Premium Only Content

12% of homeowners in the US do not purchase homeowners’ insurance
12% of homeowners in the US do not purchase homeowners’ insurance
Half of those that do not have homeowners' insurance have an annual household income of less than $40,000.
Most mortgage lenders require borrowers to have home insurance, so the people forgoing it often own their homes outright. Those that do have mortgages and don’t purchase insurance will often see their lender buy lender-placed insurance for their property which is generally more expensive.
In some cases, insurers are not renewing policies because of the increased risk of severe damage. Owners may not want state-run insurance policies because they charge a higher premium and offer less coverage.
However, it is the opinion of this channel that a large part of the rise of insurance prices is due to inflation of materials, labor, and just about every construction input for building a house.
While I think most people are fine with not forcing homeowners to purchase insurance, the issue is government assistance is used to bail these people out after a massive natural disaster.
Works Cited:
https://www.wsj.com/personal-finance/americans-are-bailing-on-their-home-insurance-e3395515?mod=hp_lead_pos2
Tags:
homeowners insurance, insurance, home insurance, homeowners insurance 101, homeowners insurance explained, homeowners insurance policies, homeowners insurance coverage, homeowner insurance, homeowners, property insurance, homeowners insurance florida, homeowners insurance 2022, home insurance tips, homeowners insurance guide, homeowners insurance claims, homeowner's insurance, home insurance coverage, understanding homeowners insurance coverage, home insurance florida
-
3:00
The Last Capitalist in Chicago
1 year ago $0.08 earnedCan a company cut your pay?
304 -
2:19:32
Badlands Media
1 day agoDEFCON ZERO Ep. 005: False Flags, Cyber Fronts & Global Power Plays
140K58 -
2:35:23
FreshandFit
7 hours agoWhy Black Men Don't Date Black Women Debate
32.5K35 -
2:03:42
Inverted World Live
11 hours agoBigfoot Corpse Coming to the NY State Fair | Ep. 94
104K25 -
6:16:23
SpartakusLIVE
12 hours ago$1,000 Pistol Challenge || #1 ENTERTAINER of The EONS Eradicates BOREDOM
80.3K2 -
2:33:37
TimcastIRL
9 hours agoTrump Orders Review of Smithsonian For Being Woke & Out of Control | Timcast IRL
188K78 -
3:09:10
Barry Cunningham
13 hours agoPRESIDENT TRUMP HAS TAKEN THE MONSTER AWAY FROM THE LEFT! HORROR STORIES WON'T WORK ANYMORE!
81.6K81 -
1:29:55
WickedVirtue
7 hours agoLate Night Fortnite w/ Friends
52.9K -
3:34:06
This is the Ray Gaming
8 hours ago $1.07 earnedCould you be? Would you be? Won't you be my RAYBOR? | Rumble Premium Creator
32.3K -
1:46:52
JahBlessGames
8 hours ago🎉Come een' and come tru' - VIBES | MUSIC | GAMES
52.3K2