INSURANCE Will DESTROY EVER Getting An Affordable Home

[@KristinaSmallhorn]

Would Insurance Costs Stop You From Buying An Affordable Home? WATCH! Not a Crash: I See Signs the Housing Bubble Is Cracking kzbin.info/www/bejne/jGPNdGCriLKHoKcsi=12msi7W2mA26Tvoe

[@bubscat2984]

United Nations "Sustainable Development Goals" protocols in action. Everything is being rolled out per decades (possibly centuries) old plan. America is being systematically dismantled in a myriad of ways, like making home ownership nearly impossible for starters. The supposed "byproduct" (uninsurable homes) your presenting, is 100% engineered. Climate Change is a scientifically baseless claim. Anyone with a handful of braincells to rub together, can clearly see that the unrelenting barrage of weather "anomalies" starting circa 2010 ARE NOT NATURAL! As common folk continue to obfuscate reality, in a futile childish attempt to "make it all go away," the powers that be are devastating American citizens in real time. Military technology is clearly being utilized to create massive, highly destructive "weather events" to reinforce the fraudulent "CC" narrative, justifying legislation of abject insanity. Pardon the pun, but banks can weather massive losses by simple virtue of tax write-offs alone! Home owners, or any type of forced insurance is yet another example of the engineered destruction. The masters of this big top circus tent we're all stuck beneath, are diabolical and abjectly EVIL! Forcing buyers to carry insurance was likely NEVER about protection of assets. I'd bet requiring HOI (along with auto) was put forth as a financial weapon in waiting for a time such as this. Tooting my own horn here, I have been screaming at people for years about this very situation. It's easy to see, if giant swaths (neighborhoods) are continually being burned to ash, hurricanes repeatedly devastating coastlines (BTW, ever notice the elite neighborhoods (ala Hamptons never get hit?) Stop and think about the insanity surrounding California's blatant self imposed criminal free-for-all manifesting chaos, drug epidemic and the rash of homelessness that has been intentionally manifested via treasonous city attorneys' and supposed officials! The wreck is going down, get out before you drown.

[@Tugela60]

Insurance companies are NOT making lots of money. Margins in the industry are below average compared to other industries.

[@judithrivera3385]

11:23 The so called civilized society criticizing native American for living a in cave. Native Americans. Still they called me savauge 😂

[@Riggsnic_co]

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

[@Jamessmith-12]

If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

[@JacquelinePerrira]

consider moving your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilize. Seeking advice from a financial advisor who understands the market could be helpful in making the right decisions.

[@kevinmarten]

I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?

[@JacquelinePerrira]

Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@kevinmarten]

She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.

[@codyputman5651]

I just can’t truly believe that this isn’t a ploy for corporations to slowly edge the individual out of home ownership. As a young man just starting my journey how am I supposed to grow wealth when even purchasing a low income house could bankrupt me by one mistake or one bad storm. It’s truly dystopian

[@motohound90]

The claims and lawyers are to blame

[@blackellegirl]

@@motohound90no, it’s greed.

[@slava789]

Most of the people are in denial and too scared to face the reality that this is very well orchestrated effort

[@odessajackson4551]

Home insurance, medical insurance and car insurance companies are like the mafia!!!

[@SigFigNewton]

Super unfair to home and car insurers to equate them with US health insurance companies Doing what one can to avoid saving homes vs. doing what one can do avoid saving lives just ain’t the same. Single payer health care. The fact that it’s also cheaper is just a bonus.

[@alphaomega1351]

Insurance is the best legal scam ever. 1. Can raise rates as high as the sky 2. Can legally give clients the boot 3. In many cases, people are forced to have it 😳

[@AnnAndNala]

100%. We need to have laws in place that restrict their corrupt BS on Americans. Its pretty shocking that we don't yet.

[@chenanigans]

And when something happens they usually find a way out of not covering

[@nomdeguerre8464]

Then don't buy?

[@jer1776]

@nomdeguerre Reread #3, that isnt always an option.

[@buffycat4641]

Price insurance increases must be approved by State elected insurance commissioners. It is up to the residents to decide who they put in those positions.

[@MaxwellErwin]

It's sad because an owned home is one of the keys to a solid retirement. If you can't keep your home long enough to pay it off, or if you can't keep you paid off home with a fixed income because of insurance costs, what kind of retirement will an entire generation have, especially as we live longer and have more medical expenses. We should be incentivizing people to buy homes, not punishing them.

[@thespacecowboy420]

Evil doesn't want you to live, it wants you to pay.

[@EImpact-zt9rg]

Average lifespan went down after the solution to covid. Talk to your local morticians.

[@buffycat4641]

@@thespacecowboy420 And when more and more people are put out on the street because they can't afford to pay the cost, and also can't afford the high rents the elitist Republican appointees on the Supreme Court have not mad living on the streets an arrestable offense,

[@buffycat4641]

@@EImpact-zt9rg Average lifespan is alive and well. I am 80 and had all Covid Vaccines known to man and still doing just fine.

[@mike60521x]

@@buffycat4641 i have natural immunity to covid - took no jabs AND no side effects to the jab - alive and well

[@FaeDruid]

Yes, this is a real problem. I can finally afford a home in Florida but now I can’t afford the insurance sometimes it feels like the worlds gone crazy.

[@motohound90]

@@FaeDruid if you cant afford the costs associated with the home then you cant afford it. Not saying its not a problem just saying the semantics matter

[@miriamseidel8463]

Yes, we are living in an upside-down world!!!

[@ghazman6141]

All the corporations got greedy, and local governments let them.

[@SigFigNewton]

Lack of regulation will do that

[@travelnurseadventures3225]

corporatism=oligarchy communism

[@Tugela60]

No, the problem is people building houses in the wrong places because it is "nice".

[@jburch1544]

@ghazman6141 Building in high-risk areas to flooding, fire, hurricanes, etc, along with McMansions, costs big money to replace. This does not help, not many people did not live in these areas back in the day and the risk on themselves if they did

[@kevinwilt3918]

Local governments can't stop them. They can just leave the area.

[@perkinatorfpv5553]

They complain about fraudulent claims, yet proceed with fraudulent policies and premiums

[@cynthiacantrell2037]

They took all the inexpensive homes and put a 2 or 3 in front of the number, same house, no improvements. Out of control greed. Even land has gone through the roof. $275,000 for 5 unimproved acres nowhere near the water, no house.

[@suen5006]

Who is "they"? Who are you blaming for the rapid real estate price increases?

[@Itwasme007]

Where are you buying that land downtown New york?

[@cynthiacantrell2037]

@@Itwasme007 Baldwin County Alabama

[@todddunn945]

That land is cheap. Where I live in Maine an unimproved acre will cost you $150K or more. In that case unimproved means wooded land with no city water or sewer. So you will have to clear the land, put in a driveway for access, drill a well and put in a septic system. You would be looking at $220K to $250K before you could even start construction.

[@cynthiacantrell2037]

A $200,000 jump prices out everyone from here. I will have to increase my wages somehow.

[@victorsong8416]

I believe it's organized and deliberate, to get people out of their houses and make them renters. When that's completed, ins rates will be normal again, the corporations who by then will own the houses, will not tolerate those insurance rates. Remember Klaus Schwab's utterance: "You'll own nothing and you'll be happy".

[@buffycat4641]

Not so, a lot of the corporations that bought up many thousands of homes in 2008 to rent them out are facing the same increases and not being able to rent them at prices that would offset the insurance increases.

[@CMBBmc-jd6ur]

Correct.

[@jenergy1000]

Accurate. They want us in the cities under their thumb and eye.

[@soccersprint]

Make your own home repair emergency account if your home is already paid off. F the insurance company.

[@sugasweet435]

In my mid 20s and my plan is to buy the most run down shack, speed run paying it off, throw repair money at it so it’s functional and designed to my liking, then dump the insurance first chance I get. They don’t wanna pay me anyway, so I won’t force them 🤷🏾‍♀️

[@KingFergus]

The insurance is high because house's are priced %50-%60 more than they're worth..

[@paraax]

Not how insurance works, you are insured for rebuilding cost. So if it is cheaper to rebuild than buy a similar house that would keep prices down. Truth is building costs are also up.

[@prismbrandingrealestatebra6301]

Another aspect that is not being discussed is how even those with great credit scores get terrible rates on loans. I had an 820 credit score with no debt and my recent loan for $10k came at the same 10% rate as someone who woild have a 740 score. ??? So a great score just means that you won't get denied the loan, but after that it doesn't mean anything.

[@oljerseysoul8724]

So engaging !!

[@bentleymalshi7953]

The nature of affordable housing today is like swimming in a water full of sharks and crocodiles. You're okay as long as you play dead and don't make any moves in any direction.

[@suemilkbone4868]

I paid off my home early just so that I have the option of dropping my home insurance if it becomes too expensive. Whether the insurance companies are really in dire straits is impossible for me to know.

[@richardbarry2140]

I used to own a house in Oakland, CA. The earthquake insurance, furnished by the state, was $3000 and has a 20% deductible. The city and county charge a slew of special assessments. The city required the trees and plants to be trimmed and removed, and the fire department inspected each year ready to fine for noncompliance. If you leave your house vacant or have a lot without a house (with some exceptions) Oakland charges a $6000 vacancy tax.

[@victorpalmer5749]

Insurance is a ripoff 💔😢 From $10K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.

[@oliviaedgington1388]

Most people don't understand the concept of "buying the dip" buying the dip is all about buying digital assets when their prices are down and selling off when the price rises.

[@KabobHope]

Things will never change until we stop looking at houses as investments.

[@brianhall8097]

You're right in my 58 years of living it has not been no investment becoming an expensive place to throw my hat the United States have become a very dishonest country we're no better than the rest of the Savage world

[@AnnAndNala]

🎯

[@SigFigNewton]

Supply is all that’s needed for markets to change. Tho yeah I admit vacancy taxes do help in ensuring that housing supply is actually housing supply

[@diazpty]

We? Its become part of wall street, main street (american dream) is dead!

[@ambiebby1636]

This. Houses used to be something you lived in your whole life and passed on to your kids and they’d do the same. We need to start thinking more like communities instead of individuals.

[@dianeboynton2964]

You will own nothing and love it. CEOs wouldn’t be able to keep their jet skis boats second houses if they gave us decent rates on insurance.

[@edwardsanchez3708]

Yes they would

[@BM_100]

@@dianeboynton2964 Lol the rich own yachts here in South Florida. Used Jet skis are for the commoners

[@RED-cy7ig]

Another current example of out of control greed.

[@Joce123]

And what are you going to do about it??.. What are your plans and what are your solutions?

[@bubscat2984]

Dream on. You are witnessing modern warfare. Americans are being intentionally destroyed in real time. Look up UN AGENDA 21/2030 "Sustainable Development Goals| protocols. Displacing families is just the start. Survivors of the impending culling will be forced into "Smart Cities" "Stack-n-pack" housing. You will be surveilled 24/7. The military is engineering EVERYTHING weather related. This is what happens when you subscribe to the notion "never talk religion or politics" stay asleep at the wheel, and allow foreign subverters to take over government.

[@Bigdog1787]

​@@Joce123 plans is to vote for Trump need to keep Democrats presidents from winning ever again at jest for 20 years they have corrupted our government over the years for far too long it will take awhile for Republicans to remove this corruption.

[@SigFigNewton]

When natural disasters become more likely to destroy homes, home insurance rates go up.🤷🏼‍♂️

[@JamieRascon-c7e]

I have been dealing with health insurance for the past 30 years(I have an auto-immune disease) it is the same story there. I pay them an incredible amount of money monthly but yet they deny health care that is needed. It is absolutely crazy! 🤦‍♀️

[@rafaelarroyo5176]

Thanks for always defending manufactured homes as affordable housing. I bought my new single wide 4 years ago and I'm very happy. Yes, My mortgage keeps going up every year mainly due to the insurance. I'm in Ocala Florida. I bought before covid so I was lucky to get my new home on my own land lot. Not a park. But, if I ever decide to sell I am not going to be able to qualify nor afford for another home. Because prices have exploded in Florida. Thanks for all you do!

[@kensiegert334]

I was looking at a manufactured double wide home to put on our property in Franklin County Florida, which is zone three. Found a Company online that gave me a quote of $8000. We have very high credit scores and that did not matter in regards to what it was going to cost for the insurance. We did not get the manufactured home.

[@Tugela60]

Your credit score has nothing to do with the risk. Floods and hurricanes don't check out peoples credit scores.

[@dynamicpiece]

I live in Michigan and my homeowners insurance increased this year. Everything is increasing and it's getting out of control.

[@armeniansdoitbetter]

It really has. I went from 750 in 2018 to 3k currently. Its cursory. If I could drop it, I would.

[@AnnC....]

I've been living in Western N.C. for almost 30 years, the weather here has not changed, we do have heat waves sometimes, nothing unusual, sometimes we have snow, that is exciting when we do have snow, Thank you Kristina

[@KristinaSmallhorn]

@@AnnC.... we get snow here very rarely but when we do it’s mayhem. The whole city shuts down.

[@AnnC....]

@@KristinaSmallhorn That's funny

[@noreenn6976]

​@@AnnC....Has your homeowners insurance gone up?

[@AnnC....]

@@noreenn6976 My homeowners insurance went up 100.00, our Taxes are going up in 2025.

[@laurarabon1844]

yes, it has changed.

[@ericmaclaurin8525]

More people will get forced out before it's fixed but one improvement we need to make fast is lenders accepting insurance that pays enough to pay off the mortgage instead of paying enough to rebuild the house. I'll happily risk being stuck with a burned down house and no mortgage if the bank will and the option is not being able to buy a home at all. Looking at a commercial building of 30,000 Sq feet for about a million and the insurance cost is about the same as the same size building that's worth $15,000,000.

[@alexzanderroberts995]

@@ericmaclaurin8525the insurance price should be a % value of the tax estimate of the house.

[@aeapts]

Yes, I think private equity is definitely behind everything that is pushing people out of home ownership. " 'You'll own nothing and you'll be happy' is a phrase originating in a 2016 video by the World Economic Forum, summarizing an essay written by Danish politician Ida Auken. The phrase has been used by critics who accuse the WEF of desiring restrictions on ownership of private property." Wikipedia

[@eattherich9215]

That is an erroneous summation because that IS NOT what Auken predicted. People are are blindly parroting 'you will own nothing' and don't even understand the underlying argument of the essay.

[@Tugela60]

Stop being poor then. Problem solved.

[@blackellegirl]

@@Tugela60 thanks for that advice. I’ve been trying not to be poor for a very long time. 😒

[@TheClubbinator]

$488 a month for ours!!! You will be charged for fires and floods in other states.

[@KristinaSmallhorn]

@@TheClubbinator my homeowners is $4,000 a year. It was $2,400 a year ago.

[@colettespencer3357]

​@@KristinaSmallhornomg! Wow..I live in san diego..who knows what's about to happen here with state farm...

[@truthmatters7805]

​@@colettespencer3357 Yeah, lived there my entire life! Moved!!!!

[@Omar_Zazzle]

@@KristinaSmallhorn

[@KristinaSmallhorn]

@@colettespencer3357 State Farm is super expensive here if they will even cover you.

[@falsificationism]

I've been waiting for this one since the livestream on Sunday. My insurance costs literally DOUBLED when my insurer dropped me. Any reasonable homebuyer has an emergency fund and expects random repairs, insurance premium and tax increases, etc. I know I did. But nobody expects them to DOUBLE overnight for a higher deductible and a bare-bones plan. Insurance is the one industry that can simply raise prices without justification. They said my roof was "the wrong shape." All of a sudden, insurance companies discovered climate risks? Really? I'm pretty sure if there are climate risks, they didn't materialize in the last 12 months. And if they did randomly discover these risks, honestly, that means they're all incredibly bad at modeling risk...which is sort of their only job. I'm furious, but I feel completely powerless...it's not like I can go without it (I'm on a mortgage, so I MUST have insurance). If we all start losing our homes again, we know exactly who to blame this time. I'll be listening to their quarterly earnings calls to see if they're bragging about increased profit margins like all the other greedy companies did during the pandemic when they blamed "inflation." Inflation, you say? Well, who the hell is inflating the prices? Riddle me that...

[@buffycat4641]

Don't know what state you live in, but do a bit of research at the state level. Who is your elected Insurance Commissioner. How many times have insurance companies requested rate hikes, and how many times did the Commissioner approve them or not approve them?

[@Tugela60]

No they discovered they have been underestimating the risk, and they have discovered that insurance fraud is rampant.

[@falsificationism]

@@Tugela60 Do you work for an insurance company? How do you know this? What do the risk models look like now compared to what they looked like before? If they have rock-solid evidence of fraud, why charge all customers for fraud instead of simply prosecuting the fraudsters?

[@Tugela60]

@@falsificationism Telling you what is happening and why. You not liking that does not change it.

[@KaceyGreen]

Corporate greed! our current one dropped us 6 times during the signup process, they're from FL, we're not, nor is our house

[@RonDamonesoeso]

Many insurance companies that sell personal lines homeowners do not accept LLCs or businesses as a named insured. If homes are no longer owned by individuals but companies then personal lines insurance companies would lose customers.

[@thanosianthemadtitanic]

two things can be true at once. I do think the weather is getting more extreme each year but also there's definatly alot of greedy oligarchy going on

[@SigFigNewton]

I’ve never bought a home. Is it easy for a buyer to choose from among many insurers? In a lot of cases, competition is what keeps prices where they should be

[@SigFigNewton]

Also it’s silly to deny climate change

[@thanosianthemadtitanic]

@@SigFigNewton not when they price fix

[@roadwarrior528]

@@SigFigNewton Silly do deny climate change? Bad weather happens, but it has nothing to do with what humans are doing. Want proof? Every climate change prediction has not come true. Most recent example is Al Gore saying the polar ice caps will melt by 2020. Guess what? They're still there, strong as ever. You Democrats are nothing more than sheep, believing all the lies told by your Democrat politician overlords.

[@buffycat4641]

@@SigFigNewton In certain states there is no actual competition, Florida is one example.

[@resurrectionsunday4164]

Insurance is a big hurt to people more than a helper. In basically every industry. Especially where it is required for us to buy it and not required of the insurance companies to actually give us anything for our money.

[@amorino77ify]

Follow the money and who controls these companies.

[@SigFigNewton]

Irrelevant. It’s what incentives are those who control these companies operating under. To change human behavior, change incentive structures.

[@SigFigNewton]

Is it an oligopoly issue? Highly competitive environments are needed in order to make the profit motive of capitalism serve society rather than hurt it

[@EImpact-zt9rg]

Probably. Bc our food, news, and curriculums are.

[@KEVIN-sx1ed]

Earth homes might be an alternative. Also what about Spanish slate roofs? They seemed to last forever. Space design homes? Dome homes?

[@exmarine268]

Fortunately, I have no mortgage and no HOA. So, when insurance cost reaches the gouging level, I will drop it. I will take my chances.

[@loboalamo]

Insurance = mosquitoes and ticks or vampires. They themselves own some of the most luxurious homes in property annihilation zones . Take the Coastal regions, forest and earthquake zones for example. Mudslides, floods, tornadoes hail and wind and fires. May as well flush buckets of hard earned money down the toilet. It seems they want to stay in business with out providing the service because by law you have to pay for the insurance; so it appears that the company stick it on you and take your money; they put in the policy that they don’t have to pay the particular because it’s a tornado, forest fire prone area, it’s sort of like health care insurance. Diabetics and others left on their own when they could have kept their money in the bank and eaten better, have more gas and time to travel and see their families. I HEAR about this all over the internet and KZbin. Homelessness is ridiculous. It’s by design.

[@Satire-Gaming]

It is far cheaper to lease than own these days. Corporate and politician greed is ruining every facet of life in this country.

[@buffycat4641]

The landlords are facing the same increases, and therefore those increases will be passed on to the renters.

[@erniegutierrez2288]

@@buffycat4641 Often times the landlords are banks or equity firms, or some wealthy investor. There are people who own multiple units in my condo complex. They have the ability to outright buy condos in cash and then rent them out to half a dozen people often charging 3200 a month for a 2 bedroom condo.

[@Satire-Gaming]

@@buffycat4641 Yes I know, and it is still cheaper to lease regardless of you stating facts everybody already knows...

[@zm5513]

No it’s govt greed in bed with corporations

[@cfoster6804]

If i paid off my home I'd drop insurance so fast! Take the money i was paying toward mortgage and just stack it up for repairs/disasters. There's your insurance in your own banking account. We can insure ourselves. They try to take everything out of our hands until we are completely relient on this system like little babies.

[@laurarabon1844]

put the money in the bank instead of paying for insurance

[@SigFigNewton]

Works for the small minority of home buyers not using a mortgage

[@jonathanjacques7250]

💯

[@jer1776]

@SigFigNewton Or if you have a home in an HOA that requires it, which is 83% of new construction..

[@jonathanjacques7250]

@@SigFigNewton actually around 40% of homeowners are mortgage free.

[@buffycat4641]

And if your home is totally destroyed and you have let's say $50,000 saved in the bank, where will you get the rest to rebuild?

[@TheRachag]

So I’ve read about people who dropped insurance and self insured. They put money in a savings account instead of insurance and had the value of the homes saved.

[@buffycat4641]

It would take a long time to save up the money of your home's value, and if it was destroyed in some way where would you come up with the portion you had not yet saved?

[@armeniansdoitbetter]

This is probably the best option. Even with insurance, they deny claims so much that any coverage is really cursory.

[@loboalamo]

Very sad but a GREAT, EYE OPENING REPORT!! Thanks to you people learn something and get the right perspective from someone skilled in their work.

[@dystopia-usa]

American-brand late-stage capitalism without any proper guard rails. What could go wrong?

[@KK-qc5ct]

Someone smarter than me said that insurance companies are heavily invested in commercial real estate

[@KristinaSmallhorn]

@@KK-qc5ct I wonder if that’s because it’s so cheap now. Commercial real estate has been in a tumble for the past 4 years.

[@RetroTechUSA]

This stuff is all regional. I pay $800/year for home insurance with a $300 deductible. $325k home that was built in 1990.

[@SigFigNewton]

Not many hurricanes and fires where you live?

[@nomdeguerre8464]

​@@SigFigNewtonprobably. Imagine that - not living in a hurricane or flood zone. Shocking.

[@buffycat4641]

Insurance companies are shifting increases to areas that do not have strong regulations on insurance rate hikes. Hopefully you continue to have a strong elected Insurance Commissioner who turns down uncalled for rate increases,

[@BrianBurwell]

If policy holders are told by their insurer that their homes are "too old" or some other arbitrary claim that allows the insurer to terminate doing business with the policy holder, what is going to stop home owners from using the insurance company's own assessment that the home is no longer suitable for human habitation and file a claim for the total loss of use of their home as determined by the insurance company? That was one heck of a run-on sentence, but I think I kept the message concise: why not use the company's own words to file a claim based on their own evaluation?

[@suzanne2726]

Brilliant! But they would find a way to wiggle out of paying.....

[@Clarktherealtor]

The Homeowner's Insurance is getting out of control outside of the property taxes. Love the new hair look, Kristina! Looking Great!

[@Joce123]

If you don't have a generational family situation then be very wise and choose to create business partnerships to purchase 2 places together one place in the northern part of the Midwest to live in the summer (like Duluth Minnesota )and one place to live in the wnter time like Gainesville Florida. I think people have to put their heads into their budget and their life plan. If you buy a house and make sure that it has 3 exits. You can convert almost any single family house into a faux duplex.. Holding on to some dream of a house with a picket fence or a condo by the ocean or continuing to live where you live right now and think it's going to get financially better you are missing the opportunity to have a better life... Recreate a career path that is based on something like the health care industry. It is going to be needed in every market and it doesn't matter if you like the projectory of that job.. We're talking survival.

[@EImpact-zt9rg]

Then they will fire you when you don't inject the poison.

[@buffycat4641]

Article in the NY times yesterday, one of the places in the country for property insurance was Enid, Oklahoma. So, be sure to do your research prior to buying a home anywhere.

[@soccersprint]

Insurance is fraud. It should be banned. It definitely should not be mandatory.

[@eattherich9215]

It's not mandatory if the insurance company decides to cancel your policy.

[@nomdeguerre8464]

Why? You should get a loan on an uninsured property? That's nonsense

[@ErnieBert-eg8kd]

It’s not unless you have a mortgage.

[@Horatio1886build]

Why should I loan you money when you have a could chance of loosing all the money I loaned you. If you had 600k retirement fund would you loan it to someone like that?

[@rogerbec5766]

@ Soccersprint: So, don't buy it.

[@airplane247]

To do your roofs is $30,000 that's a lot you must have a big house we just put a new roof on my house it's a standing seam metal roof two weeks ago it cost $9,200.75 in nc. Our house is 1,500 sq ft.

[@buffycat4641]

Thanks, I was wondering what a roof on a home at a similar size might cost. I live next door in GA.

[@coolcatfunhouse]

She is speaking the truth. My friend owns a strip center in Daytona and the INS went from $39,000 to $199,000 for the same policy.

[@annjean8709]

😮

[@nickx8411]

greed and lawlessness are running rampant in America, and this is just another example of it. Thank you for your honest reporting.🙏

[@snackman2005]

They may blame global warming. But with inflation it is more costly to repair everything homes cars etc..

[@SigFigNewton]

Heat dries stuff, turns out Dry stuff is kindling, turns out

[@SigFigNewton]

Of course part of why auto insurance is so much higher than it used to be is the number of large trucks on the road. Regardless of what I drive, collisions with other vehicles will do more damage on average to my vehicle because the average vehicle that may hit mine has more mass

[@warrenlucier5796]

When I resided in Sarasota Florida Hurricane Andrew destroyed Homestead and my insurance got cancelled, and the leaves on the trees in my yard were hardly wiggling. Well it happened again with the latest rounds of storms and insurance got cancelled again and to get it, they want $9,000 with a $20,000 wind deductible . Nope time to go bare again, as I never made a claim since being insured in 1975.

[@BeeGeeTee]

How is this not extortion? 🤯

[@KristinaSmallhorn]

@@warrenlucier5796 this just isn’t right!!

[@buffycat4641]

What will you do if your home is destroyed by a storm?

[@jorgeramos9950]

2:00 kinda you can in some states get it removed at 80% completion of your mortgage.

[@sheshickey]

You must be speaking of mortgage insurance, not homeowners insurance.

[@erickaholman1371]

Let us rebel against home insurance. All this is bs. You do not need insurance. Sure something catastrophic can happen, but you can repair your own home instead of giving your money away for NOTHING!!!! WAKE UP AMERICA.

[@Thesakuraharona]

@@erickaholman1371 most standard insurance does not cover natural causes, either. It is rediculous.

[@m9078jk3]

My homeowners insurance is under $1,000 USD per year but thankfully I don't live in a flood plain

[@0mnilegacy]

Eventually your rates will escalate to cover the company’s loss in problem areas.

[@m9078jk3]

@@0mnilegacy It's of course my choice to cancel my policy as an owner and do without coverage if it's cost prohibitive ( a business decision).

[@buffycat4641]

@@m9078jk3 A high risk decision.

[@70Rotobug12A6port]

Insurance, This is why we can't have nice things.

[@Joce123]

Many wealthy people. I know have second hand furniture.

[@truthmatters7805]

​@@Joce123 Exactly! Frugality is how you get there!

[@Omar_Zazzle]

You can have nice things but being able to keep it is a different story.

[@SigFigNewton]

@@Joce123so odds are you aren’t young

[@Joce123]

​@@SigFigNewtonYour choice in the geographic area for living is quite critical.. The economy is so different in all the different areas of the United States.

[@raedelatorre2592]

Wanted to like this one twice. Good to know this information thank you!

[@travisgarrett9398]

The state of Florida needs to start encouraging builders to build concrete homes. Yeah, they cost more(on average 10 to 60% more), but your insurance savings will be huge. Also, they are much more energy efficient so your electric bill will be smaller as well.

[@jonathanjacques7250]

💯

[@jibberjabber-fm6pb]

@@jonathanjacques7250 and build flat roofs

[@alexzanderroberts995]

Also, they last longer in the humid heat down here. Something to give your kids, ya know?

[@NatesHomeTours]

I use progressive for my car insurance, I have had 2 vehicles and 2 drivers on my policy forever. I just added a 3rd vehicle with liability only. It cost me a whopping $4.17 to add it for the remainder of my 6 month policy that renews in August. Overall it will cost me 30 bucks for the 6 month period. Bundling does help a lot.

[@Theashleydenise]

My homeowners insurance has increased by 300%! Its ridiculous. This is happening all over the US including property tax hikes! Very frustrating

[@economicdevelopmentplannin8715]

Try to get your family and friends jobs and become your tenants. Payoff ASAP. No insurance thereafter

[@ChrisIsTasha]

The goal is 15 minutes cities. What I wanna know is how they are convincing every insurance company to work this way and be this evil.

[@EImpact-zt9rg]

Greed

[@jeffdunnell6693]

Lobbyists

[@martykong3592]

: ( NOT GOOD at ALL ! ! ! CRAZY that Insurance Companies are ABANDONING areas too : ( I remember Flood Insurance in TX about made us sell the home :( THANKS for sharing and ALL the BEST ! Cheers : )

[@BethSJ]

An insurance raised my friends rate because of high damage areas in FL, they live in NM

[@KristinaSmallhorn]

@@BethSJ that’s wild!

[@laurarabon1844]

NM has fires..big Fires

[@randycallow3736]

Absolutely ridiculous!! It's part of a political process in most states, majority have insurance commissioner or commission. Government has not been overseeing insurance industry at all instead it's the other way around, insurance companies cherry picking every market, doing drone fly overs as a way to cancel people, insurance companies allowed to raise rates arbitrarily and cancel policies w little to no notice or reasons and government just says that's okay.. no matter where you look in the country, flood,fire, earthquake, severe storms.. insurance is not an option it's a necessity and while we wait for some free market miracle that's never going to happen, people still need a solution.. now, not later..we don't need more meetings about identifying problems, we need solutions nationwide!!

[@booksquotes948]

Make a video on insurance,hoa fees, property taxes.😢😢😢😢😢😢

[@KristinaSmallhorn]

@@booksquotes948 I have that for ya right here! kzbin.info/www/bejne/jGPNdGCriLKHoKcsi=12msi7W2mA26Tvoe

[@Thesakuraharona]

It should be illegal for them to drop you for any reason other than mispayment. They should also be required to give you a month advance notice of being dropped so you have time to shop for a new company.

[@landmark22]

African Americans have been talking about paying more in home owners insurance for over 40 years. And it fell in deaf ears now this poison has spead.

[@heidileonez7656]

A lot of people in our area including ourselves buy land cash then build an rv pad on it with power,water, and sewer, and live like that. If our trailer was ever destroyed somehow, we can just go buy another one. 👍

[@armeniansdoitbetter]

Most places this is prohibited. That would be a dream for me. I have a house I don't want, wanted land and a small park model, no. Not even on 10 acres in the middle of nowhere Michigan. How do you manage? Here things are by design to be costly

[@GamerGee]

What would be the solution for insurance in Florida? I told my friend. If we got a roof that’s metal that’s rated for 200MPH winds with a 3/4” plywood under it, then they should have cheaper insurance because it’s not as much as a risk.

[@Tugela60]

The problem is the house as it stands is worth a lot less than the replacement cost. You insure what the replacement cost is, not what the house is worth.

[@rmzayas]

Its PURE GREED!!!

[@timothykeith1367]

I'd like to build a cabin that's basically fire and wind resistant. Using abundant Simpson-Strong Tie products and fire-resistent decking the structure is pretty safe. Matt Rinsinger recommends non-vented attics for HVAC efficiency, but non-vented also prevents sparks and embers from entering through the roof. Use metal standing-seam roofing. A masonry exterior with ICF preferred is wind and fire resistent. Use functional window shutters. Get insurance, yet this recipe will be eligible for the lowest rates.

[@OUpsychChick]

Here is an observation on the weather issue. When a storm comes through our area (as an example), you have roofing companies knocking on doors the next day. Last year, a hail storm came through, and for some time, EVERY house, and even our church, used it as an opportunity to get a new roof because why not? The roofing companies were showing people how to get it covered by your insurance! I can't imagine every person needed a new roof, but the payouts hat to be astronomical! We had someone knock on our door, we have a year old steel roofso no worries, but they were pushy explaining that metal too could qualify for a new roof thanks to dents. When other companies figure out how to work the system to get more payouts, we can't be surprised that has more costs

[@colliswilliams8992]

One of the greatest deceptions of our time is the notion that someone is crazy if they believe rich people conspire to become richer.

[@jeanbarreto7594]

“You will own nothing and be happy” - Klaus Schwab (Executive Chairman of world Economic Forum) I believe it’s all deliberate. We are small local investors looking for fix and flips but state street, black rock, and vanguard companies are buying completely damaged homes above market value, fixing them, and then charging a ridiculously high rent. Sometimes double of what the market average is. They don’t even put them back on the market for regular citizens to buy.

[@mysticimagesart5827]

I plan on taking that risk after I get my house paid off. I can put the cost of the insurance into a CD and earn interest on it. I think the insurance industry is such a scam. Supposedly your insurance history (including claims follows you)--if that's the case then why can't the amount of unused premiums follow from company to company??

[@Stuntfish]

I think it's funny and sad that people say "ya but that's Florida" no that's a test for the new normal. FLA is just the start. Insurance is such a scam. Go to any big City. Most of the biggest buildings are insurance companies.

[@philg5888]

I live in NY state, you need insurance for everything here, everyone sues everyone for anything here in this state. 🙄

[@oljerseysoul8724]

Our entire society has gotten more litigative over the past 30 years than ever...

[@Omar_Zazzle]

Can I sue you for your comment?

[@quirkyblonde]

Insurance was designed for events that might happen, not seasonal hazards that occur annually. This is also not a ‘local’ problem. The collapse of insurance under the weight of massive recovery costs is happening everywhere. There comes a point when no one is willing to pay for rebuilding an area that will just get hit again. Both Canada and Australia have begun buyback programs for areas that regularly suffer from disasters.

[@candiwilfong]

No, you're right I'd bet. The whole thing stinks of exactly that, conspiracy. How much does each homeowner pay in for their policy totaled over qll those years? Compare now with the trouble any person has collecting the seldom entire hassle free amount needed throughout their devastating loss. Not even close is it? I'd wager people pay in way more over the years than they ever get back in any or all claims made or needed combined. Make it make sense. Right?

[@jackwilson3121]

Depends on where you live. I live in Iowa & my homeowners insurance is $74/mo.

[@Resultsnottalk]

The hurricane of 1926, 1931 and 1946 were catastrophic

[@fernandosandoval9306]

There kidnapped me! That's what you try to say!!!!! What should I do??? Cops didn't do anything and i talk to them ??????

[@MyLifeRefining]

Thank you for the advice about using an insurance broker and bundling.

[@XN01R]

This should be illegal if it is not price gouging unjustified increases in the prices of essential consumer goods and services. We must have new laws to ensure this is not to continue weather is always cyclical like most things in life through-out time . They make more than enough profit annually tons this is shameful we can stop this an let them know we will not allow it.

[@buffycat4641]

It is up to your elected Insurance Commissioner to approve or disapprove of insurance company rate hikes.

[@XN01R]

@@buffycat4641 ty

[@thespacecowboy420]

You think there's something else at hand? The same people in control of the insurance companies are the same ones who own massive amounts of real estate that they lease. They want to take your home! America is a total of about 5 or 7 industries now. Insurance, Oil and coal, Pre-packaged Foods, Cars and Delivery Service. Every one of these will become unaffordable in the next 5 years.

[@michaelbovee2477]

Insurance has always been a scam. The lobbyists in D.C. have pushed for laws to require people to have it. The market should dictate that.

[@physicshypernova2083]

💯 it’s not a free market if one is coerced into being a “customer”.

[@nyquil762]

All by design.

[@harrybalzac7932]

The government should not allow banks to require insurance. They dont even cover the homes anyway.

[@MusicLover-ui9sm]

My spouse and I do not have homeowners insurance anymore We live in Myrtle Beach South Carolina Our home is 45 years old We are 7 blocks from the ocean During tropical storms Or high winds from a nearby hurricane Has only blew off a few shingles Nothing bad at all There are homes one street over from the ocean here that are very very old Still standing for many decades We paid insurance for 27 years They never paid anything for us We called for pipes bursting and flooding our downstairs townhome from next door They said no So We woke up When they kept going up and never helped us with anything

[@DRventura333]

Greed is the bottom line. We hear about areas that had no flood and that was part of the coverage for decades BUT suddenly when there are multi-year floods, the Insurance companies suddenly Removed the coverage for flood or they increase the rate by 30+%!!! How is this legal! Property Taxes, HOA Fees, Condo Fees, Overpriced homes, high home insurance are making hard working taxpayers lose their only property (Home, Condo). How can it be legal to suddenly raise Condo fees by 40%. How can it be legal to raise HOA Fees by 50%. How can these crooked tax assessors be allowed to overvalue someone's property by hundreds of thousands of dollars, when they are not investors and those homes are their only child hood homes. Many areas are becoming like Detroit and Mississippi - desolate and empty as the working class is continuously fleeced in these manners. The vile tax assessors are getting multi-year promotions using Tax Payer dollars because these tax assessors ARE Overvaluing people's properties to bring in money to the municipalities and they receive job promotions by overcharging homeowners. They don't care that people end up homeless (many veterans and elderly) or their home comes into foreclosure because they had to borrow against equity and credit cards to try and pay their property taxes or HOA or Condo fees. Where are the State representatives to put a stop to this madness??!!

[@buffycat4641]

The HOA fees are being raised because they pay the bill for insurance for all exterior parts of the building(s), alone with increases in property taxes.

[@mdizzylizzy2u]

Insurance is a racket! 🤬🤬🤬

[@Omar_Zazzle]

Everything is.

[@vcash1112]

Where’s The FBI ? They need to investigate these insurance companies. They have an agenda to destroy private ownership.🚨

[@chrisberry643]

Hi, how are you? I have been enjoying your videos for quite a while now. Would you be willing to discuss the financing options for veterans? In particular, when my wife retires, we are looking at modular and manufactured homes. As you had mentioned in a previous video, many manufacturers offer in-house financing at increased rates. However, I have done a little digging and found out that VA loans do not favor those types of housing. What types of nontraditional housing loans for veterans are available? Any information would be appreciated. Thank you, and I look forward to watching your next video posting.

[@Flyingrabbit2222]

This is why I've given up on building a stick built home and have been searching for a precast concrete modular. Insurance is the next weapon against home owners. It has already driven car insurance through the roof. The house HAS to be hurricane and flood proof or likely to suffer affordable damage in case you are forced to drop insurance coverage on a home you own.

[@danielbrandl630]

As someone who worked for an insurance company back in the late 00s, I can attest that ALL of the areas (TX, FL, the West) that are seeing higher losses now were forecasted to back then…because of climate change! I remember some places, specifically, where we raised rates because we KNEW climate change was real and the risk would increase in those areas (DFW, Black Forest area near Colorado Springs, Gulf Coast areas, and FLORIDA to name a few). People were incensed because they thought we were just raising rates to make money (not-for-profit insurance company). BUT, because of the nature of our company, we couldn’t make a profit and the increase in rates was based on actual risk (that all turned out to be true…and then some). Science and logic drives insurance rates. Profits are down for many insurers in the homeowners insurance market…and we will continue to see rates go up and policies get canceled because the risk is real and it is high (and increasing).

[@danielbrandl630]

Ok, I got to the part where you mention for profit companies and, yes, absolutely, they were behind in raising their rates because they turned a blind eye to climate change risks until it was too late and they freaked out.

[@InfoSecGuardian]

Climate change is one factor. I don't think it's the biggest factor. Rather, Insurance companies are publicly traded for profit corporations. The C-Suite executives are of mind, and investors put their money behind the belief, that companies need to make double digit increases in profitability year over year. That means at least 10% profit growth. To do that requires either increasing revenue or decreasing costs. To increase revenue, that is done by either increasing the number of customers or raising the rates. Major weather events (hurricanes, wildfires, tornadoes, earthquakes, volcanic activity) create opportunities (i.e., excuses) to raise rates under the guise of increased costs. Never mind that they never lower the rates because reserve funds invested in the stock market did incredibly well. Rather, the excuse is written for them so they can hit those profit goals, make investors happy, and create wealth for the C-Suite executives. It is all about transferring wealth from regular folks to the billionaire class.