Posted On: June 2, 2004, 4:20 pm CDT

Posted By: L. Scheiner

I live two blocks each way from the beach and intercoastal on Miami Beach. Maybe people might think I'm rich for living here, but quite the contrary. We've been living here for over 30 years. My husband is in his 50's on disability and I'm in my 50's and may need to go back to work. And if I do, I STILL won't be able to pay the annual combined insurance bill of $5,550.00!
We saw our Homeowner's jump from $600.00 to $1300.00 in two years. We saw our Wind coverage jump from $900.00 to now..a WOPPING $3500.00! Our Flood is still in the mid $500.00's but I'm sure that will go up soon too. Meanwhile, the deductibles have gone up too, so in the case we need to make a claim, we have to consider that cost as well.

It seems to me that they don't want to insure us down here in S. Florida or they leave us a very slim choice. My husand and I are considering self-insuring and to hell with these AL CAPONES.

WE CANNOT AFFORD INSURANCE AS IT IS NOW!