Most Florida insureds are unaware of several fees attached to there policy. One is the cat fund created by the state to offset the cost of hurricanes. Easy analogy is taxing someone in a low risk area to subsidize a person in a high risk area. Even if you don’t own a home you are being surcharged on almost all types of insurance, including auto insurance, property insurance, Liability insurance. This article sums it up, as Florida insured myself it really scares me. We are looking at a bad situation.
Don Westerfeld 9/23/2010 9:36:00 PM
Don Westerfeld has been active in the field of Insurance and Financial Planning since 1997. Don grew up in Indiana later moving to Lakeland Florida where he continues to reside with his wife and children. When he’s not in the office you can find him enjoying the great outdoors. He has served on several charitable business and non-profit organizations and continues to provide guidance, advice and support to local charities.
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