We read this article and realize the seemingly insurmountable situation homeowners in Florida are facing. Being acutely aware of the lopsided risk ratios exacerbated by legislation spawning an explosion of property claims filed in the state that constitute almost EIGHTY PERCENT of all property claims filed in the COUNTRY, it creates a serious situation for mortgaged homeowners forced to pay insurance rates almost 200% more than the national average bundled on their payments.
Seeing as hurricanes are the bane of the Florida “experience” we have posted of a scary scenario occurring as we speak. RIGHT NOW ocean temperatures are at “bathtub” levels meaning they are at the highest recorded temperature ever and we are only in the middle of July.
History has shown us that the worst recorded hurricanes (Galveston 1900 was Sept 1) happen later in the season when the ocean has maximum time to heat up from the summer. Ocean temperatures at this level so early in the season spell disaster for Florida because ANY storm moving over it has ample resource to grow into Cat 4 or ..gasp…5.
And make no mistake, the storms, THEY WILL COME.
In addition, these elevated ocean temps have wreaked havoc on local marine ecosystems which carry long term impacts in other ways. We harbor serious trepidations on the looming hurricane season now in motion thru November and pray it is not as serious as it could be.