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That should be covered by homeowners insurance, at least in part. That your old crumbling house was under-insured is no argument against homeownership in any w
by antisthenes 9y ago
That should be covered by homeowners insurance, at least in part.
That your old crumbling house was under-insured is no argument against homeownership in any way shape or form, just an unfortunate anecdote.
- ghaff 9y agoHomeowners insurance mostly covers catastrophic events not deterioration that takes place over time. I’m not arguing against home ownership at all. Just that you need to save for maintenance and that you can get large unexpected bills.
- dragonwriter 9y agoThat kind of thing isn't covered by most insurance unless it is caused by a covered kind of event, and the additional cost of insurance to cover it would, of necessity, exceed the expected cost without insurance because insurance companies need to meet all covered costs, plus administration costs, plus turn a profit. Insurance makes certain costs more predictable at the cost of making them more expensive.