As increasingly severe natural disasters ravage the South, insurance companies are abandoning clients, increasing premiums, and fighting regulation measures — forcing homeowners to fend for themselves in the wake of destruction.
Clearly the market is telling you it’s time to leave that area. I would not move into an area if they would not ensure me in the area and if I lived there before I would be moving out.
That becomes difficult when their homes are now uninsurable. If they can’t find a sucker buyer to take it off their hands for enough that they can afford one elsewhere, they’re stuck. The govt absolutely needs to step in. If only to save money on disaster relief efforts in future.
Clearly the market is telling you it’s time to leave that area. I would not move into an area if they would not ensure me in the area and if I lived there before I would be moving out.
That becomes difficult when their homes are now uninsurable. If they can’t find a
suckerbuyer to take it off their hands for enough that they can afford one elsewhere, they’re stuck. The govt absolutely needs to step in. If only to save money on disaster relief efforts in future.