Homeowner's insurance

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Ratatouille's picture
Joined: 06/14/2011
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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 admin on 11/08/2014 - 06:06
Harald's picture
Joined: 06/14/2011
Hat Tips: 1738
Posts: 390
"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.  

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