One Florida Senators say residents are pumping replacement cost insurance …

NEW PORT RICHEY, Florida–the citizens insurance may have a devious new way to make You pay more, and it will put some risk of losing their homes.

Some customers are discovering the value of the “replacement cost” home they jump tens of thousands of dollars. Why? Good question.

Estimates put the cost of insurance of citizens at home on the substitution of ‘ O Lakes at $ 135 per square foot, but a similar Home Builder who said it would cost only $ 80 dollars per square metre.

82-year-old Ruth Lauro is a mother, a widow, and a pensioner who is trying to figure out how to keep his home in New Port Richey.

“I don’t know what will happen. Very rough. Rough, “Ruth said. He received a letter from the citizens insurance says his house was assessed at $ 50,000 by Pasco County, now must be insured at $ 138.000. Residents claim to be the replacement cost if it were destroyed.

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