• pwnicholson@lemmy.world
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    5 months ago

    Anyone going without home insurance is paying cash for their house. No bank would give someone a mortgage on a property that could turn to ashes with no insurance.

  • Dizzy Devil Ducky@lemm.ee
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    5 months ago

    I can absolutely see why people go without it. Hell, my brother’s friend had their family home lost in a fire. They had a ton of old ttrpg type books and games. Insurance was apparently doing whatever they could to pay as little as possible or nothing. Home insurance has become a scam because most companies will charge you an arm and a leg and then when you finally need to use it they’ll automatically deny all claims and then act like they’re the victims.

      • pwnicholson@lemmy.world
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        5 months ago

        The only people doing this are loaded with enough cash or assets to not have to take out a mortgage. They’ll be fine.

        You can’t get a new mortgage without insurance

        • Bo7a@lemmy.ca
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          5 months ago

          Don’t forget us folks who built their little house themselves and can’t find/afford insurance.

          For me it was ‘this house is too small to qualify under normal terms, you will have to pay ridiculous premiums’

          420sqft isn’t exactly a shed. But these companies are stuck in a different era.

        • silence7@slrpnk.netOPM
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          5 months ago

          Also: people who are approaching retirement and actually paid off their house over the course of a lifetime.

  • Snapz@lemmy.world
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    5 months ago

    “Homeowners are going without”

    Yes, those frivolous homeowners and their "motivated by absolutely nothing at all " choice.

  • No_Ones_Slick_Like_Gaston@lemmy.world
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    5 months ago

    Weird this is totally based on California when Florida has seen similar situations with the relationship between Insurers and the state where pulling out is so prevalent the common carrier of default is now flooded with new customers and claims.

    Citizens insurance is now who carries the burden of the majority of the house insurance market in the state and there’s not enough of climate denial and deleted global warming on paper the governor can do to make this go away.