Another bill was introduced to Congress on Friday to reduce the costs of insurance premiums for homeowners in disaster-prone areas . But really, how far will this bill go? It's failed before, so are they really going to pass it this time around?
"The bill would create a voluntary, market-driven national catastrophic fund designed to lower the cost of insuring homes in areas where the threat of hurricanes, floods and earthquakes have sent premiums skyrocketing. It also would make federal loans available to assist in rebuilding states hit by natural disasters."
More and more people can't afford the high insurance premiums in Florida. Some people's premiums have doubled and tripled over the last year or two. That's absolutely ridiculous!! Between the taxes and insurance in Florida, it's almost like having another mortgage payment each month for some people. And for senior citizens on fixed incomes....they just can't do it.
I certainly hope they do something about this issue and SOON!! These ridiculous costs are driving people out of our state.