Central Floridians who drop homeowner’s insurance coverage expose themselves to risk from hurricane damage
Today’s South Florida Sun-Sentinel reports about homeowners who are choosing to “go bare” when it comes to windstorm coverage after seeing their property insurance double, or in some cases triple, after the 2004 and 2005 hurricane seasons. The added prospect of having to shell out money for repairs after paying insurance premiums for years only adds insult to injury.
This new option is only for people who own their homes and don’t have a mortgage. I don’t recommend it. In 2004, when Hurricane Ivan hit, I met with many people in the panhandle and Central Florida who were devastated because they did not have adequate homeowners insurance to cover their property losses. I will never forget the look of despair and fear on their faces.
Insurance companies do not always do the right thing. If you are the victim of the insurance company’s delay tactics and frivolous denials, you may have to hire an attorney to protect your rights against an insurance company and allow a group of six jurors to settle the dispute at trial.
