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Shouldn't, in principle, insurance costs reflect risks? If they are comparably expensive but still affordable, then living in these places is still possible.
by LeanderK 4y ago
Shouldn't, in principle, insurance costs reflect risks? If they are comparably expensive but still affordable, then living in these places is still possible.
- ianai 4y agoCosts and risks are so high huge portions of expensive Florida real estate aren’t insurable through private corporations. They simply don’t offer coverage. It’s the USG that picks up the tab and offers insurance.
- LeanderK 4y agoah well, then it makes sense. If you can insure your home then the taxpayer effectively subsidises you for your risk, but you don't have to worry.