Quote:
Originally Posted by cabmandone
There's a lot of news around insurance prices and companies exiting certain markets. I look at the cost to insure and then the cost to replace and think, I can insure for many years before the premiums would come close to replacement value.
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I dropped ins. on three properties (I no longer own) several years ago when the underwriters refused to cover (I was using Amica).
My buddy had three covered by USAA (one in VA, two in FL) ... they told him to pick one (his words) ... and so he did.
None of these properties are high $$$ houses btw .... not compared to the ones lost on the coastline ...
Now it's gonna explode ... again
