Insurance - all of em

[Dan40]

Originally Posted by 4RE KLR

Dan,
Unfortunately everyone's insurance in Florida went up to off-set the loses in your state. Even though most Floridians were not impacted by the Hurricanes, everyone is paying the price for it (them)

I completely understand the reason. We had TOTAL destruction of 2 bedrooms, the living room and the kitchen. The only things with no damage were one bedroom and 2 baths. Even my shop in the garage [UNDER the house] had some water damage. 8 feet of roof from east to west on the north end gone along with the entire gable end. and 4 feet of roof, east to west GONE from the south end. We lived in an 8 X 27' Camper on the lawn for 10 months while the place was rebuilt. But it was rebuilt like a fortress. Just the reinforcing in the trusses used more wood than the original trusses did. Cross bracing everywhere and 'rat runs' from one end to the other.
The roof sheathing is now all solid plywood, no OSB, and covered in 1/4" rubber under the metal roof, screwed down every 6 ". And steel shutters on every window.

That company refused to renew. They took it in the shorts so I don't blame them. New company gave us fits every other month over rates even tho the rebuild got top ratings for hurricane prep from a licensed contractor[from the ins, co.] the building inspector, the State inspector and a specialty inspector I hired. Then they said they would not renew due to being too close to the water! Next one, no problems or claims from me, and no new hurricane damage statewide, but they raise the rate out of sight?
I understand underwriting, how did the risk assessment change, dramatically, with no storms?