Florida home owner insurance rates are predicted to rise 400%! I already pay nearly $1,400 a year. Once the rate increase goes into effect I will certainly be homeless- and that is no exaggeration! That will cost me another $350+ a month- and I honestly do not have that. I cannot sell my house. My property value fell over 45% in the recent market downturn- From $259k in 2008 to $141K- its current estimated value, but taxes and HO insurance are on the rise. Several foreclosures are already on my street- hence the extreme loss of value. I cannot file bankruptcy because that would mean I would also lose my home in Indiana and make my two sisters homeless- two over 60 ladies living on minimum income. Quite frankly, I don't know what to do.

If the hike goes into effect- which it will- our Tea Party Governor supports the rate hike- I will let my house go into foreclosure. If they extend the present moratorium on foreclosures (which they likely will have to do because I imagine this rate hike will impact thousands of families in like manner), that could give me quite a few months to rearrange my life.

Something else to worry about- as if I did not have enough on my mind!