AS YOU KNOW WE ARE HEAVILY INVESTED IN FLORIDA. GOOD DECISION, I THINK. PRICES ARE STILL RISING AND IT LOOKS LIKE WE ARE NOT PARTICIPATING IN ANY DOWN
Well, some markets are still rising in FLA, the majority is not. What we were concerned about was the fact that we as foreigners can’t get insurance (flood, hurricane etc.) or only at great expense. This has become a real big deal for ALL Floridians now. Flood insurance is now mandatory. The incessant floods and storms have bankrupted Florida insurers. Below note these companies that are going bankrupt … just at year end: Insurers in Liquidation AMERICAN CAPITAL ASSURANCE CORPORATION, AVATAR PROPERTY AND CASUALTY INSURANCE COMPANY, FEDNAT INSURANCE COMPANY, FLORIDA SPECIALTY INSURANCE COMPANY, GUARANTEE INSURANCE COMPANY, GULFSTREAM PROPERTY AND CASUALTY INSURANCE COMPANY, PHYSICIANS UNITED PLAN, INC.SOUTHERN FIDELITY INSURANCE COMPANY, ST. JOHNS INSURANCE COMPANY, INC., UNITED PROPERTY AND CASUALTY INSURANCE COMPANY, UNIVERSAL HEALTH CARE INSURANCE COMPANY, INC. UNIVERSAL HEALTH CARE, INC., WESTON PROPERTY & CASUALTY INSURANCE COMPANY, WINDHAVEN INSURANCE COMPANY.