SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: tejek who wrote (200859)9/8/2004 12:00:45 PM
From: Road Walker  Read Replies (1) of 1573901
 
re: However, while you do have insurance, the deductible is substantive and the coverage is bare bones. In other words, the owner has to cough up when there is major damage.

I would not be surprised if something similar exists in FLA.

It does. The deductibles are not the same as other states... instead of a fixed dollar amount, say $500, you have a percent. Usually 2% or 5% of the homes value. And it is per incident... some some folks that got damage from Charley and then from Francis will end up paying two deductibles.

After Andrew, most of the insurance companies threatened to move out of FL. So the state set up a fund that collects a portion of the very high premiums we pay. The insurance companies are limited in their cap liability, the rest comes from the fund. And as I posted before FEMA is funded from premiums.

So I don't think the Federal tax payer (or insurance payer) is hurt too bad from these hurricanes. We make our bed here in Florida and we pretty much pay for it.

John
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News