this post was submitted on 13 Oct 2024
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[–] [email protected] 72 points 1 month ago (18 children)

This is why insurance should be nationalized as part of your taxes.

Anyone thats not a brainwashed rightwing lunatic would see that paying 100-300 dollars a year on taxes would be a hell of a lot better than 100+ dollars a month just to buy a CEO a golden parachute and another yacht

But as long as right wing lunatics are out there literally hunting aid workers and evaluators, its never gonna happen.. because they want misery, pain, and destruction. its why Project 2025 wants to get rid of all of it.

[–] [email protected] 18 points 1 month ago (3 children)

Even making it a state plan would work better in Florida than what we currently have. They let private insurers cherry pick the less risky houses, and cover whoever is left with the state plan. Then those private for profit insurers take the premiums, pay big bonuses to themselves, dissolve the company and leave, rinse and repeat. It's a scam.

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[–] [email protected] -4 points 1 month ago (1 children)

The down vote shows you hit a nerve...

[–] [email protected] 10 points 1 month ago (4 children)

Why should taxpayers subsidize someone's dumb decision to buy a Florida beach house?

[–] [email protected] 6 points 1 month ago* (last edited 1 month ago) (8 children)

"Why should I have to pay for YOUR kids to go to school?"

"Why should I pay for social safety nets when I'm well off?"

"Why should I pay for roads when I don't drive?"

Because there will come a day where you may need the help, and it wont be there cause your pigheaded myopia, and then you'll cry and cry about the unfairness of it all and maybe, just maybe, if you have a functioning neuron in that brain of yours, that maybe the fraction of a cent of yours that actually goes to help people isnt such a bad thing afterall

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[–] [email protected] 50 points 1 month ago (2 children)

Insurance companies save money by denying claims on a normal day. Paying to rebuild an entire state would jeopardize the big number going up and thus executive bonuses.

They won't be paying claims. They're not going to pay to rebuild a house that their models say will be knocked down again in 2-3 years by the next "storm of the century." Insurance companies exist to extract wealth, not to help people. And they will always have more lawyers than you.

[–] [email protected] 6 points 1 month ago

But do they have more lawyers than the banks? Most of those houses are actually the bank's houses.

[–] [email protected] 18 points 1 month ago

They also have all kinds of weasel options in their coverage. "Sorry, you were covered for wind, not flood" They'll avoid paying any way they can.

[–] [email protected] 23 points 1 month ago (3 children)

I feel bad for the Tampa homeowner who discovered homes in their neighborhood used to be worth seven figures and are now worth low six figures.

I think we all predicted that kind of thing would happen somewhere someday, and Florida is one of those top places on the list, but even so, we should be sympathetic. You never really think this kind of thing is going to happen to you, after all. Best of luck to everyone whose homes were destroyed.

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[–] [email protected] 73 points 1 month ago (1 children)

Florida needs to stop rebuilding in the barrier islands. It's unfortunate for the people that live there, but this is going to keep happening over and over again.

Just plant mangroves and let them do their job of protecting the mainland.

[–] [email protected] 24 points 1 month ago (1 children)

Stop building on the coasts in general. leave them as natural barriers and wonders, rather than having a 800 foot tall hotel 3 feet from the seawater.

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[–] [email protected] 55 points 1 month ago (1 children)

Anyone that rebuilds in place after their whole house is destroyed is nuts.. if you get insurance payout.. this is your chance to move.

[–] [email protected] 5 points 1 month ago (4 children)

And we should demand that insurers stop paying for shit that we could predict. They should fill Florida with recyclable stuff as a big landfill and with rocks, then just drop a few invasive tree species, elephants, lions etc and put a big fence around the place. Then each year we would only need to rescue animals and not people. Rescuing animals is far more inconsequential. Nobody cares if the animals are homeless, but everyone hates homeless people.

[–] [email protected] 6 points 1 month ago (1 children)

Insurance exists to pay out. We don't need to give them more reasons to deny people. Making laws to prevent rebuilding is the real answer.

[–] [email protected] -3 points 1 month ago

I'm being sarcastic ofcourse. Let me get my beer out of the fridge....who put this elephant 🐘 in here! I've told you guys to never put an elephant in the fridge when there's already a giraffe 🦒 in there! LOL.

Florida was interesting to briefly visit. But at this cost, we might as well give it back to nature.

[–] [email protected] 16 points 1 month ago

Insurers have this in their pricing. Which is why you see some withdrawing completely, some offer stripped insurance that won't cover this and the ones that will still offer hurricane coverage will do so at prices that will cover their exposure.. and that will be prohibitively expensive for most.

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[–] [email protected] 71 points 1 month ago

Welcome to climate change. This is just the tip of the iceberg: things are just going to continue getting worse and worse each and every year.

[–] [email protected] 11 points 1 month ago (2 children)

Who could have seen this coming?

[–] [email protected] 12 points 1 month ago

The insurance companies saw this coming. That's why they have the clauses that exclude flood damage.

[–] [email protected] 25 points 1 month ago (1 children)

If only climate scientists had warned us 50 years ago we probably could have done something.

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[–] [email protected] 41 points 1 month ago (5 children)

If your insurance only covers 50% of the property value it is essentially useless.

This is absolutely insane.

[–] [email protected] 7 points 1 month ago

My in-laws learned this the hard way after a total loss fire. Their insurance covered the current value of the house, not the cost to move/replace it in a total loss scenario, so now they have a big mortgage for their new house when the old one was nearly entirely paid off

[–] [email protected] -2 points 1 month ago (1 children)

That's why you get AFLAC for the other stuff.

[–] [email protected] 3 points 1 month ago (1 children)

Ah so just purchase more insurance for the things the insurance I already pay for doesn't cover?

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[–] [email protected] 22 points 1 month ago

Wait until you hear about the deductible... where I am (not earthquake country by any means) the deductible was $80k. I sad pass on that.

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