Florida's Insurance Crisis

[pmd8]

Don't worry about the Panhandle. It's exempt from the stricter building codes. According to the powers that be, the trees will protect the houses from the winds.

I'll have to send them my photo of a 50 foot Norfolk Pine which was flipped 180 degrees and impaled a roof during Andrew.

 

[TooFarTampa]

Don't worry about the Panhandle. It's exempt from the stricter building codes. According to the powers that be, the trees will protect the houses from the winds.

I'll have to send them my photo of a 50 foot Norfolk Pine which was flipped 180 degrees and impaled a roof during Andrew.

Not for long. That law is about to be rewritten as well. :clap_1:

(For those wondering: any homes built in mid-2003 or more recently that are located within 1 mile of the coast -- which accounts for many of the homes in SoWal -- are subject to the stricter statewide "Miami-Dade" building codes that took effect that year.)

 

[SHELLY]

Not for long. That law is about to be rewritten as well. :clap_1:

(For those wondering: any homes built in mid-2003 or more recently that are located within 1 mile of the coast -- which accounts for many of the homes in SoWal -- are subject to the stricter statewide "Miami-Dade" building codes that took effect that year.)

The builders and developers who've been fighting to keep the stricter building codes at bay in the Panhandle <cough: by greasing the political skids> have finally met their match from the uproar for lower insurance rates by the rest of Florida. That will put much more stress on the chances of building afforadable housing to support the panhandle's "service economy." The days of the SoWal $20.00 Happy Meal are nigh.

 

[Bobby J]

Here is a summary of what was passed. The Governor has yet to sign, but is
expected to. Welcome to Florida, the socialized insurance state!

 

[Buckhead Rick]

The main reason the in land property has to partly support the coastal property as far as afforable insurance is because without the coastal the state would be called Kansas.

 

[Bobby J]

The main reason the in land property has to partly support the coastal property as far as afforable insurance is because without the coastal the state would be called Kansas.

What do you mean by this?

 

[SHELLY]

The main reason the in land property has to partly support the coastal property as far as afforable insurance is because without the coastal the state would be called Kansas.

I heard the reason the inland properties subsidized the coastal properties was because the beach-front houses and condos provided them with storm surge protection.


.

 

[Beachbummette]

The main reason the in land property has to partly support the coastal property as far as afforable insurance is because without the coastal the state would be called Kansas.

Ditto! Ditto!

 

[flyforfun]

I heard the reason the inland properties subsidized the coastal properties was because the beach-front houses and condos provided them with storm surge protection.


.

Never thought about being surge protection, but heck yea! Good point! Build more condos!

 

[seacliffes]

I heard the reason the inland properties subsidized the coastal properties was because the beach-front houses and condos provided them with storm surge protection.


.

Subsidized(?)
Kind of like the way we coastal homeowners subsidize the rest of the county with our higher property taxes....... Not to mention the inland ancillary businesses benefiting from tourism dollars and the resulting sales taxes coastal properties generate that "inland" residents benefit from....

Somehow I think this is a two way street, all things considered