Hurricane risk has been grossly exaggerated for years. Every year people say it will be the end of Florida as we know it. But those promised hurricanes never come. The worst is some flooding and damage at coastal areas, but it’s always anti-climactic.
The real reason insurance is high is because of fraudulent claim risk. Hurricanes themselves are more or less a solved problem in Florida. That data is useless.
The real reason insurance is high is because of fraudulent claim risk. Hurricanes themselves are more or less a solved problem in Florida. That data is useless.