“It’s not a government problem to fix unless they created it.”
The courts and FILLED with legal actions against Insurers. Some type of tort reform is needed, so, I see it as a GOV problem.
This is stupid almost beyond belief.
People build homes smack in the middle of Hurricane Alley and expect someone else to cover them at little or no cost. It’s a known risk and every few years the storms do billions of dollars in property damage.
Then people complain when insurance companies raise premiums to cover losses that anyone with an IQ above 70 could have seen coming.
It’s like building a house in a known flood plain and then acting surprised when a flood happens.
Insurance is a business. They calculate risks and charge accordingly.
L
Insurers replaced so many roofs after Irma in SWFL due to questionable claims. Roofing companies in cahoots with lawyers got roofs for many that did not need them. Now insurers have raised the deductable on hurricane damage and they prorate roof coverage. What this is doing is forcing people to replace their roofs prematurely to keep adequate coverage on the rest of the house or in order to sell it. If you’ve ever paid to replace a tile roof you know how incredibily expensive it is and you want to get maximum life from it. I know of a condo association that is under pressure to reroof in order to get insurance and the roof tile they have is only 12 years old and looks very good.