US Home insurers cut natural disasters from policies as climate risks grow
US Home insurers cut natural disasters from policies as climate risks grow
Some of the largest U.S. insurance companies say extreme weather has led them to end certain coverages, exclude natural disaster protections and raise premiums
You're viewing a single thread.
If insurers are refusing to cover disasters, then mortgage lenders should be unable to force buyers to buy (useless) insurance
And bankrupt and dispossess the lender if a disaster happens to their newly acquired home?
mortgage lenders are going to have to do something. Like require natural disaster be part of the policy. Otherwise they will have people walking away from mortgages after disasters.
then they would lose income, not going to happen. let's be honest, premiums will go up and coverage will go down.