Quote:
Originally Posted by dewilson58
5000 homes, say $500,000 replacement value creates $2.5B in exposure, would need 250,000,000 in reserves.
All those premiums don't even cover 1/2 of the reserve requirements, not to mention claims paid over the 15 years, operating expenses, etc.
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First of all the one tornado incident that people refer to probably effected less than 1% of the villages homes. If some catastrophic event took out 5,000 homes we probably wouldn't be around to worry about rebuilding.