2 ms·
At this point, the insurance is basically the cost of replacing your house, guaranteed in 10 years. These people barely can afford paying a 30 year mortgage.
by cyanydeez 2y ago
At this point, the insurance is basically the cost of replacing your house, guaranteed in 10 years.
These people barely can afford paying a 30 year mortgage.
There's absolutely no logic behind insurance in Florida or anywhere along the coast.
Even if 10 years is hyperbole, the real risks are absolutely not insurable.
- Tostino 2y agoThere are a ton of waterfront homes here in fl on the gulf coast that haven't flooded in 50+ years since they were built...until last week. It is absolutely not a guarantee that all waterfront property should just be written off. But some property absolutely should because this shit happens every 5 years.