[GOPJ]

Home insurance is so high in Florida I’m thinking of going the self insured route. It would be scary for the first few years...

[Openurmind]

“Home insurance is so high in Florida I’m thinking of going the self insured route. It would be scary for the first few years...”

Look into Bonds... Many states now allow this as “proof of financial liability” on autos. Could be an option to replace home insurance also depending on the financial institution if it is not paid for.

[ProtectOurFreedom]

That would be really scary, for sure. If you have a mortgage, the bank requires insurance.

Our daughter in CA just had her policy cancelled. Many companies are no longer writing CA policies. All because of poor forest management pushed on the state by the envirokooks.

[SaxxonWoods]

I must be in the lowest insurance area of the USA. House value: $630k, annual insurance cost, $1,319.

[Tolerance Sucks Rocks]

How do you self-insure?

[NautiNurse]

I'm with you! Talked to a friend today who lived on a barrier island, insurance naked for 15 years. Now that is brave--or something! They put their kids through college with the money saved.

I'm keeping flood insurance.

[Keyhopper]

I’ve been in my house 35 years never had a claim. They said my roof was old, so I got a new roof, they cancelled me anyway.
Paid off the house, POOF no more insurance.
Then they called and could get me a new policy at almost triple what I was paying.
Sorry, no thanks

[Gaffer]

The problem with that route is your mortgage holder if you have one. I can see PMI going up for homeowners with electric vehicles and/or in areas where weather can be a problem.