this post was submitted on 07 Oct 2024
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Is it even viable to live in Florida anymore
I lived in Florida almost my entire life until 2 months ago
No, it’s not. The whole state should be doing a slow, permanent evacuation. It’s too hot, too wet, and the hurricanes are only getting worse. It’ll be getting wet bulb events every July and then wiped away by hurricanes every October.
Insurance says no
No.
If it hasn't happened already then after this hurricane season there will not be a blade of grass that isn't zoned for flooding and in this state all flood zoned areas MUST be insured. And that insurance is expensive and rising. Some people pay more for flood insurance than for their actual mortgage.
Yes, Hurricane Ian caused $60 billion in insured losses and Florida's gross state product is $1.64 trillion (3.6 percent of GDP).
As natural disasters increase you'll probably see a lot of insurers pulling out and raising premiums even further, then government funding for reinsurance and possibly insurance only provided to properties that meet particular standards of natural disaster resistance.