how tf are they insuring hurricane prone floridians??? there is obviously massive corruption in the state but like this has to be some extra-predatory shit for some massive international insurance company to also be here
edit: I guess I had no idea what lloyd’s is. it’s a market of members not a company.
Lloyd’s schtick is that they will insure literally anything, but typically at the worst possible cost. If you have a mortgage in FL you’re required to have windstorm mitigation insurance, so if you’re between vendors and don’t want to go with Citizens (the state-backed insurer) they are usually your last resort — and in recent times, have been cheaper than Citizens (tho this is more to do with how terribly managed Citizens is than anything else).
how tf are they insuring hurricane prone floridians??? there is obviously massive corruption in the state but like this has to be some extra-predatory shit for some massive international insurance company to also be here
edit: I guess I had no idea what lloyd’s is. it’s a market of members not a company.
Lloyd’s schtick is that they will insure literally anything, but typically at the worst possible cost. If you have a mortgage in FL you’re required to have windstorm mitigation insurance, so if you’re between vendors and don’t want to go with Citizens (the state-backed insurer) they are usually your last resort — and in recent times, have been cheaper than Citizens (tho this is more to do with how terribly managed Citizens is than anything else).