I read with interest Randy Schultz’s column “Legislature stalled on property insurance” and concur that it is financially impossible to insure all South Florida homes against a worst-case-scenario hurricane and resent that the best the insurance companies can come up with is reinsurance. I resent it that someone in a foreign country is getting fat off of my insurance premiums.
We have installed every storm protection device the column mentioned and then some, and still pay an outrageous $3,500 per year, and probably more next year. Every homeowner in this country has a horse in this race, so to speak. Earthquakes, volcano eruptions, massive floods, forest fires. drought, mudslides, blizzards, tornadoes and civil insurrections, you name it. Perhaps the time has come to consider a national disaster insurance plan, so every homeowner shares equally the liability for any disaster and creates a fair average cost of premiums.
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