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YSK: NPR Reports on Home Insurers Withdrawal From High Risk Areas
NPR on what may become "insurance migration". https://www.npr.org/2023/07/22/1186540332/how-climate-change-could-cause-a-home-insurance-meltdown
Why YSK: As insurers pull away from risky markets, home buyers may find that insurers are unwilling to write policies in that area, and so banks will refuse to lend in those areas. Could we fall into a cash-buyer and investor-only spiral?
Research your destination and ask insurers if they write policies in that area.
NPR on what may become "insurance migration". https://www.npr.org/2023/07/22/1186540332/how-climate-change-could-cause-a-home-insurance-meltdown
Why YSK: As insurers pull away from risky markets, home buyers may find that insurers are unwilling to write policies in that area, and so banks will refuse to lend in those areas. Could we fall into a cash-buyer and investor-only spiral?
Research your destination and ask insurers if they write policies in that area.
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