55
Farmers Insurance is leaving Florida in latest blow to homeowners
(www.tampabay.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 11 Jul 2023
55 points (100.0% liked)
U.S. News
2247 readers
83 users here now
News about and pertaining to the United States and its people.
Please read what's functionally the mission statement before posting for the first time. We have a narrower definition of news than you might be accustomed to.
Guidelines for submissions:
- Post the original source of information as the link.
- If there is any Nazi imagery in the linked story, mark your post NSFW.
- If there is a paywall, provide an archive link in the body.
- Post using the original headline; edits for clarity (as in providing crucial info a clickbait hed omits) are fine.
- Social media is not a news source.
For World News, see the News community.
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 1 year ago
MODERATORS
There are some states ( I don’t live in FL, but I doubt they offer this type of insurance) that offer Perpetual Insurance. Which is where you pay upfront for coverage, and when you no longer need coverage you’re money is returned.
It costs a lot upfront, but you save a lot in the long run. And any state that offers this type of insurance, I recommend anyone with the means to jump on it.
You’re not wrong, but there are other options.
That's fascinating and I have not heard of this type of system before. Presumably in a system like that, they would still be returning the person's money when they left, though...