Comments by "" (@commonsense6967) on "60% RATE HIKE Coming To An Insurance Near You" video.

  1. I'm in N. FL, have been here for years, and unless you have a house on or near the beach, homeowners' insurance not going up except in single digits here (for now.) Property taxes cannot go up more than 3% per year, that's FL law. BUT, new buyers need to stop confusing that fact with the property valuation readsessment that will happen the Jan. 1 of the year following their home or property purchase. THAT reassessment is based on the PRICE they paid for the property. So...if you bought your house from someone who had owned it for many years, your reassessment will probably be MUCH higher than the taxes the previous owner paid.
    12
  2. Self-insure. I think we can allsee where these increases are headed.
    10
  3. I'm in N. FL, and just paid an annual State Farm insurance payment for a 3 BR, 1 BA rental house that I've owned for decades. Total annual cost is still just under 1K. That includes a 10% hurricane deductible, though. Perhaps your mom needs to self-insure. That's what I'm doing with my homesteaded property.
    9
  4. I like N. FL. Grew up in "Old FL" in PB County, but it's been ruined, IMO. N. FL still a bit more like S. GA, and much less expensive than farther south. Weather better, too.
    3
  5.  @kingbradentucky Not true, and FL gets fewer federal dollars than you think! FL has a budget SURPLUS, while blue states run a deficit every year!
    3
  6.  @kylelapre2945  Just for comparison, I have a 3 BR old house in N. FL that I rent to long-time tenants for less that $1300 per month! It's 1200+ sq. feet plus a deck, carport and big backyard. Key West area is the most expensive in the state! Not everywhere in FL is overly-expensive.
    3
  7. I inherited property in NC, and looked into selling it (two vacant lots in a golf-course community.) Was shocked to learn that realtors there charge 10% commission, and the NC state laws require that the seller use a licensed NC attorney to transfer the property! Ripoff laws.
    3
  8. Property taxes CANNOT go up more than 3% per year, as per FL statutes. That's usually what mine go up each year on my homesteaded property. Investment property taxes can go up as much as 10% per year, as mine usually do. It's all right there in FL Statutes, for anyone to read.
    2
  9. Michael, where exactly are you getting this info on homeowners' insurance rates increasing at these amounts?? I still have a single-family rental (non-homeowner's) policy that renewed this month, and it "only" went up about 9%. State Farm in N. FL.
    2
  10. ESG has been outlawed in FL, at least as it applies to the state's investments in pension funds and such.
    2
  11. Me, too! Self-insurance avoids the stress and anxiety, and when and if something happens, we won't be having to wait around for insurance to pay out ( or not.)
    2
  12. Self-insure and avoid the stress. 😊
    1