Home insurance was once a ‘must.’ Now more homeowners are going without | Slammed by pricier policies and climate-driven natural disasters, more and more Americans are exposing themselves to risk
Home insurance was once a ‘must.’ Now more homeowners are going without | Slammed by pricier policies and climate-driven natural disasters, more and more Americans are exposing themselves to risk
You're viewing a single thread.
It’s a bold strategy, Cotton. Let’s see if it pays off for them.
10 0 ReplyFor many it will. The unlucky few will be bankrupt and homeless.
8 0 ReplyThe only people doing this are loaded with enough cash or assets to not have to take out a mortgage. They'll be fine.
You can't get a new mortgage without insurance
1 0 ReplyDon't forget us folks who built their little house themselves and can't find/afford insurance.
For me it was 'this house is too small to qualify under normal terms, you will have to pay ridiculous premiums'
420sqft isn't exactly a shed. But these companies are stuck in a different era.
4 0 ReplyInteresting. I didn't know there would be minimums like that.
3 0 Reply
Also: people who are approaching retirement and actually paid off their house over the course of a lifetime.
3 0 Reply