When it comes to home insurance in Florida there is no doubt a crisis in the making. In all seriousness, Florida is 1 hurricane away from complete bankruptcy. There are countless articles all talking about the problems, the shortfalls, and the Consumer Choice bill which aims to correct the problem.
MyFloridaInsurance.info Launches Home Insurance Florida Initiative
Our options are to either pay more for our home insurance now, or pay more taxes (assessments on our auto insurance, homeowners insurance, personal articles, umbrellas, etc) in the future. 30 years in to the future, maybe more. So now, we will be placing higher insurance premiums on our children, maybe even our grandchildren.
Thankfully there are people and groups who recognize Florida’s troubled situation and are trying to help. Among them are Former Governor Jeb Bush, the government watchdog Florida TaxWatch, Representative Bill Proctor, Senate hopeful Marco Rubio, and more recently Rudy Giuliani.
The main opponent to the Consumer Choice bill is Gov. Charlie Crist. Last year he vetoed the bill after passing the House and Senate with large majorities in both. This year they will plan on voting earlier in the legislative session in case Gov. Charlie Crist plans on vetoing it again they can override his veto and turn it into law themselves. Crist seems to think he has done a fine job of insurance in Florida and supports his own method of prayer for protecting homes in Florida from hurricanes. No matter what your faith is, Florida can not rely on prayer alone to protect us from natural disasters.
If you can seriously complain about desiring a company that will pay your claim after a disaster, or wanting artificially low rates, there is always Citizens Property Insurance for your convenience.
It is completely up to us at this point. We must decide if we can handle our own insurance responsibilities or pass the buck to our kids and grandkids. If you are in support of the Consumer Choice bill, write your elected officials and call their offices. Together we can fix this home insurance in Florida.