Insurance going nuts in California and elsewhere too. All these massive pay-outs from flooding, fire, earthquake and claims are now being charged to the insurees so the insurors can recapture funds paid-out. Where does this end?

Haven't had any insurance problems here at all, not me or any clients I know of.  What kind of "requirements?"

Sometimes when it rains, it pours. . .  

My insurance agent, while active in the Florida market, retired and moved to the Carolina's a few years after I moved to Chicago. Florida has many insurance pitfalls. Good luck!

Diana Zuccaro was talking about this recently. Nothing going crazy around here in IL.

Before moving to Florida, retirees now need to check on the availability and the cost of insurance.

So many continual issues in Florida, I can understand why insurance companies may be looking to insulate themselves from future payouts.

Yes, insurance companies in Florida are pulling out of the state and giving the remainder of the companies the opportunity to charge higher rates.

Eve

Peter, Are you asking about insurance in general or specifically homeowners or auto?  I posted a few months ago about the increase to our auto insurance and ended up changing companies to get a slightly more reasonable premium. Our HO policy (condo) went up some this year but not that bad considering we are on the coast. 

I have heard from owners of SFRs that their HO insurance companies said the increase was due to fraud from the hailstorm last year. Apparently some unscruplous roofing contractors offered "free"inspections then replaced the roof as a damage claim to the insurance company. There was legislation passed in FL this year that is supposed to prevent that type of thing from happening in the future but I don't know the details.

What kind of requirements are you seeing? I know of one insurance company that requires their buyer to go above and beyond what others are requiring such as sending them a home inspection and making repairs. Otherwise, we're not seeing big issues in NC.

Whew ... I hope you get the help you need Peter Mohylsky. Broker -BRIX REALTY 

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