Insurance and other costs due to the government skyrocketed
Posted: Wed Feb 18, 2015 5:05 am
Property Taxes and Flood Insurance premiums have soared. We are on limited retirement income and these two payments are Lump sum payments. Flood is once a year but has tripled and taxes are twice a year, majority of this is School tax to the local county government. We have supported school taxes but now after retirement its a burden. Isn't there a limit for seniors?
We have to borrow some of this or use what extra we may have each year. Flood insurance use to be 300-400 year now it's 900-1000 even with a force increased deductible to $1000? We either need low monthly payments instead of lump sum or we need assistance of some type or our twilight years will become bankruptcy years cause eventually will run out of resources. Thanks for the opportunity to express this concern.
We have to borrow some of this or use what extra we may have each year. Flood insurance use to be 300-400 year now it's 900-1000 even with a force increased deductible to $1000? We either need low monthly payments instead of lump sum or we need assistance of some type or our twilight years will become bankruptcy years cause eventually will run out of resources. Thanks for the opportunity to express this concern.