Yep. That's what we're doing now. In 2015 our S. FL our Homeowners was $1200. In 2017 it went up to $2200. In 2020 it went up to $3800. Before we moved last year I got the renewal and it was going to be $5000 and it was going to be cancelled at the end of the year to be picked up by Citizens. A common occurrence down there. Sold that place, bought our new one cash. Screw the insurance companies. One of the biggest scams going besides taxation.
Which is why I and many others are prepared to pay off the balance on a home if need be. This is how they are going to take away home ownership from people through a backdoor methods via unrealistic demands from home insurance companies.
You’re so right ,, they raised the rates so high in Cali , many went without , then the fires came , burned them out and they had no ins , they had to sell their burnt land , pennys on the dollar , my friend retired from San Diego school district , being patriots they wanted to get out of liberal land and go up north. They built 3 homes on their 54 acre in berry creek , nor cal , for her and husband and two of their kids and grand kids . It was totally free and clear , they spent years paying it off after building and then they moved to their dream retirement . They lost everything. Nusellini wouldn’t even let the fire fighters try to stop the fires . Within days the vultures were in town grabbing everyone’s property .
Insurance and rent culture is also a way they dictate business policy.
If every business must rent, then every business must buy insurance. If every business must buy insurance, then business policy can be controlled through insurance.
Think theft policy. Think guns in buildings. Ties back to insurance.
Whoa man.....that seems a bit extreme don't you think? Rates across the board have gone through the roof but not having home insurance seems hella risky....
Insurance companies were not paying claims on policies due to the fires? I know the gov check wasn't shit but did not hear about insurance companies stiffing home owners who had HO policies.
It’s risky but if you honestly look in the numbers how many homes actually burn down or are destroyed by storms if you are in a safe stable area (not hurricane, tornado alley, etc.)
Statistically you should be more than fine. However homeowner insurance can also helps save you from other liability like fall injuries if I’m not mistaken
Yeah, this is why I cancelled my home insurance. Wayyyy too many exceptions. Better to pocket the cash and have your own rainy day fund.
Yep. That's what we're doing now. In 2015 our S. FL our Homeowners was $1200. In 2017 it went up to $2200. In 2020 it went up to $3800. Before we moved last year I got the renewal and it was going to be $5000 and it was going to be cancelled at the end of the year to be picked up by Citizens. A common occurrence down there. Sold that place, bought our new one cash. Screw the insurance companies. One of the biggest scams going besides taxation.
You can just cancel your homeowners' insurance? Do you have to own your home outright, first?
Yup.
Which is why I and many others are prepared to pay off the balance on a home if need be. This is how they are going to take away home ownership from people through a backdoor methods via unrealistic demands from home insurance companies.
You’re so right ,, they raised the rates so high in Cali , many went without , then the fires came , burned them out and they had no ins , they had to sell their burnt land , pennys on the dollar , my friend retired from San Diego school district , being patriots they wanted to get out of liberal land and go up north. They built 3 homes on their 54 acre in berry creek , nor cal , for her and husband and two of their kids and grand kids . It was totally free and clear , they spent years paying it off after building and then they moved to their dream retirement . They lost everything. Nusellini wouldn’t even let the fire fighters try to stop the fires . Within days the vultures were in town grabbing everyone’s property .
Insurance and rent culture is also a way they dictate business policy.
If every business must rent, then every business must buy insurance. If every business must buy insurance, then business policy can be controlled through insurance.
Think theft policy. Think guns in buildings. Ties back to insurance.
Whoa man.....that seems a bit extreme don't you think? Rates across the board have gone through the roof but not having home insurance seems hella risky....
How well did it work out for the folks in Hawaii who had insurance?
They got $700 so there's that
They ain't get that $700 from their insurance though. 🤣🤣
Insurance companies were not paying claims on policies due to the fires? I know the gov check wasn't shit but did not hear about insurance companies stiffing home owners who had HO policies.
https://greatawakening.win/p/17rTBKlIiU/interesting-new-lahaina-damage-v/
Iirc it's mentioned near the end of the video.
A bit of trust me bro but it's all the info I have. Link back here if you find anything better.
No kidding
It’s risky but if you honestly look in the numbers how many homes actually burn down or are destroyed by storms if you are in a safe stable area (not hurricane, tornado alley, etc.)
Statistically you should be more than fine. However homeowner insurance can also helps save you from other liability like fall injuries if I’m not mistaken