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
RE
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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