June 29, 2006

Is insurance in FL worth it?


At the Link, the NY Times writes of insurance woes in Fl. From the article, "I'm in a pickle," Mrs. Litt Lyon said. "I want to have it for my peace of mind, but do we really need insurance? I just spent $8,000 for storm shutters. We live in this 1961 concrete building that's a fortress. Even if you make a claim, the deductibles are so high that you don't even really make a claim." We were hoping to incorporate features that would give us a maxium in incentives since we are starting from sratch anyway. We'll have to investigate further all the specifics.

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