We have no mortgage but with an F3 tornado just 20 minutes north, close enough for an alert telling me to take cover, and staying on the ground for 3 minutes taking out Main Street....nope.
We are keeping home insurance.
This is a sad post.
Biden’s economy is filling shelters like never before, and former pets are dying enmasse.
If you are hoping to adopt, now is a good time.
“Homeowners” cannot skip on home insurance, if the bank or lender still owns your home via a mortgage.
In my case, I no longer have a mortgage, but I have to get it because it’s an HOA requirement. If it were not a requirement, I wouldn’t get it. Flood insurance is another matter, and I know a lot of homeowners in Florida who have opted to go without it.
Any numbers that include those that cannot buy insurance are bogus.
Here in CaCaLand the big insurers are leaving ‘cause California law has made it impossibly expensive to insure. Mostly ‘cause any policy has to include coverage for CaCaLand government wildfires — wildfires that would not occur if the gov’mt did not sit on its hands and let them burn — see Lahaina. So, even if my house is in the flatland with groomed and well watered trees all about — I have to subsidize wildfire insurance for those fools who insist on pretending they are living off grid in the woods.
Hurricane Idalia just swept through my area. Only an idiot would want to be without home insurance.
Home insurance is probably about to get a lot more expensive for owners of EVs. Apparently flooding makes them burn and burn whatever structures they are next to. Idalia illustrated that.
Well there’s a bad idea. Had part of my roof “removed” by a nasty storm in late July. While it took basically all of August to sort out insurance BS I’m getting a new and much better roof next week. Way better than shelling out 20 grand.