This was foreseeable when states began requiring insurance as a matter of law; the insurers supported all of these laws and now the bill has come due.
Link homeowners insurance to liability so that even property owners without mortgages must buy policies to protect the neighborhood and then set up a pool whereby the insurers can spread the risk over the range of companies participating.
Of course this could lead to a state insurance program guaranteed by the state's resources, primary of which are the taxpayers, and when the next natural disaster hits the infighting will begin anew.
The closer we get to a risk-free society the more restrictions we endure.
"Link homeowners insurance to liability so that even property owners without mortgages must buy policies to protect the neighborhood..."
WTF??????????
Why should someone who owns their home free and clear and has the $ to care for their own personal losses be REQUIRED to pay for premiums to pay for the entire fickin' neighborhood? That is the stoopidest socialistic nonsense I've ever heard!
Please...give me one conservative reason!
Maybe I should also pay $ for those who simply don't have enough money meet their other monthly bills? Can't afford to pay for homeowners insurance? ...grocery bills? ...vacations? ...Car payments? ...Kid's private school?
The Old Professor has a great innovative new idea...we'll just take "from those according to their abundance and give it to those according to their needs!" (sound familiar Karl?)
Exactly where would your entitlement thinking stop? Maybe we should solve the problem with homelessness by requiring all homeowners to "host" a homeless person one week per month..."for the good of the neighborhood". Great idea! Let's start with your house OP!
I've worked too damned hard to put myself in a position to not have to be held hostage by $10,000 per year insurance protection racket fees. In 14 years, I've saved the equivalent of the replacement value of my house....of MY money...it sure as hell isn't the "neighborhood's" money that I earned and saved!
Why should I pay for my neighbor's rates? I've never heard such utter crap!
Get real. Your harebrained suggestion is an insult to conservatism. You speak socialism. Period!
...ok...I feel better...nothing personal...but Good God man...get yourself together!
...fercyinoutloud....conservatives are reading what you're posting!
...nothing personal OP