Homeowner's insurance

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#1 Fri, Jul 1, 2011 - 8:28pm
Tampa, FL
Joined: Jun 14, 2011

Homeowner's insurance

I don't know much about insurance, except that I hate buying it and I hate the companies that sell it.

This year, with the massive flooding in the midwest, incredible devastation of tornadoes in the south, and wildfires in the west, it just seems like a hurricane that devastates Florida is in the cards.

But after all of these natural disasters, what are your thoughts about whether insurance companies are even solvent anymore after paying out this year's claims? If the SHTF, is it even reasonable to expect insurance payouts?

Edited by: Ratatouille on Nov 8, 2014 - 5:06am
Sat, Jul 2, 2011 - 12:52pm
Joined: Jun 14, 2011

"The Road" scenario

Probably not. But, if someone has a mortgage, they are required to have homeowner's insurance and if they don't have a mortgage, they'd be foolish to own a property worth hundreds of thousands and not have it insured. I'm sitting in my loft listening to them replacing my roof damaged in a hail storm, nice to have insurance while waiting for armageddon.