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Home owner's insurance-- How much will it go up after Irma?

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  • ccather

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    How many policies will not be renewed?
    How well will the new "low cost" insurance providers fare facing their first major storm?

    Thought I would brighten everyone's day.
     

    Famine

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    After Andrew the large companies spun off Florida only companies to limit their exposure. State Farm Homeowners went bankrupt and was bailed out by State Farm Auto - to prevent a re-occurrence they created State Farm of Florida to prevent another major hurricane with huge losses from bankrupting the company again. So even insuring with a 'big' company has risks in the event of a catastrophic hurricane.
     
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