Posted On: January 6, 2007, 2:58 pm CST

Posted By: ray balaamababa

Scott: sorry you feel as though your
Florida reps have sold you out in the past, but your argument is essentially for a socialistic approach to national insurance rates because your current rates do not suit you. You complain about your property value, and property taxes going up, yet you fail to realize your property is located in a much more vulnerable location than most others.

Sorry, the rest of us do not want to pay for your decision to live near the coast.

If Allstate, State Farm, or whoever makes billions in profits in other states and loses money in Florida, your darn right they should be raising your rates, not the rates of others in the country.

Someone earlier wrote about the choice of building a house on railroad tracks; yeah, it's likely the house will be hit by a train, but he liked the view and didn't want to move. Insurance is regulated, if the carriers were really gouging you in Florida (it doesn't appear they are), there would be carriers moving in with lower rates to scoop up all that business they could write for a slightly less premium.

You live in a higher risk area, you should pay for the risk in your premiums.