7. Hurricane Insurance Premiums are basically a scam
As we mentioned below, hurricanes are quite frequent in this state. So, it’s absolutely necessary to get hurricane insurance in order to get covered in the worst-case scenario. But the thing is, in the end, it may not even cover much. And here’s why.
When retirees move to Florida, they are shocked to discover that the deductibles for hurricane insurance range from 2% to 5%. If you’re lucky you can get up to 10% of the policy coverage.
It would be terrible if you would have your house or car destroyed and you wouldn’t be able to cover not even 10% of the damage.
7 thoughts on “9 Reasons You Shouldn’t Retire In Florida”
No thank you. I have problems where I live now in Tennessee, but those sound much worse.
I have another reason not to move there and his name is Ron De Santis
I love it.
Been to FL three times in Motorhome in the Winter. Bugs were terrible. Very expensive.
I lived in Florida for 60 years & finally escaped to North Carolina after retirement. Everything mentioned in article is absolutely true. The primary reason for my departure was the unbearable heat & humidity which seemed to bother me more as I aged.
So very glad I don’t live there anymore.
This article is so biased I can’t believe a word. My pool costs me about $20 a month and is a bargain. No bugs, fewer wierdos than any other state, cleaner, spacier, and hot; yes, but certainly bearable. Better value, better governance, and I carry no house insurance. I self insure, and after 10 years, am far ahead. I may get caught, but can afford it. Tennis, golf year round. What’s not to like. Leo Pfeiffer leopfeiffer@aol.com
I’ve lived in Florida for the last thirty years , and I wouldn’t live anywhere else . I’m originally from Buffalo NY and would never go back to live there .