Maybe the Florida insurance commission can mandate an end to hurricanes striking the Sunshine in order to stabilize prices for you ... or perhaps recognize insurance is a risk based industry that operates on a profit margin based on revenue being less than claim expenses.
You carefully ignore the over 50% to 90% increase requests EACH YEAR since 2005. Then, of course, the shenanigans in the SE after Mobile got clobbered by Katrina. Try to get a payoff there, if it could be construed to be water damage. State Farm screwed people for YEARS.
My little condo in West Kendall, Miami tripled twice when State Farm dumped us and we had to take the state version.
State Farm IS a mutual company ... so tell me, if you live in Montana, did YOUR homeowner's insurance rates triple in the last three years? How about Californians. Oklahomans? Washingtonians? (the State, not D.C.)
The idea was to spread the risk, not limit it to a state or group of states and then screw them when possible.
Bluntly, that's what State Farm homeowners has been doing across the board. Now, how's your fire insurance in Southern California been doing, lately?
Yes.
Are you saying that people in Montana should pay higher rates because people in coastal areas are building expensive homes that will need to be replaced at some future date in many cases?
People that live in high-risk areas should pay the costs of that decision. Not everyone.
Ignorant crap like this and the laws that get created as a result of this selfishness is why you don't have insurance.
When was the last time a hurricane hit Montana, California or Oklahoma? If you believe that the entire country should pay more so you beach goers can pay the same, then guess what, WE ALL END UP WITH GOVERNMENT RUN HOME INSURANCE. I'm sure they'll be far more responsive in paying out than State Farm was. Good luck with that.