I Can't Get Home Insurance - I'm Officially Worried
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- เผยแพร่เมื่อ 20 ก.ย. 2024
- I got a letter recently saying that my home insurance company was dropping me, and they are no longer covering California, and other states because of increased risks of natural disasters. But as I started shopping around I'm noticing a lot of companies are doing this, and I'm not exactly sure what to do. So let's figure out what's going on together, and stay till the end for a special question and answers session, on Two Bit LIVE!
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Climate Change gets only worse by time and we locked this in for hundreds or thousands of Years.
Also the USA will reach Peak Oil Production this Decade, than Energy will get more expensive and Everything gets more expensive with higher Prices for Energy.
So moving out from the high Risk Areas, would be not the worst Move.
Natural Gas will also reach Peak Production, in the next two Decades in the US.
We reaching the Limits in all Areas of Civilization, what makes Life harder by the Year.
If Life gets harder, you need to do tough and smart Decisions.
Be aware that this is actually part of the land grab to buy up property to create a society of renters. Mega corporate conglomerates that are buying housing are the same ones that own the insurance companies. Climate change is just an excuse, that is why big concern mentioned is resisting stepping in, as they are partners in this to consolidate wealth and power.
Sell the house, move somewhere safer. Rent?
Insurance rates are simple science. There is more risk and the providers can't bring rates up, so they get out. Maybe you should too. Global warming isn't getting better anytime soon.
Lots to unpack here in this video. Let’s go with house prices. It is about who is buying the houses. It’s the corporate ownership of single fat homes. It does not take much of a percentage of this ownership to drive up prices. They just need to buy up enough to keep prices going up each year. Think buying the foam of the beer mug. That keeps scarcity low, and prices up. Then on top of that they don’t rent them out keeping availability of rentals low and those prices high. So folks that can rent now can’t save enough to buy at a later date. The corporations get richer and it snowballs to what we have now. I am all for laws that prevent corporations from owning single family homes.
The AirBNB type companies, big and small , also don’t help housing costs. It’s an enticing gamble for some to try to win the game of right house in right location/neighborhood. Neighborhoods or city’s like where you live might have more of them because the beautiful locations that further increases the scarcity and value of any homes that come up for sale.
And don’t look for help from local governments that only make more money on property taxes for relief from this. It will need to be a federal law to prevent commercial use of single family housing
I too am in California and my insurance is the same as your offer from your company Mercury for comparable house price.
It’s not the insurance commissioner fault when they won’t let the companies gouge you with high prices or other profit generating tactics so the quit. Are they not making profits or not making enough profits due to their other corporate choices that dictate they need to make a certain profit off of the home owners to pay off other bad debt from years past.
I am all for government issued insurance when the capitalist companies refuse to not be so less greedy so the people can afford needed( especially with loans) insurance. There are few solutions to the oligarchy here in the US so one can survive. Just look at the number of medical bankruptcies in out country over the years. Corporations don’t care.
Rather than calling around to random companies, it's best to engage an insurance broker, that's what I did when I lost my insurance at a big firm.
It best to leave California
@@jasongooden917 I say we try and end forced market solutions with scamming industries.
So California house prices keep rising while people are leaving. The only way to make people leave is to raise everything and create crime so they can afford to leave and want to leave.
Lack of insurance means you have to pay extra to your mortgage company because they will force you to take their insurance which has much higher rates.
You say you are a centrist but everything you push falls on one side. Stop thinking like an engineer and more like an economist and you will see that the whole housing market is a house of cards.
6% commission, corporations buying single family homes, insurance added to mortgage forced from banks and backed by government, property taxes, all equals inflation. So much for free market. Single family homes should be just that for families. Corporations want house they should stay with apartments.
Virginia has no restrictions on what insurers can charge. One year State Farm raised all premiums in Virginia by 70%, even though we had had no particular disaster. However, the stockholders had lost money in other states, so that loss had to be made up somewhere where the pickins were easy. There should be a middle ground between government overreach and predatory business practices.
100% agree! There is no cap. We are feeling it in south Louisiana
What year was that? I have them and they didn't do it to mine...
The property in question was insured with SF beginning in 1993. My recollection is that it was in the late '90s.
Then get insurance in VA from another Insurance Company at a lower rate which forces State Farm to lower the insurance rates being charged in VA. Stock holders suffer if State Farms customer base shrinks in the states less pron to disasters. VA home owners are desirable by other insurance companies because of the tranquillity there. No need for you to pay more for the poor State Farm decisions to insure homes in highly regulated and/or higher risk CA and FL State. That cost increase to doing business is State Farm's problem not yours. Buy insurance at a lower cost elsewhere. Problem solved.
Yes more regulation is vitally needed.
Roofing companies sound a lot like the Hospitals charging the insurance tons of money...Here in US 😅
Having done that work in college, I always laugh when I hear Adam Corolla talk about roofers.
Unless something's changed in the last four and a half years, insurance companies in California did not cover damage to roofs. Here in Texas. They will replace your entire roof if you get hail damage.
Y’all full of it I had roofing company there are catastrophe events it’s very difficult get material and labor. Lots of times the whole city is destroyed you have to find housing for crews. Some times you bring RV’s to house your crews. There usually no food or takes hours to get it. No electricity takes them couple weeks for utilities company to get it back on. There are backup at supply company for roofing material. Insurance does not pay one payment you have to preform the work then get paid half the money and wait on the other part after. There is homeowner fraud also so you have to be careful who you are working for. If mortgage company involved they pay in 3 payments if homeowner did not inform you mortgage company with not pay you until the full replacement of property is complete. Even if your agreement with homeowner was just to complete the roof not the interior repairs. There is Xactimate a software used to determine market fair market prices for insurance and contractors agree on. Usually get more money because the scope of work increased not because we are over charging. Sometimes you have extra layers of roofing to remove because homeowners just installed a roof over an other roof. There is also ordinance of law upgrades sometimes you have to upgrade roof decking because you have to have solid nailable surface for roof to be in warranty. Y’all wrong for assuming we are not acting not acting in good faith.
just following our corporate leaders pricing strategy
My insurance close to doubled in 4 years in new Zealand. (Nz gov insures against earthquakes) Land rates almost doubled as well.
Minimum buy-in to even a crappy house in Auckland is now a million NZ dollars, and we get paid a lot less proportionally. There are definitely people hurting
My state, Florida, has ridiculous insurance policies. Once there’s a named storm, your deductible increases to 5% of insured value. It become catastrophic insurance only. Another problem is when both wind and flood cause damage, neither your wind or flood insurance pays because it can’t be determined who is responsible. Shouldn’t each pay half.
We’re still suffering from Hurricane IAN and expect settlement to end up in court system.
Good Lord. What a nightmare:/
I’ve witnessed so many people on the long road of taking insurance companies through court, usually works out good, but such a long frustrating process. We are in South eastern Louisiana, and luckily, we didn’t have to fight our insurance too much after Ida ripped our home up; but that’s only because the company pulled out of the state all together and they ended up dropping us all together when time to renew. Our insure has increased 3k in just 2.5 years. Looking to eventually leave south Louisiana.
Extreme regulations
Skyrocketing property values
More natural disasters.
Out of control crime.
I don't blame insurance companies for wanting to leave.
I have no beef in this, because I live on the other side of the globe.
But a thought occurred to me.
Insurance companies will leave
Then people will leave,
Then scumbags will leave
Then the locals could return home and live their simple lives as they did hundreds of years ago.
I wish more people would look at this issue as sensibly as you did here. Insurance can be frustrating and often starts to feel a little scammy ( think Health Insurance ). This shouldn’t be news to anyone who has been paying attention the last few years. This has been on the near radar for a while. Here in the flyover state of Texas, we’ll eventually see this for the same reasons…hurricanes in the gulf, grass fires on the plains; and these hail storms that get worse and more frequent every year. Thank you for the reason and sensible message.
Privatized insurance is an increasingly antiquated concept. Antiquated in the sense that the demographic and ecological realities have changed but the economic models we've established to manage the demographic and ecological realities have not. This is a recipe for mission failure plain and simple.
Believe it or not, state run health care is actually more efficient than privatized systems. All of the research data looking at this topic in countries around the world confirms this. And as the population ages and gets more sickly, to the extent that private health markets are profitable now, they certainly will not remain so in the future. This mostly is a problem for US Americans but the point remains.
And now we look at mounting natural disasters, where private for profit insurance is no longer profitable. Well, people need homes. And they need insurance. So, what's the answer? Obviously, not the free market. Because those answers have dried up.
Now we're talking about searching for solutions outside of the profit incentive. Which is where things get sticky, politically speaking, because that's when the accusations about communism and socialism begin flying. And people are so rooted in Oldthink from the Cold War era that they can't even entertain new thinking on this subject.
Ultimately, even in a for profit model, all risk is managed collectively. That's the whole concept that private insurance is based on. A certain number of people have their houses burn down every year but most people don't, so it's still profitable to sell everyone fire insurance. The risk is shared collectively within a profit model. But now, there's no profit in it. But the risk still needs to be managed. And the way to manage it is through collective risk sharing. But if you can't do it profitably, then how can you do it? Well, you have to get rid of capitalist frameworks in order to get there. Which means capitalism is failing and needs to be replaced with a non-profit form of collectivization. And this is what has everyone so riled these days.
Whether you want to admit it or not, this is the reality. This is happening. Otherwise, the alternative is just social darwinism and fascism. Every man for himself! NIMBY! Which is the favoured policy of the elites because there's no profit for them in socialism. Not for them at least. They already have all the resources they need because they've spent generations plundering and looting the world at everyone else's expense. But for you and me? The average joe? Well, now you need to figure out where your class interests lie and how that shapes your political ideology.
I remember voting against prop 103 when I lived in California, another level of government bureaucracy didn’t solve anything. California voters always vote for the worst propositions.
In part because the cost consequence to the voter is either absent or low at the time of the referendum.
If people were smart, they'd move Bakersfield to TX, and Austin to CA
@@1DwtEaUn If Paxton is an example of what is good in Texas ...
@@AlanTheBeast100 AG seems to be a Peter Principle position, though my state seems to have forgotten that and made our's governor and people are then shocked that he isn't any better as governor than he was an AG.
As good as direct voter propositions or allocations sound they are typically not good. There is a reason we leave these things to elected representatives
What will really be horrible is what is likely coming where the insurance issue will get so bad in a lot of states that houses that are uninsurable become unsellable....
Especially flood insurance.
It's all planned. It's the weaponization of insurance to dislodge as many people from home ownership as possible, so Black Rock, the schemer at the center of all of this, can scoop them all up at distress prices.
That has happened here in some areas of Louisiana. FEMA basically says we’ll pay to tear it down or you keep it with no insurance.
@ Bayou babe another tale tell sign of you will own nothing and be happy.
"You will own nothing and be happy". This is one of the biggest plans to make that happen.
We already own nothing. Don't pay the government its rent aka taxes. And see who takes what's there's.
I love in the suburbs of Detroit, and I've come to truly love that there are very few natural disasters here. We have tornados sometimes, kind of, and the occasional big snow storm. But it's kind of the perfect place to watch the world crumble. You're right by all the fresh water, you can scoot over to Canada if you need to... it's pretty nice!
Niagara County near Niagara Falls is pretty similar to your situation plus there is abundant hydropower.
that sounds sublime... i really love that area too ... had a chance to travel through there a few times, so freaking green and lovely! although the winters get a bit cold for me
Detroit is already crumbling, before world crumbles.
Norway here, what you call a snow storm we call snowing and kick our kids out to play with skis, build snow men and caves;-)
@@TwoBitDaVinci Those cold winters would be a definite no for me, but I can recommend Panama if you want a sunny paradise or Belgium (Flanders, that is) if you want a place where nothing really happens in regard to nature other than some basement water in certain areas that are now obliged to mention that when selling land or property.
One of the buggiest issues is that building codes are not keeping up with current challenges. We have a wooden house burdened down and put one back up. It would make most sense to put a concrete one up with a metal roof. Also, federal funds insure people that private businesses won’t so builders continue to build homes that will continue to be at risk in high risk places (like New Orleans).
Government insurances shouldn't be considered a problem in my view.
But you could add a responsibly to the seller for what happens to a building down the road.
@@Luredreier government insurance is just another tax passed off to tax payers. The only reason it’s needed is because private insurance companies realize it’s too risky (I.e. not profitable). That is the reason we keep rebuilding homes that fall down over and over in danger zones. I could see it as a temporary solution but the houses would have to be upgraded to withstand the natural disasters. This is an issue because the homeowners don’t have the money, so I think the best thing would be for the insurance to stay in tact until the next event. At that point, the homeowner could collect so they are not completely screwed but they would have to move if they did not meet the building code (if not, the cycle will keep repeating itself). I’m just some guy in the internet though.
IMO, one of the buggiest issues, is that due to building codes and other government costs and interventions, since 1985, the cost of housing has gotten so expensive that the average person can no longer afford the average-priced home. I'm a licensed home inspector, and mankind has never been able to build homes nor will ever, that can indure the destruction Mother Nature provides. If you notice, flooding often "coincidentally" occurs when humans build dams, dikes, and other divertions attempting to contain mother nature. Good luck with that.
If you build a thatched tiki as the Seminole Indians did, for housing and survived for thousands of years, at least you have shelter. I think it surely beats tents, and shopping carts, don;t you?
Concrete homes?? Ever lived in a concrete home when an earthquake hits?? Lol…CA has EQ building codes 2nd only to Japan for a reason.
The cost is higher and you need to understand people get what they pay for
FARMERS Insurance Started in Torrance CA circa 1927, Made a name as the company who had cash reserves in the Great depression. They Have "Actuaries" who have been in the California Market for Almost 100yrs.
Also, All states have an Insurance regulator to approve rates in the state.
Biggest controllable problem. Wants and needs. What you want your home to be vs what you need your home to be. We remodeled our 1,100 sqft 1.5 bath home. The walls are painted drywall, the floors are LVT. the countertops are formica. We are retired, debt free and live in a nice area outside a FWA in the Midwest. Decide what you need first, then if you can afford it, wants.
Reno did not flood recently. Burning Man flooded NE of Reno because it is put on on a DRY lake bed. Well its usually dry, except when it rains. Which it happened to do so during Burning Man week.
@@mal2ksc I live in Vegas. There was no significant flooding that I heard about. Even after TS Hillary. Nothing atypical that current flood control infrastructure couldn't handle or the usual suspect troublespots. ¯\_(ツ)_/¯ It rains really hard in July and August here. We get 2 inches of rain a year and it's all in 10 minutes sometimes.
I was in Reno, late Aug/most of Sept. Burning Man got flooded because of TS Hillary/seasonal rains that region also gets. It's a dry lake bed, so of course any rain in the area heads downhill. This is not the first or even second time BM has dealt with mud in the 30 years or so they've been fucking around in the NV desert.
$5200 for a million dollar plus home doesnt sound bad. My house here in St Louis is currently valued at $350k and my insurance with Travelers is $2680.
Seriously! I am in a 300k house in Louisiana and I pay almost 4k a year in insurance.
The insurance covers rebuild costs and is adjusted by risk. Land values vary wildly, so the insurance cost doesn't necessarily scale with property value.
So that guest bathroom renovation has roughly the price of my starter home. 2 million in my town (60 miles south of Chicago), could almost buy one blocks worth of homes. I can understand the insurance companies running the calculations and walking away given the amount of money at risk. I hope you are able to find a solution.
I totally hear you... its just madness really
@@TwoBitDaVinciThe unfunded pension time bomb is coming soon that will force 🚀ing tax increases. Theirs so much corruption that LA is spending $839K to house a single homeless person.
We need to regulate the housing market. There needs to be a lot of regulations that aren't in place and we need to get rid of some regulations that are in place because it's just become a shitshow.
@@i-love-comountains3850 The housing market is MASSIVELY regulated - which is one of the big problems with it. They're just NOT the right regulations.
@@i-love-comountains3850 Texas has higher population growth but has their housing costs in check as they are commonly known as most relaxed zoning and permitting process for development.
Compared to San Francisco a laundromat owned for over 20 years the property owner desired to demolish and rebuild into apartments. Over the span of 5 years and $1.4 million in legal expenses he bailed as it became a 💩show. With the peak absurdity being an approval hurdle of a California Environmental Quality Act claim that the residential complex would cast a partial shadow on a playground next door.. which said playground had a tree on the property.
I live in SoCal, roughly an hour north of San Diego and the price of my home, if we were to sell, is 4 X’s the amount I bought it for in 2011! It’s freaking insane and I just want the costs to come down to a regular, normal, feasible reality. It’s insane. I’m a Californian and this is way too crazy and the bubble will burst.
Sell and move away.
Institutional investors is the problem huge problem by allowing them to play the housing game, it has driven the price of everything up so astronomically in the name of profits that insurance companies can’t cover those costs either another byproduct. Everybody wants to make a profit on everything right now.
If I were you I would take advantage of that. Sell now, and rent or move if possible. Other states like Texas i guess seem expensive in property Texas yet the value of the property is so much cheaper.
The job market I guess in Texas is huge. Some say it is the new California.
Personally I've lived in like 8 states. You won't see me loyal to any state.
Colorado looks nice to me.
?? just sell your house and move
that's an insane return on investment
@@DevinDTV We’re NOT selling, I was just describing how crazy high the prices are around me and how it has gotten and it’s scary. It needs to level out.
If they bother to pay for a claim. I’m still fighting with them. I’ve paid my premiums for decades.
that's the part I didn't even want to get into! I'm afraid of this too! My entire adult life, car and home insurance, i've ever cost them a single dollar...
This isnt a new problem, 10 years ago my grandmother had a pipe leak in her home that she bought in 1956, she had the same insurance policy for over 40 years and they cancelled her policy. They want the money but dont want to pay it out when you try to use it.
I wonder if you could setup some type of an escrow/savings account as self-hosted insurance, kinda like borrowing against a life policy.
I know for the "home warranty" stuff I'd rather do a savings account instead of paying for their coverage and them earning interest.
You may want to contact your county and State insurance commissioner. They are the governmental body in charge of setting the rules under which insurance companies are allowed to do business in a certain area. The purpose of insurance companies is to pay premiums. Don't let them get away with not fulfilling their side of the agreement under which they were allowed to receive your payments. Good luck!
I loved living in California. Leaving was a very hard decision, but it got to the point where it was not financially viable in the long term to stay. I make myself feel better by visiting whenever I get the chance.
Left SD in 2013. Lived there 12 years. So glad to leave. The only positive to CA is the climate.
I couldn't wait to get out of CA. It just felt so oppressive. San Diego and Monterey.
Loved my entire life in CA, just moved at 68. Just done
Left SD two years ago. Fed up with homeless, cost and Corina mandates. Been back to visit. You can't bear the weather but that is about it for me. I'm way ahead financially and more free
Sounds like you should sell and move to somewhere with significantly lower property costs and costs to build your home.
If you can get 2+ million for your home, not liking snow much, you can buy in the south ish. If you're ok with snow then you have more options. with the money from your home you can buy 10 to 30 acers and build a house with solar and water catchment and even one of those nice conch shell wind turbines. you can have everything paid off before you even move in with how much you can make from selling your house.
I was in the Navy, spent 6 years in. I first got USAA because my father was an officer. they've changed the rules so even enlisted can get in. If your parents were in the navy, you can still get USAA
god that sounds SO appealing... my family is all here ... which is the biggest reason I stay... but man that sounds so tempting
USAA took over where GEICO left off. For those who don't know, GEICO stood for Government Employees Insurance COmpany. And if I was staying in Florida, I would be taiking to USAA as dad was a Navy Master Chief. But like Two Bit, I worked with the Federal Government but not for them. US Army Corps of Engineers, construction, building, equipment, operating cost. Which meant that my employer submitted bills to the Corps for my time. 9/11 nearly got us federalized into the Corps because of how much they were having to cover and the fact that we were considered critical infrastructure. We had Army and National Guard guarding us after Andrew and our HQ building after 9/11 had roving armed National Guard as it also housed CoE personnel.
This is our goal!!!
Getting covered for wildfires and such is becoming more difficult for rural homeowners.
Yes I’m in Florida. Rates are jacked but for different reasons. Billions of dollars in scams from lawyers running roofing companies.
Insurance companies also buy policies from “re-insurance companies”. Think of a company insuring 5 buildings in a block of NYC. They “sell off portions of the policy to “re-insurance” companies. They buy portions of the policy to split the risk of that. But it’s something they need to $$ for…..
I live in Central Texas. In April, we had a major hail storm with softball sized hail. There was a lot of damage, but every day, for at least a month after, we had roofing companies and auto body companies going door to door saying "Don't worry, you make us the beneficiary..." or "if you give us power of attorney, you won't have to deal with the insurance company"
I live in Southeast Louisiana. Our wind only insurance has more than tripled in the past 5 years. For profit insurance companies are trying to gouge everyone because so many insurance carriers have left. I personally have had 1 time that I used my insurance. I paid 1000 deductible and they paid 3000 2 years ago. That's it. Paying for insurance for 25+ years and I got 3000 back. I could almost pay for another house for what I've paid in premiums.
What do you mean by "for-profit" Insurance? Are there any that aren't?
for profit = capitalism.
that's so true, and ... so frustrating... there has to be a better way
After Hurricane Andrew, the insurance agents said that if you could make it thru 5 years without damage, you would be better off putting the money in the bank instead of buying insurance. That has change some as banks no longer are paying much in the way of interest. We saw a large number of companies quit writing insurance in Florida. And each storm brings even less companies.
it's not gouging. they are trying to cover losses and make a return. and insurance losses in another part of the country affect your rates.
The California legislature has some process of proposing legislation and scheduling the full year by around March. So... if you have an issue that needs a slot on the schedule, getting that ready for the beginning of the year is key. By this point in the year it's not that they're not doing anything the rest of the year, it's that they've filled the schedule. Any bill is going to have hearings, debate, revisions, etc so takes time.
Your video is very timely. I received a letter from my insurance company a couple weeks ago explaining the upcoming premium would be going up 20%. My head exploded because like you, I was thinking what are my options - do I change deductible? Do I bundle? I need to make an appt with insurance agent for sure. Speaking of insurance as a 65 year old I’m trying to navigate the wild Medicare health plan choices at the same time. Not only is this frustrating (the general situation as you outlined about the insurance industry dilemma) but I think about elderly people in homes who may not understand or track insurance cancellation or renewals. Watching this reminded me to get on the ball and figure out what I need to do.
Thank you for all the informative videos you produce.
Ever think of leaving California? I did in 2009, and many have followed.
Elderly had better options for sure
We are trying to get home insurance right now in Coachella Valley. Our previous insurance company is pulling out of the state and we lose our current insurance in Feb '24. We have a broker and are waiting for a quote from Mercury. Odd data point: If you you have more than 3 dogs, home insurance underwriters won't quote you.
Same with Florida. When people do get renewed, their house payment can go up hundreds after the bank recalculates the escrow. My wife is an insurance agent and we have been waiting for this to happen to us.
I bought a place in Texas with acreage 2 years ago. State Farm quoted me $5500/year for homeowner's insurance. I found a different company for $2100.
Ill take some Michigan weather over those CA prices any day!! I live 10 miles outside of Detroit. I paid 11k Cash for my house in 2009.I walked away from $320k in mortgages on 2 houses ( 1 rental). The house I bought was an abandoned foreclosure. I gutted and remodeled it in 6 months doing all the work myself. My taxes are under 2k per year. I didnt carry insurance for 10 years since i could fix the house myself if something happened. I recently got home insurance and its 700$ per year. I have zero issues feeling safe living here near "spooky" Detroit. I have clients in Detroit. No big deal. I have 3 dogs to warn me of any issues. I can work the hours I want to being self employed in remodeling/handyman business. Stressing about money is something i gave up In 2009 when i gave the mortgaged houses and all the DEBT back to the bank and paid cash for one 2 miles away. debt free ever since. If everybody stopped paying housing prices would correct and banks would have to lower the principle of face another foreclosure crisis. Nope People love being debt slaves until the income dries up.
Spooky and Detroit. Bruh.
I see what you did there....@@d-rot
Halloween's coming.... do you sit on the roof with a g.u.n or a hose? I lived there since 1960. Were you there for the riots in '67? I was. We moved waaaay out to the country, now called West Bloomfield. So did everybody else. Then we moved to the up, m e t h heads galore. No matter where you go in MI, it's a problem.
I own a 1/5th interest in a house on the Texas coast. We buy 2 policies: Fire & Casualty and a Windstorm policy. Two years ago, the premium was ~$5k, last year it was $12k. This year quote was $36k! The replacement cost of the structures is ~$300k! It's called going "naked"!
I hope the new insurance policies allow people to rebuild in less disaster-prone areas instead of forcing people to rebuild in locations that are repeatedly destroyed.
That business model sounds really bad.
@@geoffhaylock6848 why?
@@rubidot Rebuilding in a high hazard area must be a much higher risk for the insurance companies. But going the other way could also lead to fraud. You have a home worth nothing because it is in a high risk area, you could have an "accidental" fire and now you have the cash to build somewhere new? It's tough either way.
I have USAA but I needed to get a supplementary policy on my home because my house is listed as historic so any reconstruction must be by the standards and the same materials the house was originally built with, and that jumps the cost for replacement by 40% higher than normal modern construction.
Government intervenes and causes unintended consequences... shocking.
Yes because no regulation wouldn’t lead to worse outcomes. By far government bad is the greatest propaganda in US history. Famously corporations won’t cut corners monopolize and Jack up prices for less. Literally the problem is government not intervening and not protecting the people and taking back room deals but yea less regulation will somehow make things better
My FL home insurance went up 35% this year alone. At least they didn't drop us, but the cost is getting out of hand.
In one of the big fires in Australia my house's insurance lapsed. I tried to reinstate it and could but a moratorium was set for several weeks in the future. During this stressful time with smoke as thick as fog outside, I set fire to my fry-pan, the extractor fan and the cupboard above while cooking lunch. My family were overseas, I was imagining their return to our blackened empty block as I tried and fortunately succeeded in putting the fire out with a damp towel. Good luck
P.S. Defending your home in a fire is not standing in front of sheets of flame with your hose. It's blocking the gutters and making them motes of water, stacking rubbish/wood/leaves etc away from the house, dampening the house and surrounds. Then it's constant patrolling roof and yard for burning twigs and embers as they get blown in, damp mops are perfect for this.
It's becoming a serious problem in areas of Texas prone to tornadoes. My condominium complex has had extreme difficulty finding a new insurance carrier, because of the 'possibility' of a tornado, despite the fact that the complex is over 50 years old and never experienced one. As a result, our monthly HOA bill has skyrocketed.
There are honestly lots of reasons to leave California, and this is one. Too bad, the state is so beautiful and most of the people are nice.
There is a reason California is a failed state. Frankly, I don't want them moving to southern states like Texas and then ruining it with there stupid policies. The only people who don't know they are the butt of Americas jokes are californians. Sadly though yes there are a TON of folks that are wonderful. But we need some sort of litmus test to only allow them out lol
yes, please go
@@SB-qj3cn I already live in a free state. The advantages are too numerous to list. Enjoy being a subject to your overlords.
Climate change will find you, there is nowhere to run!!!!! This has nothing to do with politics, this is pure raw science. You can't escape it. FACE IT.
@@Vox-Populi You spelled CommieFornia wrong
Most states require insurance companies to get approval for rate setting. Most states’ insurance departments are “owned” by insurers, so it seems that they price with impunity. In Florida, the state insurance department allowed a number of insurers to be insolvent and still sell insurance policies. Thus, the insurers went bankrupt.
The insurers went broke, and left the uninsured exposed to huge losses.
There are *always* unintended consequences! Keep the government out of everything you can.
Move to Ashburn Virginia! All four seasons, no major storms, reasonable insurance and utility cost. Great place to raise a family.
I live in Florida and they are all pulling out, but there are some things that don't add up. My insurer is cancelling my rental property insurance citing the need to reduce their exposure in Florida and due to reinsurance costs (meaning they buy insurance to cover them before they cover you). The company is called Florida Family and is based in Florida, and only insures in Florida; so much for "Floridians helping Floridians"! We also have an insurance fund and state guaranteed coverage to ensure people don't lose their homes if unable to get private insurance to meet mortgage terms.
Basically they only want to insure new homes with the latest building codes in place as they are designed to withstand higher wind speeds. If your roof is 15 years old or more, they don't want to insure you, even if the roof is perfectly fine. The house is 50+ years old, made of concrete block and has never had any wind damage since it was built. That doesn't mean it never will, but we are inland where the risks are far lower than on the coast, and yet this house has withstood 110+ MPH winds for hours at a time without so much as a loose shingle. The homes on the coast are at a much higher risk due to higher windspeeds and storm surge.
The part that doesn't match up with their explanation is that hurricane policies in Florida have very high deductibles. Your fire, theft or even un-named storm damage deductible may be $500, $1000 or whatever you choose (higher deductible = lower rates). The hurricane windstorm deductible is based on a percentage of your home's replacement value, usually 2% but can go up to 10%. Flood insurance is a totally separate policy and is subsidized by the government to an extent, so they aren't taking a risk unless you buy that add on (most don't as it's not needed inland and unaffordable on the coast). A friend who lived on a canal that connected to the intercoastal waterway (lagoon connected to the ocean) was quoted $70,000 per year to insure a $1.2M house. They did not sign up.
For context, I paid $2600 this year to insure my 1000SF rental property of which the replacement value is listed at $262K, so my deductible is over $5200. Note that the last time I did the roof in 2006 it cost me just under $5000, so I'm assuming it would be $11-$12K now. So far, I found one insurance quote for $3200 with the same deductible, provided I obtain at my expense a certified roof inspection showing 5 years of expected life left, which is reasonable. The interesting part is that the new policy pro-rates the value of the roof and the value drops to approximately $0 at year 18. Basically, the chances of them ever cutting a check for this home would be almost zero. The house has never had damage, but if if were to get damaged next year to the point of needing replacement I would first have my roof depreciated (currently around 90% off), and then my $5200 deductible kicks in. Unless the house is flattened, they won't have much to pay for, and considering it's a cement block house it is not going anywhere. I checked into maxing out my deductible to 10% or $26K and it would drop my annual rate to around $2300. I will probably do this as I seriously doubt I'll ever collect anything anyway, so I might as well bank the savings and put it toward any future repairs. I may have to reroof the house just to get insurance, as meeting the latest codes results in a few discounts but more so increases chances of getting coverage. Funny thing is a new roof is actually more valuable and more likely to meet the deductible if it gets damaged, so their risk is not lower overall. I suspect they look at stats and say if a house hasn't had damage in 50+ years, it must be due, but there are other factors such as location, elevation and number of trees in the area. My rental property is in an area with lots of trees. They do slow down the wind in storms and none of them are within falling distance of the house, so they are a net benefit if maintained. Perhaps insurance companies need to hire people to do periodic inspections to rate each home. The couple hundred dollars it'd cost every couple of years would likely educate homeowners on how to avoid losses, as well as allow them to mandate fixes or drop risky homes from their roles.
To your comment about the arbitrary rate regulations, I'm not so sure. It looks to me like they base it on this year's claims against this years revenues. The problem with that is that they should be accruing funds each year without losses to be prepared for years where we see bigger losses. The regulators only require them to keep a percentage of their potential losses in the bank, but they should put more than that aside. They rarely seem to have any rate increases denied, so I don't believe that the state is abusing the insurers, at least here. The roofing scams were horrible, but people are learning more. They show up citing "recent storms" damaging a few of your neighbors' roofs and they are generously offering free roof inspections. They came to my house a few months ago and my wife let them go on the roof to inspect, which I was not happy about. They of course came back with all sorts of damage from the recent hail storms (which did not hit my neighborhood at all). They photographed a vertical window screen that had a 1" round hole in it claiming it was from a hail stone. The screen is 1/2" from the glass, no way it made that hole in the screen without busting the window. I'm guessing a kid poked their finger through it! They also had pics of some light runs in part of our screen porch as hail damage. First of all, those are from our cat trying to catch lizards and second of all, the screen in question was underneath our screened in pool enclosure, so nothing from outside can affect it. Speaking of that, we have over 1000 SF of horizontal screens covering our pool, and somehow that hail that put a hole in the screen and cat scratches in another didn't seem to harm the huge horizontal screens! They also cited shingle damage, which is incorrect as I had my roofer out recently for an annual inspection (we have pool solar panels and have to check the seals annually) and everything was fine. They would have scammed our insurance out of at least $30K for a roof that is 9 years old and has nothing wrong with it. Most people have no knowledge of roofs so they would trust a roofer who says it's damaged and we'll deal with it for you. Sites like Nextdoor are spreading the word to never let a door to door solicitor on your roof as they are often not trustworthy and you have no idea if they are really licensed or insured. You could end up with someone falling and suing you, or ripping you off in some other way.
Damn bro longest comment I’ve seen on TH-cam
@@drsgme Nobody ever accused me of having nothing to say🙂
Obviously here in Canada things may be different but I feel like I should share my own story about seeing insurance claims run their full course:
I won't go into anything too specific because I don't know what trouble I could get in for sharing this stuff about my work but recently, after COVID, a fire happened at my work. It was an accident so it went to insurance. It is a large building mostly made of concrete so the fire only affected one section of one floor. Still that floor had to be entirely quarantined by the restoration crew while they investigated. Their investigation took forever and of course found all kinds of problems their initial quote didn't cover so it was going to take even longer. They ended up taking twice as long as their first estimate and when they finished the details started to get spilled out among the staff. Apparently they had "discovered asbestos" in the affected area... which would be completely understandable if that entire area hadn't been gutted and replaced with new stuff only a few years prior. But because it was handled through insurance the insurance company just paid out the contractors and they got to milk it for as long as possible making some sweet money off of doing nothing work. Obviously this is just a one-off case but I wouldn't be surprised if it's more common and part of why insurance companies are as greedy as they are... ew, I threw up in my mouth a little trying to justify the corporate greed of insurance agencies. =S
I live in Florida, and recently had my roof replaced. The company pushed us hard to fill an insurance claim. My roof was 20 years old and i know it needed to be replaced when i bought it.
My wife and I really debated the right thing to do. We ended up paying $24k to have the roof replaced out of our pocket.
All of our neighbors went think we're dumb for turning down the free roof.
We dont regret our decision, but its hard doing the right thing when everyone else is playing the system.
Our insurance company still dropped us, even though we did the right thing. We're paying the same social price as the cheater, but also have a roof loan we're also paying.
Well done, someone with a conscience 👏 .
I paid $33k for a new roof in 2012 here in Australia 🇦🇺 , could have possibly claimed on insurance but I knew that was just plain wrong!
Hey, Grand Rapids got a shout out 🎉 Yeah, it's nice here if you don't mind the winter. It's not the worst winter, but the cold lakes make it linger into spring.
Especially if your increased risk comes from fire, try Chubb. They even have their own fire fighting crews watching the conditions and guarding homes they insure.
thank you for that! I had heard about them, I'm going to get a quote tomorrow. thanks Ken!
we've looped back around to the origins of firefighting
@@TwoBitDaVinci insurance agent here! Chubb is a non admitted option for many if not all states and non admitted companies also known as E&S also do NOT participate in the guarantee surety fund for admitted California insurance carriers. E&S is a fantastic segment for you to dive into btw 💎
@@jrworking3880 Chubb will be writing homeowners on an admitted basis throughout the Country. The challenge is finding a broker with an appointment.
Berkshire dropped me!!! They cancelled my home insurance with 15 days grace period of finding a new replacement
I'm sorry this is happening to you. We were burned out in the Camp Fire.
oh my god I'm so sorry to hear that... what did you do?
@@TwoBitDaVinci Yes. Thanks to our local insurance agent increasing our coverage annually, we were well insured. I can tell you stories of horrible experiences escaping. It's been four and a half years and I'm not sure I'll ever get over losing the wild animals that visited daily, losing our home, the trees, our community and finally our state. With 95% of the homes gone, 13,000 homes, there was no place to live and no workers to rebuild, and at 64, I was too tired to rebuild. We live in Texas now, near my son, which brings me happiness. We are improving daily. However, Texas isn't California.
Here's an idea, update building codes to make homes that have a better chance of surviving whatever your common disasters are in your area. Or don't build so close to the ocean. People in Florida knew decades ago it is a huge hurricane risk and yet people kept building ocean view properties and wondered why their insurance was so high. Meanwhile people in a safer state pay less for their houses, insurance and taxes. And Ricky" s prediction is spot on. This will be a huge problem in 5 years in many areas of the country.
I gotta say. My house burned down Dec8th 2022, in Massachusetts, on cape cod. The house was bought in 1990 and my father never missed 1 payment, not a single one, even as the premium went up he just paid it and didn’t make a fuss. Our house was worth about 500-600k with a 1 million dollar policy on the home. They will not pay to rebuild the house, not even as it was. They are “eF’in” us hard.
We live in San Diego County as well. Started hearing about severity of this issue when State Farm left this year. And up until now I was worried that I get into same situation with no insurance. Last few years we had Lemonade, but last year they tripled premium from 1.5k to above 4k. I shopped around but best I could find was Farmers. When I saw this video I panicked but apparently Farmers extended policy for us and didn't raise premium too significantly. Maybe that's because we bundle three cars, umbrella and home. So I guess we're good this year.
the way they are rolling it out, from what I gather, is a staggered approach. they are dropping people little at a time... so keep your eyes peeled, I'm hoping your ok and they keep you!
@@TwoBitDaVinci Truth be told, I was not at all surprised. I know you're a centrist so you probably don't watch TYT but seeing as they're based in the Los Angeles area, they reported about this a few weeks ago already. I think they even started about it talking about Florida first. I have a cousin living in a military base in Southern California and her younger sister used to live on campus at the university of california in San Diego studying neurology. One of them told me it was impossible to buy anything there. My aunt has a house in Texas so the younger cousin has returned to Texas to work and live there.
Watch out for Forced-Placed Insurance. This is where the mortgage bank will "provide" insurance after 30 days without. It will easily cost 5x your current cost.
Yah Colorado isn’t too far behind you and I sell insurance now 😳 did you get it figured out? I can probably find you something through our company.
One study estimated that in the event of a blackout during a heatwave in Pheonix 13,000 people would die and half the population would be seeking hospital emergency room assistance.
You could own a property valued at $1M but the land where the home is built is worth $800,000 and the cost to replace the house is $200,000. An increase in the property market value is not necessarily the same increase in the cost to replace the house on the land that it is located.
You're forgetting utilities needing to be setup from scratch that would be a nightmare waiting game for even starting and completion.
Good luck building a new house for 200k
@@gordo3582 We're currently building a detached garage and will be glad if we can keep it under 120k. No bathroom.
😂California Public Utilities Commission is stating cost of undergrounding existing overhead distribution infrastructure is $1.85 to $6.072 PER MILE which broadband could piggyback off the trenching run to reduce their costs. Existing sewage lines could be recycled assuming same population density.
@@gordo3582 Just a numbers example. Multiply it by 10 if it helps the comprehension.
Texas does the same thing. With insurance gouging. Everytime there is hail storm every one gets a new roof. Insurance charges so much along with property taxes. I pay $12k in property tax and 3k on insurance on a $400k house.
One engineered solution may be to prosecute property crime and put criminals in prison to reduce property claims. Insurance isn't just for weather.
What the heck does property crime got to do with this?!?
Louisiana as well, our insurance premiums increases 3k in just 2.5 years. So many companies just pulled out of the state all together. we will have to leave south Louisiana one day, and honestly I’m tired of these bad ass hurricanes anyway.
Good summary Ricky! The state needs to minimize it's regulation of the industry and let the free market price insurance. If for instance Pemco insurance sets their rates higher than everyone else to "get rich" then people will move to their competitor, say Allstate. It's not pricing that the government needs to enforce. It's things like making sure policies actually protect people from loss and are paid out in a timely manner that the state needs to regulate. Part of the reason California houses keep getting more expensive is the regulations associated with building permits, building materials and labor. Everything that makes building a house more difficult or expensive ultimately affects all house prices due to supply and demand. Prices will likely start to decline in any areas where the total population starts dropping.
Cost of gas and lack of west coast refineries and pipelines, adds to material costs.
They used to have that. The "free market" decided everything.
The problem was things like that drug company a few years back that raised the price of their drug by like a 1,000 percent.
I believe the CEO was eventually jailed (for something else), but the price stayed ridiculously high for a drug some desperately needed.
This sort of pirate capitalism happens in any unregulated "free market", which is why most markets of any kind these day are regulated.
It's also why when a new market opens up you hear all kinds of scam stories, and then the regulations come in and those stories disappear.
dont forget the increase to bring old houses up to code...GFCI/AFCI on almost every breaker significantly increases panel expenses as an example. Copper, PEX (oil cost) lumber all up
Yes because you shouldn’t get rid of the asbestos and have proper wiring. Put that stuff off, nothing will happen 🙄
Ricky you always deliver such great concise well balanced information.
You are the type of human that I pray for that will get involved in leadership and really make that difference.
I have never volunteered to work a campaign.. but I'm telling you dude if you ever ran for anything I would be out there knocking on doors signs on the corner shaking them I just think you're an amazing guy
I live in Santa Fe and my insurance is California Casualty. They just wrote me to tell me they will no longer cover New Mexico and insure my home and car. I have been with them for 25 years!!
The price of a house largely depends on the highest amount any lender will loan a borrower to buy it. If houses are not insurable then that will help discourage banks from over-enslaving their borrowers.
3 things to greatly reduce fire risk: 1. Fire break 2. Fireproof roof. 3. Fine steel screens on eve vents.
Great, level headed take. Glad you took the time to look into the details. Love this channel!
Grand Rapids, MI, and Boise, ID, are big enough to have amenities, and small enough to be manageable and affordable.
The primary cause in Florida was insurance fraud, specifically roofing fraud. Roofer had lawyers on staff and they knew how to game the system to force insurers to pay out for a new roof as well as, potentially, legal costs. EDIT: Also needed to swap car insurance because I bought an EV, my old insurer would not insure EVs.
I agree
That roofing thing doesn’t sound all that different from here in Alabama. Usually it’s wind and hail.
Same in Louisiana. After Ida, they were charging 2-3x’s the amount to replace a roof. They hired crews of what seemed to be illegals and they were doing a roof a day. Now our insurance is through the roof.
Just because your house is worth $1 million doesn't mean it takes $1 million to rebuild. Most of values in California is on land, not improvement. Land doesn't go away and doesn't diminish in value. They should only insure you on improvement, not on land.
Wow, sad day. Hope it works out for you folks. I guess we are going to see more and more of this.
Home owner insurers have been pulling out of Florida and Louisiana too. So many hurricanes make it tough to insure. im sure other gulf states are battling that too. Im in Louisiana and my rates doubled last year.
Texas 👆
They are too busy taking away 2A rights in California to care about insurance and the common man. Florida's problem is the fraudulent lawsuits brought onto insurance companies. The country is falling apart and the greedy we've voted into office over and over again dont seem to care. I used to love visiting San Fran back in the early 00's. Now Im not sure I'll ever go back again unfortunately.
Edit: Just got to the part where you talked about the florida claims lol. Its crazy isnt it? They tried doing that in Texas too and have really clamped down on it. We had a hail event that totaled our roof and our roof guy said its common to replace a roof due to damage here every 7-10 years or less in certain areas. Our weather can suck sometimes.
It must be scary to own a million dollar house and have no insurance. This country is in deep you know what.
California is an absolutely beautiful state🥰! I lived in SFO for 1.5 years and cried when I left. I’m praying for what’s going on there. And you’re right even though I want to come back I probably won’t, being I’m close to retirement age, but I love visiting as much as I can. It’s like God took all of His goodness and poured it into the state, it’s breath taking. I’ve travelled the world and if I were financially able and could bring my extended family with me California would be the place🙂! Keeping you and other Californians in my prayers.
Any home with a mortgage must be insured by the bank's mortgage contract, so the bank will give you a ridiculous insurance policy by contract.
Phoenix's big issue will be water supply. Last year's severe depletion of Colorado River water flow is probably not going to be an outlier. While Lake Mead has recovered quite a bit, I think a repeat of that drought is very likely. The cost of finding an alternate water supply will be enormous. We're sitting here in Reno with only earthquakes to contend with.
Even rainy Washington state is beginning to experience this. Sept 19th article in The Seattle Times titled "How wildfire risk scoring puts WA homeowners in insurance jeopardy"
Great video. It is also directly related to the federal guidance to stop providing as much federal financial backing for high cost insurance areas.
Wait. So you think that I, a taxpayer in another state, should have my tax dollars go towards paying your insurance policy because YOU decided to live in a high risk area? No.
@@wb1340 All insurance operates this way. Individuals don't get to decide who gets insured, that's what insurance is about. If the federal government did not provide flood insurance, no one could live in Florida. Private insurance has decided that flood insurance is too high a risk for the market to provide. Now we're seeing a similar problem in Cali. Like this video is hinting at, there will likely come a time when high fire risk areas will not be rebuilt and can't be insured. This will continue to result in a silent migration to the Eastern US. But at the same time there are areas of the US that use to burn more frequently, like Cali prior to Forest Service stopping indigenous controlled burning practices. Forest research is starting to show that in some areas, forest fires are necessary for some tree species, like redwoods. More research is needed.
@@sebastianallenExactly. If it is too expensive (aka, dangerous) to live somewhere, move. Or take your chances without insurance, and without tax money bail-outs.
Montana has had a 20-30 percent increase in taxes and my insurance has doubled in the last three years. State Farm got out of Florida several years ago. They had lost money in the state for over 50 years. When the state tries to lower insurance by limiting prices you are screwed
Just move the family and the team to Colorado, you and my buddy Caleb can build houses and a massive TH-cam studio in the back;)
I really appreciate your vids. You are a blessing. I'm sorry this has happened to you.
I'm from Texas I made it about 12 minutes in before I had enough. I have family in California they think they are hard right. They kind of are for California. But compared to the Midwest they're still left of center. Two-bit here thinks he's center, but only compared to California. I lived there for 2 years. There's something about the atmosphere and energy that changes your thinking. I moved back to Texas and it took several years for it to dawn on me how my thinking had changed. The worst thing about California is that it makes you think you're smarter than everyone else. He downloads a new app and now he feels like an expert on extreme weather. But mostly it's just the smug self righteousness that they don't even recognize they have. Take it with the grain of salt people it's just one Californians opinion. The problems he's talking about are real but he's looking at them through a California lens.
do you think the insurance companies are leaving Cal. for more than Home Owners Insurance replacement cost ? I heard that the crime wave is also an important factor.
One element that gets under discussed is the way that insurance companies have been covering the costs of bad investment decisions by passing their losses onto rate payers. Frankly, California, Florida and the like should set up their own insurance pools, not for profit or investment, but to actually insure homeowners and provide competition. Because ultimately, if you pay $4500 a month on your mortgage and it costs $2500 a month to insure it with a private company, most middle class folks won't be able to buy a house anyway.
Ricky, we would love to have you in Texas. It's unfortunately hot for sure.
No matter how beautiful a state might be poor leadership will eventually make leaving that state a logical option. You will be able to retire one day while still being a present father in a different state.
If you stay where you are it won't get better. You only have your kids for so many years. Once they are grown and gone you will miss those days of having them around daily.
I have never heard any child say, "I wished you had worked more dad."
Re-visit your priorities once a year or more. If you are moving directly towards your goal then great. Continue on. If not, make changes that will accomplish your goals.
Life is too short Ricky. It's here today and gone tomorrow. Just focus on your wife and kids. You can do TH-cam from anywhere. The people who enjoy your channel aren't going anywhere. We should never factor in on your decision. Just don't waste too many years to make any move. Kids grow up way too soon.
Blessings to you!
Brian
I live in MA. Just received a letter from my home insurance company that they will not renew my policy. Only reason stated was my risk profile has increased. In the past they would have increased the rate. Now they just cancel and replace my house with a lower risk house.
Government interventions have consequences so choose wisely
Free markets lead to snake oil and sawdust in bread. Every choice has consequences. Not really saying anything there Chief.
Years ago after a couple of hurricanes devastated the island of Kauai (1982 and 1992), Hawaii went through a problem where insurance companies no longer provided hurricane insurance, which mortgage companies require. The state stepped in with the hurricane relief fund. This is what CA is likely going to do, as there is no alternative. Government will essentially socialize homeowner's insurance.
You Will Own Nothing And Be Happy! 😞
Just watch, government run home owners insurance, government run grocery stores, government run electricity? What could possibly go wrong.
Is part of the law - when they app insuring our citizens, their business licenses will be withdrawn, meaning every other product they used to sell is forbidden? No insurance? No other financial instruments either. In other words no policies, no other class of products either.
The latest large Colorado fire was caused by utility issues. They are being sued by homeowners. Forest management is always a challenge, but Colorado has not had a major fire season in some time.
They tried to do that with is in NorCal, wanting pictures proving our property was clear of "Debris", they attached a year+ old grainy Google maps photo, had to show photo proof my structures were clear and that the 5 vehicles across my property were properly registered (they were). They eventually agreed to renew but some of my customers haven't been so lucky 😢
Hey Ricky, thanks for covering this extremely pertinent & current issue!
My insurance company has raised my rates to help pay for all the money they have to pay for in states like California, Oklahoma, Louisiana, Mississippi, and all the other states that have been negatively affected by the change of weather. So not only are the states where they have high cost for housingand devastating effects of global warming is paying for it, but even the states that don’t have as much devastating affect from global warming is paying for it too.
$20k in property taxes?? Holy hell! That is just ludicrous!
I just bought a house on 20 acres of wild land zoned hillside 25 miles south of San Jose, CA. I had to use California Fair Plan. AAA covered part of it. Did cost close to $5k. What kept it from being worst is that the roof had cement tiles and the cladding was Hardy board, also non flammable. I was happy to get that because there were not a lot of choices.
glad to have you back!! been here since 91 -- stayin!
Ins. co's in Florida have been cancelling policies because people's yards are "cluttered". So you clean up the yard. "Sorry, we're done with you."