Central Florida homeowners join rising trend, opting out of property insurance

Longtime Melbourne resident David Schroeder Sr. is holding a photo of his old boat, Life of Riley — a 28-foot Adventure Craft mini yacht.

“It’s like a little houseboat. Every time I’d go out there in the river, everybody had a fit over it,” he said.

Schroeder lost his water-cruising vessel in 2017, the same way many other Floridians lose property — through storm damage. He shared this story as a heavy thunderstorm brings wind and rain to his neighborhood, much like the storm that destroyed his boat years ago…

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