12-25-2023, 12:53 PM | #177 |
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12-25-2023, 12:53 PM | #178 |
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I have a lot of extended family in Pensacola and this is effecting them too.
https://www.insurancebusinessmag.com...ld-467204.aspx |
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12-25-2023, 01:09 PM | #179 | |
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There is an ongoing insurance crisis in Florida. This statement is not based on reading a few articles rather the regular conversations we have with our clients (insurers). It comes down to their bottom lines and business decisions. You are also mixing housing prices with insurance rates. The 200-300% increase in housing prices you have quoted has happened starting 2020 when wfh became prevalent and folks from more expensive places NY/Cali started to relocate. There are other factors too but main reason is the change in work arrangements post COVID Now as for the insurance rates Florida certainly has higher insurance rates. I think you mentioned you pay around $1500/year. You probably think it's a reasonable rate. In Toronto folks pay between $600-$1000 for condos priced between $1m-2m. $200/month for a house is also comparitively higher. The only reason I mentioned rates is because paying $600 a year vs $1500 a year is not going to deter someone (affluent) from buying a million dollar condo. Insurance crisis is impacting average folks not the affluent folks hence you are not convinced or aware that there is a crisis. I live in Toronto and many of us have the blessing of living in multimillion houses but I'm not denying we have a housing crisis. I don't need to live in Toronto to know we have a crisis. It's a known fact. I do enjoy reading your posts as you do bring wealth of experience and knowledge. Merry Christmas and happy holidays everyone 🎄 P.S apologies to the OP for going off topic and rest of the folks for rehashing most of what is already general knowledge. |
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01-09-2024, 08:18 PM | #180 | |
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01-09-2024, 08:24 PM | #181 | |
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__________________
2021 BMW G20 M340i xDrive - Verde Ermes/Black - 03/2024.40
2019 BMW G05 X5 xDrive40i - Phytonic Blue/Cognac - 11/2023.50 |
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01-09-2024, 08:34 PM | #182 |
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Generally speed limit has nothing to do with size of wheel. It's all about speed rating of tire installed. Normally 20" tires on X5 are "H" rated (130mph top speed). BMW will never allow speed limiter to be above tire rating.
Some examples of tire ratings: H - 130 mph V - 149 mph W - 168 mph Y - 186 mph |
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