What's the worry? According to the article, only 2 to 4% of homeowners have flood insurance to begin with. Obviously, if the insurance cost rises, more people will drop their insurance. This seems like a bigger problem for the insurers than the homeowners. at least until a flood hits them.
You might want to think twice about buying a McMansion on the Gulf Coast. Or any coast. Or mountain regions subject to flash floods. Or downstream from a Dam that might fail.
https://www.dailymail.co.uk/news/article-13926863/Ryan-Serhant-home-insurance-crisis-Helene.html
Real estate expert reveals 'one of the greatest crises people will see' in the coming years
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Real estate expert reveals 'one of the greatest crises people will see' in the comin
Started by RE Oct 05, 2024, 05:11 AM
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