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RSherman

(576 posts)

8. This is my concern

Reply to NickB79 (Reply #7)

Thu Mar 28, 2024, 03:32 PM

Mar 28

Selfishly, I am very worried about the exact scenarios in your post. I live in Northern NY. Very few wildfires, hurricanes, tornadoes, earthquakes....
I have an artesian well with a constant run off. I live out in the country and we are not overcrowded. There is definitely going to be reverse migration.

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9 replies

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Highlight:

Property insurance affordability crisis-- where does it end? [View all] dutch777 Mar 28 OP

I just heard an interview on Fresh Air about FAIR insurance RSherman Mar 28 #1

CItizens Insurance, the state back FL insurance company is being investigated by congress flamingdem Mar 28 #4

It could lead to a lot of unanticipated migration. The FL insurance example last I read though is proving insolvent. dutch777 Mar 28 #5

I am waiting on a fire sale on a small bungalow cachukis Mar 28 #2

We won't have long to wait for a partial answer I'm afraid. The next big one to hit Florida might wipe brewens Mar 28 #3

Wonder when the west coast insurers will realize that carrying earthquake insurance will sooner or later bankrupt them. dutch777 Mar 28 #6

You aren't going to like the answer NickB79 Mar 28 #7

This is my concern RSherman Mar 28 #8

There will certainly be a shift to less vulnerable locales. Some may be able to "armor' themselves but will take time. dutch777 Mar 29 #9