Talk of The Villages Florida - View Single Post - Headline: Homeowners insurance crisis hits villages
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Old 08-26-2022, 05:04 PM
DAVES DAVES is offline
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Quote:
Originally Posted by TSO/ISPF View Post
Maybe the "Developer" can come up with a solution. They have a bank, why not start and insurance company?
An insurance company, you pay a company a fee to accept your risk. Homeowners insurance, if you do not have a mortgage you can choose to self insure-if there is a loss you pay the damage.

In terms of a Villages only insurance company, if it exists, I would hesitate to use them. A major localized situation and the company would not have customers outside a local loss area.