Along with the increase of food, services, fuel, and virtually everything else, where do the insurer’s think this money is going to come from? If you own more than one property, this can be crushing. Ten percent times how many properties you have. For the small investor with a few rentals, this is a killer. We (a small investor) don’t have deep pockets. It has to be passed on to the renters who struggle too. I am appalled, that at this time in our economy, especially in Florida, that this should pass. Someone is making out like a bandit on this, and it’s not Florida’s citizens.
You shouldn’t be upset at the insurance companies but you should be upset at all of your fellow homeowners and investors that have used their insurance policies as maintenance plans. I know people that have several rental properties and their home and they have opened claims on all their properties at the same time is this not obvious to anyone that at the end of the day we ALL have to pay for it . Lynnp where do you think the money to pay claims comes from a magical tree. I have been in this business for over 20 years and the explosion of claims that have come in after 2005 are unbelievable. Insurance policies have become part of the entitlement mentality that is ruining this country.
As an investor, it shouldn’t hurt you at all. Raise the rent on your next lease agreement $10 a month and you’ll be fine. As of now, you are the one making out like a bandit because your insurance rate is being subsidized by people who don’t even have Citizens policies. Is that fair to you?
Along with the increase of food, services, fuel, and virtually everything else, where do the insurer’s think this money is going to come from? If you own more than one property, this can be crushing. Ten percent times how many properties you have. For the small investor with a few rentals, this is a killer. We (a small investor) don’t have deep pockets. It has to be passed on to the renters who struggle too. I am appalled, that at this time in our economy, especially in Florida, that this should pass. Someone is making out like a bandit on this, and it’s not Florida’s citizens.
You shouldn’t be upset at the insurance companies but you should be upset at all of your fellow homeowners and investors that have used their insurance policies as maintenance plans. I know people that have several rental properties and their home and they have opened claims on all their properties at the same time is this not obvious to anyone that at the end of the day we ALL have to pay for it . Lynnp where do you think the money to pay claims comes from a magical tree. I have been in this business for over 20 years and the explosion of claims that have come in after 2005 are unbelievable. Insurance policies have become part of the entitlement mentality that is ruining this country.
As an investor, it shouldn’t hurt you at all. Raise the rent on your next lease agreement $10 a month and you’ll be fine. As of now, you are the one making out like a bandit because your insurance rate is being subsidized by people who don’t even have Citizens policies. Is that fair to you?
We just got a 42% rate increase! Thanks Citizens.