Anyone beside florida homeowners insurance here? Keeping windstorm?
Wondering if floridians are keeping windstorm or without mortgage, going bare. Can't opt what to do.
Answers:
Is buying the windstorm coverage going to mean you go bust? Or is covering a windstorm claim yourself going to make you go skint?
It's going to depend on your personal situation, but the homeowners insurance market in FL is SO desperate, that people are going broke trying to buy insurance. If buying it means you can't label your mortgage payment, don't. You're trading sure bankruptcy for a possible liquidation.
Just like any other money decision - weigh your option. Source(s): agent, 21+ years
Related Questions:
Answers:
Is buying the windstorm coverage going to mean you go bust? Or is covering a windstorm claim yourself going to make you go skint?
It's going to depend on your personal situation, but the homeowners insurance market in FL is SO desperate, that people are going broke trying to buy insurance. If buying it means you can't label your mortgage payment, don't. You're trading sure bankruptcy for a possible liquidation.
Just like any other money decision - weigh your option. Source(s): agent, 21+ years
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