Explore the latest developments concerning David Jolly’s Plan.
David Jolly’s Plan to Cut Florida Homeowners Insurance by 60 to 70 Percent
Floridians pay the highest home insurance prices in America because every family is made to pay a private insurer to carry hurricane risk. Jolly's proposal moves that risk into one strong, state-backed fund. Here is how it works, what it costs, and what it saves.
Hurricane and wind risk makes up 60 to 70 percent of a Florida homeowners insurance bill. David Jolly's plan creates one strong, state-backed hurricane fund to carry that risk, so private insurers no longer have to price it into your policy. The fund is built to a financially sound level and backed by reinsurance before it covers anyone, and it is paid for by making insurance companies pay the taxes they currently avoid, along with other revenue that does not put the burden back on homeowners. Based on Insure.com's Florida calculator, that is the difference between $7,136 a year and $2,557 for a $300,000 home: about $4,500 a year, a 64 percent savings. And the rule that governs all of it: the costs will be lower for Floridians, or we won't do it.
What Donalds and Jolly each say they’ll do about property insurance rates
Anyone can view a sampling of recent comments, but you must be a Times subscriber to contribute. Log in above or subscribe here.
Conversations are opinions of our readers and are subject to the Community Guidelines.
The Tampa Bay Times e-Newspaper is a digital replica of the printed paper seven days a week that is available to read on desktop, mobile, and our app for subscribers only. To enjoy the e-Newspaper every day, please subscribe.
LIGE Digital Men Military Watch 50m Waterproof Wristwatch LED Quartz Clock Sport Watch Male Big Watches Men Relogios Masculino
Op-Ed: On insurance plans, why is Jolly embracing the DSA?
In a year in which we would expect Democrats to want to have a stronger chance in the Free State of Florida, it begs the question: why is David Jolly, the guy at the top of their ticket, taking a page from the Democratic Socialists of America playbook when it comes to his insurance policy plan?
I have lived in the Sunshine State for more than 30 years and spent more than two decades working in public policy. Insurance, particularly property insurance, is an incredibly thorny issue in Florida to navigate. It's an area of policy I have spent way more time on than any sane person should. And on this one, the last thing Floridians need is Jolly's socialism-lite approach.
For more detailed information, explore updates concerning David Jolly’s Plan.
0 Comments