I live in FL and know that a lot of condos have been dropped and are
having problems getting insurance. I am a private home owner with
separate flood insurance....I am assuming the insurance amount you
mentioned was for both flood and windstorm.

I have a 1600 sq foot home and the structure is insured for about
$110,00. I don't remember the amount for contents but it is a modest
amount - I think $50,000. Anyway, we pay $2000 for homeowners
including windstorm with a 2% deductible and another $180 for flood.
We are not in a high risk zone for flooding....it's more for peace of
mind.

So I think your amount may be what is considered reasonable today.
When I moved down here just a few months before Andrew, I paid $320 a
year for homeowners that first year and $130 for separate flood.

We have to find a better way to handle homeowners insurance. So many
home owners in FL are retirees on fixed incomes that many are having to
make some tough choices. I know that condo residents can't choose to
drop insurance the way private homeowners can but it is hard on
everyone.

Educate yourself about the candidates for governor and vote for one
that at least admits we have a huge problem and has some ideas about
how to fix it. Too many of the candidates are being glib and appear to
be clueless about how to fix the problem.














Tony Sivori wrote:
wrote:

Can anyone provide a sanity check? Does $12,000 for $900,000 of coverage
make sense...or is something up with our insurance company?

http://www.floodsmart.gov/floodsmart...cycoverage.jsp

--
Tony Sivori