Quote:
Originally Posted by Dixie
I feel the same. I complain about my premiums (about $10,000/yr), but the truth is it'd take over 20 years for my premiums to exceed the replacement value of my dwelling.
A lot of my neighbors claimed they were self insured. After the back-to-back-to-back hurricanes last summer they discovered they were simply uninsured. You're only self insured if you have funds to rebuild. Most ended up selling their damaged homes for pennies on the dollar.
|
No .... folks I know "self insure" if they can simply write off their loss because they have other options.
They will sell for pennies... some.
I would have bulldozed mine
