12-04-2023, 02:52 AM
"They interviewed a man whose policy premium increased 500%."
I have a friend living in Florida. His insurance company inspected his house and even though he kept his bar tile roof in excellent condition they told him he would have to get it replaced.
It cost him $30,000 to have the roof replaced.
A friend of mine here had insurance that has assigned by his lender. In 2018 the insurance protected the lender's interest and my friend ended up owing thousands because he had wrapped the closing costs into the loan. He was still making a mortgage payment on a house that was destroyed until he got his county buy out money this year.
I have a friend living in Florida. His insurance company inspected his house and even though he kept his bar tile roof in excellent condition they told him he would have to get it replaced.
It cost him $30,000 to have the roof replaced.
A friend of mine here had insurance that has assigned by his lender. In 2018 the insurance protected the lender's interest and my friend ended up owing thousands because he had wrapped the closing costs into the loan. He was still making a mortgage payment on a house that was destroyed until he got his county buy out money this year.