What, you mean base a home mortgage solely on good credit? Why that wouldn't be fair to the disadvantaged! LOL Home insurance for fire I can see as a requirement and protection of the mortgage but I agree wind and storm should be an option and not a requirement. Neither do I believe the federal government should pay for the damage.
Don't even get me started on car insurance as I think that is the greatest of ripoffs. Penalties for those driving with no insurance not to mention driver license are insignificant. No fault is a farce!
No bank in its right mind would finance a proprty under such restrictions, at least not in Florida.
Congratulations, those on this thread who cannot understand that there ain't no free lunch have already killed the insurance industry! Now they're working on the banking, construction and real estate industries.