Why Is Citizens Property Insurance Dropping South Florida Customers?



CBS4’s Bobeth Yates reports on the high costs for Broward and Miami-Dade homes, and how you can’t get coverage.

#cbsnewsmiami #homeinsurance #miamidade #browardcounty #broward #miami #fortlauderdale

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K Graham

9.1 = recession……durrr. good job voting for democrats…….hahaha!

Dreaming KLD

Rent has never decreased no matter what the housing market is. For insurance, people also need to educate themselves. People don't know what an insurance agent is or that homeowners insurance is like your car insurance, it's not a maintenance program. You need to maintain your home just like you do your car.

Mich LAW

Citizens insurance is crap , have you read the policies? The insurance companies are crooks insurance is for whatever the policy says its for not what people who are ignorant believe it says. If the insurance companies were so honest they would send an adjuter out after every storm, they expect you to report it when most can't and don't understand their policy in the first place. Insurance it to keep the property up period or otherwise why pay for insurance?

info781

Greedy lawyers and roofing contractors messed it up. Insurance is not there to give you a free roof every 20 years. Assignment of benefits is a nightmare.

Emmanuel Bediako

The savage side of uncheck capitalism

StayReal 78

Anyone hear the news guy mess up and say $22k

Douglas Lucas

In December I live free in Florida in my camper.

Tee Vee

It Is All About GREED. Almost 2 years how many homeowners didn't pay mortgages with escrows, 5 1/2 million households. Number of open cases for insurance cases under 300 yep three hundred in Florida. Research ,they are trying to recoup the losses during the closures. It is not only hurting the homeowners but renters heavily, the people haven't even recovered financially for all this greed by corporations.

Florida Gator

Prices are in a bubble! Somehow that needs to correct

AO

So if citizens is the last resort, what are banks going to do with loans on properties that can't get coverage?

paranoidandroid

If I was an insurance company, I wouldn't insure a swamp or marshy property that could unexpectedly open up at any given time.

Christine

Maybe if they homes fake property value want so high insurance wouldn’t drop them. Home value have doubled in 1yr. Whoever buys property in Miami dade is being robbed. .

Jim Souff

If there wasn't worried about all this other dumb stuff and start concentrating on the stuff that we actually need to get done there would have been get the stuff done but they concentrate on all this dumb stuff