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Originally Posted by Rich_in_Tampa
It's highly variable. Ours (nice neighborhood, Gulf Coast) went up 6%.
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Count yourself lucky for now. I suspect that in the next couple of years you will be feeling the pain.
FWIW, I don't think the FL insurance mess will be getting any better in the next few years. The primary companies are trying to charge enough to cover the risk, but its tough to get a regulator slap voters with a 200% rate increase. The reinsurers (at least those that didn't blow up last year) are writing some FL business, but they are limited by capital requirements and self-preservation. Meanwhile, three or four primary insurers went bust in the last year. One of teh ones that blew up did so because they couldn't get reinsurance.
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"And Jesus spake, 'Become thou now fishers of adjustable rate mortgages'" - New Conservative Bible
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