And it's only getting worse, multiple carriers left La on 1-1-2024

Florida has become a nightmare.

There are still claims that haven’t been paid out following Hurricane Ian. That’s been 2+ years ago. There are still homes with tarps on the roof in Punta Gorda and Naples.

This has lead many to believe that if a major storm comes through the insurance companies may be insolvent. Meaning; they’ll collect premiums but make no payouts.

There has been a sharp increase in the number of people who own their homes outright choosing to self insure. Taking the money that would go towards homeowners insurance and instead putting it into something like a high yield savings account. Then crossing their fingers that they get lucky.

This whole mess is going to have disastrous consequences for the state of Florida if it is not reeled in. People and businesses are actively looking to leave the State. Ron DeSantis doesn’t know it yet; but, surging home/auto insurance and exploding property taxes are probably gonna cost him his job.

Self-insure seems like a good answer for those able to save up the replacement value of their home and put it into some kind of low-risk fund that can at least keep up with normal inflation.

Mine just went up 50%. Price of being able to live in this dump state. But hey.... the food is good, right?

I checked out that link and ran my options for my house in Covington.

Only option was Kin.

Pricing was comparable to what I’m paying now.


Problem with Kin is that it’s not backed by the LA guaranty fund. So if this dump of a company goes under and you have a claim with them, the LA guaranty find does NOT step in and pay for their insolvency.


This company is worst than the other dog shite companies writing policies here. At least those are backed by the LA Guaranty fund