Insurance Reform Hurts All But Those Who Use It

State lawmakers in Florida have recently passed a bill that will spread the cost of windstorm insurance across the state. So instead of those that need the insurance paying for the insurance, which is usually what happens with home and auto insurance policies, the state is spreading the cost across the state so that those that need it can pay less for it.

They are spreading the costs of windstorm insurance across home and auto policies in other parts of the state, and many are unhappy about it. Those that currently pay for the insurance don’t think that they should have to incur the high costs and that it is only fair that everyone pay their fair share.

However, people in other parts of the state point out that many of those that need the windstorm insurance live in some of the most affluent parts of the state, and if they don’t want to pay the insurance then they should move. They say that if they could afford to live in those areas that they would expect to pay higher insurance policies as well.

According to the Property Casualty Insurers that were commissioned, if a modest hurricane should hit the West Palm Beach area, and come across like it did years ago, then people in Key West and Miami would save over a thousand dollars a year on their home owners policies, while places like Orlando, Jacksonville, Tampa and Tallahassee would pay more for their auto insurance.
 

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