Originally Posted by scoreman

What is setting a terrible record is the cost of insuring homes.
2002 rates raised 10%
2003 rates raised 20%
2004 rates raised 17%
2005 rates raised 16% + 6.8% special assessment
2006 rates raised 48% + 11% special assessment

These are just the averages statewide in florida. If you live near or on the ocean, its much higher. Last year some waterfront properties saw their rates double and are looking at 72% increases again this year.

If you have a home in 2001 with a homeowners/windstorm policy that cost $2000, in 2006 that same policy has tripled to about $6000. We are not talking about insuring mansions here, this is for 3/2 homes with about 2500sf.