People who don’t insure their house
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Anonymous
+1. I can't imagine not having homeowners' insurance, even though I hope to never make a claim. |
Anonymous
| Home insurance has become so incredibly expensive for some florida and California residents that they are no longer buying home insurance. |
Anonymous
That's why we have FEMA. /s |
Anonymous
You’re an idiot. Wait till a healthy tree falls over in a freak storm, which we had inspected every year. Hope you’ve got $65k for that—the amount we got from insurance. It didn’t cover the $6K we also paid to take the tree trunk down because insurance doesn’t care about that. They only covered the branch that hit the house removal. |
Anonymous
| I owned a condo outright and didn't have homeowners insurance. It's a bit different though because the condo carried insurance for the exterior of the structure (roof etc), condo insurance would have just paid for walls in. There was a fire in our electrical busway and we were without power for 9 weeks. Not having condo insurance meant I had no where to live while my condo was uninhabitable. I had a dog though, so it wouldn't have helped much. My neighbors with dogs had no where to go, even though their homeowners insurance paid for a hotel. Even hotels that allowed dogs didn't allow you to leave them there while you went to work all day. |
Anonymous
| Absolutely idiotic to do this unless you are very wealthy. |
Anonymous
And I hope that not one dollar of my taxes goes to pay to build them new homes. |
Anonymous
My parents in FL have homeowners insurance, but their deductible is 30k. Meaning they'd only be able to use the homeowners insurance if their house had a major loss or needed a new roof. They live 9 miles from the beach I think, not close. |
Anonymous
| Sounds like a maga thing to do. |
Anonymous
Yup. A tornado can't do any damage when your lint filter is clean. It also prevents lightning strikes and power surges. |
Anonymous
It's the law in nearly every state to have car insurance. |
Anonymous
Yes, it is definately a very risky way to live. A fire, water damage, storm damage, etc is often out of your control. And could lead to total destruction, besides the land/foundation. Also, the contents of the home can be a lot. Ours is well over $350K of belongings when you include artwork, and contents. We have homeowners for major disasters. Wouldnt' file a claim unless it was $30-50k+ of damages. But if we had that, I'd want insurance to payout |
Anonymous
That’s as stupid as self insuring medical. Multi-million dollar houses are no longer rare and I can’t imagine a financially savvy person not buying homeowner’s insurance. |
Anonymous
Ok....so the $6-8K you save per year will replace the $200K+ of damages if a tree lands thru your home during a rain storm, damaging most of the contents of your home? What about if it burns to the ground, along with everything in it? No matter how careful you are, that stuff can and does happen. Seems risky Instead a smart person takes a high deductible and doesn't file claims unless it's catastrophic |
Anonymous
You’re lucky you’ve never had an issue. We lost our insurance because our baby Yorkie nipped an elderly woman in the shin. She had thin skin and it was painful. Her kid called a lawyer and sued. He dealt with the insurance company and got $25,000. Our insurance company told us to get rid of our dog or they are canceling our policy. We obviously kept our dog and then had to get what they call insurance of last resort for uninsurable people run by the government. Cost a lot more. |