Pete here's something to consider. Take your house, the chunk of dirt it sits on, and put it on the water. Same everything, but now one property line is on the water. I'd bet your property taxes would triple. Trust me, those folks are paying in more than their share

No they aren't! They never do, that's how they can afford to live Gulf front.

Right..... Keep dreaming Pete.

My dream is a huge bulldozer wiping Sanibel and Estero Islands clean.

If it makes you feel better. I live on the water so thanks for your support.

I don't live on the water so thanks for blocking public access and hogging a national treasure you don't own.

fwiw I think Lido Key got it right for the most part.

http://www.littoralsociety.org/about_us.aspx

It's a shame Florida isn't more active with this organizatin, we certainly need it.

Other things to consider. Two homes. One on a lake 8 feet above the 100 year high water mark was placed in a flood zone. One house 250 feet from the ocean 15 feet above sea level is not in a flood zone. Truth.
Pete
You can walk,play(but not land a sailboat beacuse of local regs) on any beach anywhere in the state. You just have to get there.

Tell me something I don't know.

Because of "local regs" there are beaches in the state where you can't take a picnic basket, cooler or even a bottle of water.

That's a big dream. Only a small percentage of the population has the brains, work ethic, managerial skills, luck, and resources to buy up that much high dollar property to turn it into a utopian playground.

You don't purchase a multi-million dollar home with your insurance premium savings

I don't have a particular problem with people purchasing multi-million dollar waterfront homes. I don't even have a particular problem with that home restricting my access to a beach (as long as the municipality is smart enough to designate some reasonable amount of public access)

My problem comes when they whine they can't afford the insurance on said home and need artificially reduced rates. Really? You just paid $7M CASH for this house (your second VACATION HOME by the way) and you can't afford a $12,000 wind policy? You gotta have other policyholders subsidize 20% of that? Really?

But, like I said, their property taxes probably level that off. It's financial ju-jitsu. I'd bet that $7m second vacation home coats them at least $30k a year in property taxes, whereas your normal house is a few thousand a year. It ends up in the kitty somewhere along the way.

Allstate has non-renewed us (for the second time). We should just throw them out for good, make Citizens the go to company, and pay policy holders a dividend.

If gubmint would really get behind public access (I give them a C+), it would go a long way to ending our housing crisis.

30K on 7mil. Way low. I pay 3K on a house that is taxable value of 175,000.
Allstate non renew twice, State farm once. Never had a claim.

Well, at least.....

My house is taxed at a value of around $120k, I pay $830 per year for property taxes.

Yes, the beachfront property pays a lot more in tax dollars (their tax rate, however, is lower), but they are also spent within their own town (municipality)borders only, so their tax dollars pay for landscaping on the roadways, the nice police cars (all 6 of them) and fire trucks (4-5 of them), their city managers 6 figure salary, and special parking areas for town residents only. Oh, they've got a boat storage rack for town residents only, too (sunfish/laser type stuff), but no mast-up storage and NO TRAILER PARKING (you have to use one of their boat launches at $5 per launch)

The rest of us working class "help" are delegated to the county gub-ment.

Maybe I don't get what tax dollars have to do with insurance subsidies, as they don't mix...?

And Citizens is currently so far upside down in terms of ability to pay losses, if it were the go-to carrier you'd be better off paying the loss yourself (which is what you will do eventually anyway)

I believe the meeting today is supposed to remove the 10% rate hike cap on Citizens, which (if approved) would hike premiums next year at least 30% in our area... joy


Oh, and looking at my TRIM notice, my tax rate is close to 13 mils... ouch

Now you're being inappropriate and obviously a troll.

Have all my policies with the same carrier..

Funny thing, the agent noted to me that my boat policy will only kick in when the boat is on the water... The auto and homeowners cover it when its not..

another interesting "quirk" here in my state...it is rare that a carrier would want the home AND auto/boat. Most auto/boat carriers want nothing to do with homeowner policy. The home carriers are undercapitalized and therefore can't take boat/auto in many cases... so you pretty much get screwed out of the "multipolicy discount" some offer.

There was a "race to the bottom" in auto coverage a short time ago, and plenty of SR-22 coverages out there which is why you should really make sure you've got good UM/UIM coverage. FL only requires $10,000/$20,000 liaiblity, which would just about cover a damaged bumper on many cars here.