Is sinkhole insurance becoming impractical?
An article that appeared in another paper on July 28 said that "Citizens data indicates that average sinkhole premiums in Pasco County need to rise from current rates of $1,379 to about $9,650 to be financially sound."
That would not even include the 10.2 percent increase just approved for non-sinkhole coverage, it said. It seems to me that once insurance costs exceed mortgage costs, you would effectively be paying for two or more houses, but only getting one.
I think it would then make more sense to become self-insured for sinkholes, and invest the savings that you would still own. Then pay for any damages yourself, even if you need to take out a loan for repairs.
Saving $9,650 a year would mean, for example, that you could buy a $96,500 home, mortgage-free, every 10 years, plus whatever else you wanted to buy with your investment profits. All with money that would be lost forever in policy payments if you never had a claim.
What about other insurance? Suppose you bought your groceries the same way you buy a typical health insurance policy. You would be issued a card so that you would pay nothing at the checkout, except for a co-pay.
Your policy would determine the kinds and quantity of foods you would be allowed to have. But because of the cost of all the red tape, you could pay over $2,000 a year more than you would have paid without a policy.
If all health insurance only covered catastrophic events, routine costs would not be inflated by all of the additional costs of insurance processing, you would only buy services you need or want, and maybe not even services for others or the uninsured that are extracted indirectly from your current policy.
When little Ricky was born in an unedited episode of "I Love Lucy" from the 1950's, Rickey simply wrote a check for hospital services. I wonder how much he paid, adjusted for inflation?
I'm a single parent whose child attends Hernando High and lives in the rural area of Hernando County.
My concern is whether Hernando County cares about its students? Not so much I think.
Well my son is up at 5 a.m. each morning preparing for school. His bus arrives at 5:40 a.m. which the postcard that we received in the mail said to be there at 5:30 a.m. and wait on the bus, which is fine. My concern is my child has to walk a dirt road from our home, walk along side U.S. 41 that has no lighting, sidewalks and has busy trucks that runs threw there first thing in the morning.
Then it gets better as he walks to a trailer park that was once removed from being a bus stop because of some of the residents who live in the area.
I have went their personally and spoke to the owners. I also went to the transportation department and put a bus change application in.
How safe is it to have a young boy go along side U.S. 41 at that time of morning and then stand in front of a area where sexual offenders live. How hard is it to drive a quarter of a mile down the road to pick a child up which after you make that stop you come right pass the driveway of my home anyway? Does the Hernando County school system really care about the safety of our kids?