Jacksonville local report – Florida’s taxpayer funded “Insurer of Last Resort”, Citizens, denied a huge number of claims from Hurricane Debby, which hit in August.
Debby, rated as “only” a category 1, nevertheless caused more than a billion dollars in damages. The rub for policy holders is that the company pays for wind, not flood, damages.
And, don’t look for FEMA to pick up the slack.
Harsh series of wake up calls for Floridians this season.
Every property insurance policy should by law be required to put in large block letters: THIS POLICY DOES NOT COVER FLOOD DAMAGE
Insurance has always been a scam, only a matter of time …