premium payers, should continue paying to rebuild for those who suffer this type of damage over and over. Like for example all the homes some people and the insurance companies or government keep paying to rebuild....at the expense to others premiums/taxes.
Imo, if they can't get it insured or can't afford the insurance to rebuild their own homes/businesses then they take the risk themselves. It's nothing short of stupid to keep rebuilding the places that continually suffer these type of damages.
posted on October 24, 2005 05:23:38 PM new
Linda ... Surely you jest! Ok, practically all of California needs to move because, well, there are too many mudslides and earthquakes. Let's not forget the midwest and their wonderful tornados. All of Florida should just be wiped off the map -- way too many hurricanes. Let's also lose the entire coast of Texas, Alabama, and Mississippi. We should just inhabit the other "safe" states.
So now what do you think your premiums are going to be like? Let's not forget the car insurance that will skyrocket because you will now have all of the lovely car thiefs that make Miami/Dade's car insurance so high. Not to mention the great drivers who not only can't drive, but don't carry insurance. Homeowner premiums will go up because you will have the super citizens that have migrated to your "weather safe" state and start ripping off homes blind.
So ... Let's do it! Let's all migrate to Linda's weather safe state. She thinks her premiums are high now ... Ha ha ha ... Just wait until she sees what she will pay!
posted on October 24, 2005 05:38:01 PM new
Many areas on the coast can't afford insurance now. People will probably move back north. I've heard of several retired people that have lived in Fla. for years moving back north.
Insurance companies aren't in the business to lose money. They either have stock holders on they are a mutual company owned by the insured. 9-11 killer a few smaller insurance companies.
You hear so many bad things about the insurance companies trying to screw everyone. It's not usually the case, more people out there are screwing over the insurance companies. That's one reason our rates are so damn high.
posted on October 24, 2005 05:51:02 PM new
small insurance companies who take on mobile homes are still paying last year claims with this year premium.
ALLSTATE said they are not going to take on new policy in Florida.
posted on October 24, 2005 10:01:04 PM new
I live in Florida and used to own a house across from the beach. I know how painful it is to lose your home and your business after a hurricane, but I learned from my lesson.
I personally do not think others should have to support the lifestyle of the ones who make a conscious choice to live in hazardous areas.
These coastal areas stayed undeveloped for years because people could not get insurance and could not afford a loss if they had one. Now everyone is speculating that someone else will cover their losses. I don't feel we as a nation should pay for losses based on an individuals choice to gamble.
Wonder when we will ever see that option on a national referendum???
As for the ones who can't afford to move, we waste more than enough government money to replenish beaches and reconstuct roads lost to "natural" disasters. The money spent on fighting Mother nature could be used to move everyone to a safer location.
In the past, there were several towns in FL which were bought out and the residents moved to new homes due to river flooding. Why not do the same to coastal areas and only let the people who can afford to lose a house live there?
posted on October 25, 2005 09:23:17 AM new
There are some folks who plan on getting rich by losing their house and the contents.
Of course they could lose their life.
