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Farmers Insurance is leaving Florida in latest blow to homeowners
(www.tampabay.com)
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this post was submitted on 11 Jul 2023
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There are some states ( I don’t live in FL, but I doubt they offer this type of insurance) that offer Perpetual Insurance. Which is where you pay upfront for coverage, and when you no longer need coverage you’re money is returned.
It costs a lot upfront, but you save a lot in the long run. And any state that offers this type of insurance, I recommend anyone with the means to jump on it.
You’re not wrong, but there are other options.
That's fascinating and I have not heard of this type of system before. Presumably in a system like that, they would still be returning the person's money when they left, though...