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I'd expect to see a surge in self insurance. These areas are so valuable already in a lot of cases where rich people are content to pay six figure property tax
by asdff 11mo ago
I'd expect to see a surge in self insurance. These areas are so valuable already in a lot of cases where rich people are content to pay six figure property tax bills. Especially with cost of construction being a fraction of that property's value.
- the_sleaze_ 11mo ago> a surge in self insurance What is this? Would this just be "putting a little to the side each month" to cover your 12 million dollar loss to Hurricane Micheala ?
- asdff 11mo agoIt could be as simple as that or something with more structure as well. It won't be a 12 million loss because you own the land already. You are just paying for construction which is a fraction of that value.