Florida Home Owners Ins

mickeyd · 08-28-2006, 03:44 PM

I read an article a few weeks ago about the incredable cost of HO insurance in FL now. I do not recall the amounts involved, but I believe the story quoted an old rate in the hundreds of dollars and a current rate on the same house of thousands! Wow, what an increase!

I used to live in FL and do not recall that my HO premium was much different than NC, NJ, TX or anywhere else that I have owned a home.

If you are a FL home owner, What was your annual premium 5 years ago? What is it now? What was the % of increase?

73ss454 · 08-28-2006, 04:33 PM

We have a home in Fla. that we'll be moving to in Nov.

Last year home owners ins. was $800 this year over $1500.

OUCH!

kitty_37 · 08-28-2006, 04:50 PM

I own a rental home in Broward County and my homeowners went up last year from 700-ish to over 1200.

Where is Getmeouttahere? He owns in Ft. Lauderdale somewhere I think and knows alot!

**Rich_in_Tampa** · 08-28-2006, 05:30 PM

We went up 7% last year, but don't know what awaits next fall. Led to believe that the Gulf coast may have been hit a little lighter than the east coast, but hurricane season is not over yet.

modhatter · 08-28-2006, 11:55 PM

I live in Palm Beach County. My insurance went from $1,600 a year to $3,700 and my taxes are nearly $8,000. Guess who wants to move.

snowbird · 08-29-2006, 10:02 AM

Up 10% from last year ($600 to $660). Have only had the home 2 1/2 years. Home is ~10 miles west of Disney. Most of the large increases are for homes on the coasts I'm sure.

08-28-2006, 03:44 PM	#1
mickeyd Thinks s/he gets paid by the post Join Date: Apr 2004 Location: South Texas~29N/98W Posts: 2,175	Florida Home Owners Ins I read an article a few weeks ago about the incredable cost of HO insurance in FL now. I do not recall the amounts involved, but I believe the story quoted an old rate in the hundreds of dollars and a current rate on the same house of thousands! Wow, what an increase! I used to live in FL and do not recall that my HO premium was much different than NC, NJ, TX or anywhere else that I have owned a home. If you are a FL home owner, What was your annual premium 5 years ago? What is it now? What was the % of increase? __________________ Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx In dire need of: faster horses, younger woman, older whiskey, more money.

08-28-2006, 04:33 PM	#2
73ss454 Thinks s/he gets paid by the post Join Date: Oct 2004 Posts: 1,607	Re: Florida Home Owners Ins We have a home in Fla. that we'll be moving to in Nov. Last year home owners ins. was $800 this year over $1500. OUCH!

08-28-2006, 04:50 PM	#3
kitty_37 Dryer sheet wannabe Join Date: Aug 2005 Posts: 17	Re: Florida Home Owners Ins I own a rental home in Broward County and my homeowners went up last year from 700-ish to over 1200. Where is Getmeouttahere? He owns in Ft. Lauderdale somewhere I think and knows alot!

08-28-2006, 05:30 PM	#4
Rich_in_Tampa Moderator Join Date: Feb 2006 Location: Tampa Posts: 5,285	Re: Florida Home Owners Ins We went up 7% last year, but don't know what awaits next fall. Led to believe that the Gulf coast may have been hit a little lighter than the east coast, but hurricane season is not over yet. __________________ Rich Tampa, FL (10% retired) As if you didn't know..If the above message happens to contain medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any medical purpose whatsoever. Consult your own doctor for all medical advice.

08-28-2006, 11:55 PM	#5
modhatter Recycles dryer sheets Join Date: Aug 2005 Posts: 345	Re: Florida Home Owners Ins I live in Palm Beach County. My insurance went from $1,600 a year to $3,700 and my taxes are nearly $8,000. Guess who wants to move.

08-29-2006, 10:02 AM	#6
snowbird Dryer sheet aficionado Join Date: Jul 2004 Posts: 47	Re: Florida Home Owners Ins Up 10% from last year ($600 to $660). Have only had the home 2 1/2 years. Home is ~10 miles west of Disney. Most of the large increases are for homes on the coasts I'm sure.

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