Brandes pushes property insurance special session

[onethatcares]

3. every year Florida has a homeowners insurance problem

usually a special session is called and legislators return to Tallahassee to collect overtime, eat at fine restaurants and pretend they aren't scratching the insurance company's' bellies as they bemoan the rate increases they allow.

It's Florida dammit, what do you expect?

After buying a new old home three years ago it took 5 months to find a company that would insure it due to the type of exterior siding that was used in the 50s (asbestos) and removal and replacement of said siding would be a real financial burden for all those that have it.

So I have choices. Carry no insurance (own home), try to find a liability/fire policy only (ain't gonna happen), or take out a mortgage and let my mortgage company charge exorbitant rates along with the monthly payment, or take a policy with a high deductible and pray there's not a clause in the insurance contract that screws me over. (the one I ended up with).