Quote:
Originally Posted by OrangeBlossomBaby
What we need is an audit of how much money has been spent on car homeowner's insurance in my neighborhood, and how many times claims have been called in. To me, it doesn't make sense to just throw money at something without any data to justify it.
Facts: not many. And yet we bear the costs of other neighborhoods who have called in insurance much more often. The roof scandal is a great example of that. Only a limited number of streets in The Villages participated in the fraud of unscrupulous roofers submitting the insurance claims on behalf of customers who didn't actually need new roofs. But all site-built homes in The Villages are feeling the fallout from that now.
Meanwhile, the people who genuinely do need a new roof - have to pay through the nose, because those unscrupulous roofers are no longer around to give cut rates to the consumer while submitting bloated prices to the insurance companies.
|
If you don't have a mortgage, homeowner's insurance is optional. If you think it is too expensive, then don't buy it.