I feel blessed to own my Port Charlotte home outright. I dumped my home insurance company in 2021 after they attemped to triple the annual premium. Instead I harden my home with hurricane shutters and a metal roof. Completed the upgrades just prior to Ian. Ian ripped some rain gutter from one side of my house, which I replaced at a cost that was far below any deductable one would be compelled to bear in an effort to make their premium "affordable".

You have described what I am going through. retired and living on a fixed income, almost willing to look into being self insured. Thousands of dollars going toward insurance crooks with no return, Thanks for the video.

So we are forced to get home insurance because the lending co. demands it........But if the insurance co. isn't paying on claims HOW does that help protect the lending Co. ??

I'm in Miami. I've been with State Farm for 40 years. I replaced my roof recently. Paid out of pocket. Brought straps up to code. My insurance went from 7600 down to 4200 after an inspection.

Florida got a rotten deal out of these insurance companies

I shake in fear every time I get a letter from my insurance company..its no way to live

I have a friend who has their roof damaged from Sally and they are still in court because their insurance company did not want to help cover the repair. They wouldn't even take a settlement option, so now they're going to be racking up court fees in addition to the repair.

Paid off inexpensive house...(200,000.00) Did 4 point inspection to get insurance, Quote last year $2,000.00.. This year $4,000.00... Self insured in N. Fl.

Mortgage holders are in the worst shape - especially retirees on fixed incomes. Mortgage holders are basically held hostage by the situation.

Pay off the house and self insurance looks like the way to go.

I'm paying over $5,000.00 a year on homeowner's insurance and have never made a claim in my life. Seriously thinking of dropping the insurance and using that money for hurricane mitigation instead. After a few years the house would be a fortress with all the upgrades.

I disagree with you. The problem is that Insurance companies want to provide insurance to people with ZERO risk. If you own a business, that fact has become very clear. They have also become excessively greedy. People pay for insurance for years and years. They pay far more into it than they will ever get back in an emergency. They do so, so that if and when they do have to make a claim with an insurance company that they can be made whole, but that is not the case anymore. Example: I lost my kitchen cabinets to a flood. There was also wall damage. The insurance adjuster came to my home and told me all the things that I needed done because of the damage. New cabinets, new walls, paint etc. Then they sent me a check for $5,000.00! So, I asked them, tell me who can I hire to do all that work for $5,000.00 and they said that is not their job. I said of course it is your job. You are telling me that I need all this work done to make my kitchen whole again. You are saying that all of the work will cost $5,000.00 to do, so who do you know that will do it for that? You get the point. They want to continually collect money from the people, but they do not want to have to payout. Insurance has become just another corporate scam to steal money from the people and the law backs them. (Homeowner's Insurance, Car Insurance etc.) It didn't used to be that way. You paid into insurance for 20-30 years and over that time you might make one claim and you WERE MADE WHOLE that one time. That does not happen anymore! I never did get those cabinets back. I lived in a kitchen with no bottom cabinets in it for years. We bought one cabinet with a sink in it just to function. It took us years to come up with the rest of the money to fix the kitchen. But we still had to keep paying our homeowners insurance every month though.

Got 3 quotes on my roof, last person said this is wind damage insurance will pay for this. To far into process to stop claim I find out his quote for the roof was 19K, other quotes I got were 12K. I ask insurance WHY are you paying this? Their answer basically that's what's approved for your area. I explained to them the other pricing and it fell on deaf ears. This is part of the problem in the insurance market no one is talking about, there willingness to over pay. Now this is in Georgia but still applies I'm sure.

I had water intrusion from a storm in February (Tampa area). Frontline insurance took until June to take action, which was to deny my claim. They sent out 3 "engineers" that determined the water intrusion was apparently my fault, being negligent on maintaining my home... EVEN THOUGH they sent an inspector to my house prior to issuing the policy. I guess that inspector must have missed "all the issues". Self-insuring now.

Yep. That's me between Medical , property and car insurance I'm in the hole $18,000 a year.

Thank you Brant!

Thanks for keeping us informed

I’ll never let anyone anywhere gaslight me into thinking that the $1150/month that goes to my landlord for my 2 bdrm apt is “throwing money away.” No I’m actually saving a shit ton of money and I have peace as a result.

I live in Miami in a town house which I own and it's 1200 square feet. My HOA insurance covers my roof and walls. So I have to just get dwelling insurance. I went from 1100 to 1200 to 1800 to 3900 and my renewed is in July and it went to 4100. I only qualify for citizen. So this is very true about the insurance.

Great video Brant...This country is slipping away...FJB

I pay $1700 a year home insurance and my home value is 400k. It’s over 100 HOI companies here and you just need to shop around. South FL middle class HOI cost about 5k annually

A 30 yr mortgage has to be the biggest scam to come out of the “American Dream.”

I’m retired and having trouble paying the insurance hikes to the point where I have to divide the payments throughout the year. I may have to sell if I don’t find an affordable company. Right now I have Citizens

The original origin and purpose of insurance: “the money or premium collected from the many paying the losses of a few”! The problem is that as civilization progressed from rural to an urban society people are now clustered together in subdivisions, etc. where one storm be it a hurricane, tornadoes, floods do awesome damage in a small area. Now multiply that into a 50 mile wide hurricane and now one understands why we now have situation that we do!! It ain’t gonna get better because insurance was not designed for the changes that have occurred in civilization. The only way insurance can exist today is that the states allow massive increases in premium to pay the losses of the many. Once this is allowed then losses can be promptly paid and states can audit the companies in their state and agree on what is a fair profit to the insurance companies. I’m a retired SF agent and State Farm needs a minimum increase in CA of 30% to remain solvent and pay their claims promptly. If CA doesn’t comply they are leaving the state. As I said earlier and will close with is that we are now a cluster living society and there was no if but when cluster living would become untenable!!

Brant I fully agree with you and insurance costs are killing me. Unfortunately 5 years ago my son was sick requiring a 120 day straight hospitalization. I was fortunate to have excellent health insurance and I believe that was a big part of his survival and recovery. The experience made me weary to not continue to pay for good insurance regardless of cost. The expenses of all my insurances take a large bite of my income but they also covered over 10million in hospital bills.

Floridians need to be afraid of Citizen's insurance not any other company. Citizens does not have the reserves to pay claims and they are backed by the state. If there is a major storm the state of FL will be paying those claims with your tax dollars for decades.

I had Erie Insurnace for 21 years in Virginia, moved to Florida and was cancelled. It's ridiculous.

Regarding inflation…what happens when inflation eventually goes down? Will they decrease your insurance premium because the cost of goods and labor has gone down? No, they won’t. I haven’t seen a significant increase (PA) in my premiums (home or car) in many years. Fingers crossed, but a lot of people keep saying “well, that’s everywhere “. Even if it’s most areas, it’s nothing like you are seeing in FL and TX.

Unfortunately, This happening in almost every state. I left IL because of how expensive insurance and property tax became (tornadoes/derechos/floods, bad drivers, inflation). Now it’s happening here. 😣

So we lost everything in 09 when did the Madison Florida 2019 right before the big bug I worked on her house the next 3 years I paid $40,000 for a fixer-upper they say it's worth $200 I don't know but it's much cheaper there than anywhere down there so I wish you much well and there's certainly a good area for you it's all matter timing I will pray that you find the right timing God bless Kevin and Donahue

Insurance companies saw people overpaying for homes, so they figured they will be willing to overpaying for Insurance too. Fat wallets and Insurance companies want a piece.

My wife is native american..she has done tons of realestate..super cool i remember the awards ceremonies..my wife has done banking..wait..my wife has done tons of insurance and has all of her licenses..shyt is crazy even in a state with 1.3 million people..and our dem governor has 16 billion spent more than the last 3 governors with nothing to show..

WHO ARE THESE INSURANCE COMPANIES WITH THIS BS SO THAT THE NATION CAN PUT THEM ON NOTICE!

Another fun fact is that the Floriduh legislature passed a bill if you need to sue your insurance company to make them take care of your claim. You will have to pay your own legal expenses not the insurance company who refused to take care of your damage. The Floriduh legislature has told the insurance companies that they will do anything they want them to do as long as the insurance companies stay in the state. Which is bad news for all Floridians who pay the highest homeowner insurance in the nation and car insurance is rising to be #1 as well

99% of the time you can never justify not having insurance. One serious situation and you could be paying more than 500k. Car accident you get sued for all parties medical and vehicle repairs. A health issue in America will cost hundreds of thousands of dollars. Someone gets injured on your property you might as well hand over the deed. You also lose all the lawyers the insurance companies pay for to protect you. It's bad advice to tell people to self insure

When you get to the health insurance Brant Rant, some info. I pay 6 times what I used to pay for health insurance and have an out-of-pocket twice what it used to be for appx 1/2 the coverage. However, I am covered just in case I get pregnant - unlikely since as a nearly 60-year-old male, I'm too old to get pregnant.... A few years ago, that joke was pretty funny....

😂 that first 10 seconds 😂 i live in FL so true 👍

De Santa’s has to regulate and subsidize-why not they give money to milk subsidies I’m not talking about government insurance ty

I get the updating the structure of a house. But I mean

Great information and the legislators are aware of these videos that are being placed on youtube and blogs. The main issue is legislation and lobbyists. an area that we cannot control. Florida senators and state representatives have to be messaged, written letters and visitations by all that are affected by this. with ongoing disasters across the entire nation, there is no way a insurance company can keep up with all the claims. What is the solution? on going increases given to the insurance companies the insurance commissioner board and legislators give the final approval. Inflation is another factor and that is supposed to be controlled federally. With the present administration in Washington, with a leader that gives our hard earned monies away to warring nations and developing nations for arms. We really need lots of prayers. insurance companies are not in it to protect us they are for profit and the goal is not to fund claims. Then the laws mandating the banks do not have to carry insurance coverage on loans and the person who has the loan must have insurance on the property when legally the bank holds the note until mortgage is paid off. The people in power making laws to protect Homeowners associations and is attorney driven and actually in Florida State statutes give the HOA to foreclose on a Homesteaded property and even charge 18 percent on late dues , fines, dues, and pick the providers for a community. also, take out million dollar loans by amending the covenants with just proxies. several times I have contacted senators and lawmakers yet, to no avail. These people go by the studies presented by the insurance companies and lobbyists that fund them for elections. lobbyists are legal by our constitution of the united states. it needs to be amended and its a fight because the lobbyists influence law makers of large corporations. Even if administrations change can they reverse the damage that has been done? 4 years is not enough. Really there is no homeownership if there is a mortgage, or taxes are not paid. imminent domain, capitalisms, which is not democracy. How do we control greed, price gouging, monopoly's, insurance companies are a cash cow and they have lots of monies coming in per month and the financial division of the company invests the monies into other business and then it drains their reserves for disasters. what is the solution? going bare? not able to with a mortgage, or a HOA. Its checkmate.

When the government mandate things we need but there’s almost a monopoly on whom pay what and how much we pay.Things will only continue to get worse because of greed & price gouging!!!!!

My Insurance has gone up 40% a year since 2020.

We have universal...did you say 2025 they also will get a 14% increase? We can't afford another up and literally would have to move out of this state.

STOP) MOVING T0 FLORIDA FIZ TOUR DAM STATE

Brant how do you feel about that new NAR stuff that drops mid August? Whole buyer contract thing...

They want the garbage to move out of Florida.

How are they allowed to get away with this?

This is not a crisis is by design 😮

It will backfire bc home OWNERS are cancelling those outrageous fees. Cheaper to rebuild a home or sell the land .

hey Brant where is that foot path? is that the airport? i would like to walk there. Live near Pensacola.

Inflation is not an issue 😡

My Citizens went up that much already..how is this news

The insurance situation will not improve. Hurricanes are occurring more frequently with increasing severity. They have become what medical insurance refers to as a ‘known condition’. Ever tried to get medical travel insurance with a heart condition? The same principle is at work here. Insurance companies traditionally cover disasters that MIGHT happen, not events that occur annually. The sad reality is that Florida is becoming uninsurable. Parts of Florida are likely only a few years away from government ‘buy back’ programs. This is already happening in disaster plagued areas in Canada and Australia.

Why have insurance rates skyrocketed? Partially due to building costs skyrocketing. Why are building costs skyrocketing? Two reasons. Firstly, a lot of construction was being done by illegal immigrants. Over the last decade or so the government has been cracking down on that, so Americans get the jobs. Great, except Americans are a lot more expensive. Someone has to pay for that, and that is home buyers and insurance company. Secondly, a lot of the basic building material is imported, such as timber from Canada, etc. Over the last decade the US has been using duties to stop or slow down imports in order to protect American producers and production jobs. Great. Except that American products are a lot more expensive that than the stuff that used to be imported from Canada and Mexico. Both of these two policies, namely immigration crackdown and protectionist import policies, have been politically popular. Well, these policies are not free, there is a substantial cost associated with them, a cost that homeowners are now paying. There are no free lunches in life.

State Farm is the way to go. The lowest price in the country.

People are also to blame. It should be used for near catastrophic losses. Not a"free roof" when a named storm goes by. Or $3k in flooring because the dishwasher leaks. All these claims add up to higher premiums

Everyone can leave Florida.

Who in their right mind says inflation isn't a problem aside from the white house mouth pieces? 😂😂 Prices on everything are insane. I feel like the CPI has been tampered with because food prices have over doubled in the past 2 years but the CPI says inflation is at 22% inflation since 2020.... Great information Brandt

I have zero sympathy for Florida residents. Live in hurricane alley you should expect high prices. No different than people who elect to live in floodplains.