Canceled! Are You At Risk Of Losing Your Home Insurance?
Insurance costs are soaring and companies are canceling policies and upping rates. Don’t blame climate change... these are the real reasons…
Assessing the Insurance Fiasco BlameInflation
PG&E
Failure to clear brush
Building in flood and hurricane zone
Climate change policy Itself (not failure to address climate change)
If insurance has doubled or tripled or cancelled, blame inflation, regulators in California and elsewhere for allowing homes to be built in flood zones and for not clearing brush in fire zones.
None of this has a damn thing to do climate change. It’s a combination of inflation coupled with poor policies, building in flood zones, and not clearing accumulated brush.
https://www.zerohedge.com/personal-finance/canceled-are-you-risk-losing-your-home-insurance
Listen to this guy – been watching him for a few months now.
Micheal Bordenaro (real estate guy in Florida)
It FINALLY HAPPENED TO ME! Insurance CANCELLED! shot yesterday 01/13/24.
https://www.youtube.com/watch?v=Qh8MFKjfEAs
I had to change my policy ( which I had for many years)
Had 2 properties on the same policy …so I asked to seperate them out .
Well the renewal date was close. They asked how I heated the homes.
I dont have a central heating system.
Propane fireplace is the main system with a wood fireplace auxilliary
NO INSURANCE FOR YOU
Nope…They shopped arpound and they all said Get a furnace or no Insurance.
I realized I had a heat pump that i never use for heat…( only for AC)…But its “Central” …so that saved me
BUT for sure they are looking for any out