Remember, if you have a mortgage, you must pay for insurance.
If you pay cash, you can simply choose to self-insure, if you have the discipline to sock away the money that would otherwise go to pay for the premiums.
Yes, and in today’s insurance world it is a slammer. Before my father died about 3 years ago, I had a different opinion of insurance companies. 6 months before he died his home had damage to the roof due to heavy rain and high wind (we are deep in the heart of Texas, not near it’s coast) and the company refused to pay a single dime. So we changed insurance companies. As a consequence I changed my insurance company too. (3 homes and 5 cars between dad and I)
Later I found out about the ESG crap (scam), and found my old and new insurance companies were both flying the ESG flag. The first company was bragging about it on their corporate website and had a pretty adult Chinese lady telling how great a corporate citizen the company was.
I found out later that the first insurance company was using the ChiCom Social scoring system to evaluate their customers. Ahhh Sooo.
I fixed my dad’s home roof. Actually helped the contractor who did the install.
The old rules are no longer in place.
I did finally find a reliable auto insurance company that is not involved with ESG. Have not yet found a home insurance company who is not.
Not sure how long, but for now, un-required insurance makes no sense to me, Don’t own anything on my homes. I’m 76, so not sure I will ever carry home insurance on my homes again.
If they don’t pay claims and rate your policy by ChiCom social scoring system, how long should I stay with them?
Make a web search of “you insurance company name”, “ESG” and see what you get. You probably will be surprised.
The finance industry, banking industry and mortgage industry are all into the current global property theft scam.
The WEF and the globalist corporations are planning to take all the property in the world. They really think they can.
Klaus: In ten years you will own nothing and be happy. (eating bugs)
NOT going to happen.