Reply #1: Mine isn't that bad

[kdmorris]

But the ever increasing cost of homeowners insurance has made my husband and I start looking to move out of South Florida. When we bought our home in 2001, our property tax was $1102 and our homeowners insurance was $981. Now I realize that the property tax was based on the previous owners' homestead exemption, but in just 6 years, our property tax is now $2100 and our homeowners insurance is $3400 per year. Every year we've had a shortage in our escrow, so we've had to pay the shortage back and the the extra to try to keep it from being short the next year.

Our mortgage payment went from $1000 to $1300 a month. Granted it's not killing us, and it's not as bad as paying all of that and still not having a home, which has happened to a lot of people in the Gulf Coast. Another example of the poor getting screwed even worse than everyone else.

$16,000 on a $300,000 policy! Man, that blows my mind. In 2004 and 2005, the years of the worst hurricanes, the insurance company's showed a huge profit, rather than the more standard 3% that insurance companies used to make. Just one article about it:

http://www.latimes.com/news/nationworld/nation/la-na-insure5apr05,0,3061059.story?coll=la-home-headlines