Hurricane Idalia

[Lost_in_the_HTTP]

I'm OK with no mortgages there.

 

[Paratus]

If I were running the loss section of a bank that offers mortgages in FL, I'd be sending all my customers insurance verification letters.

I can see a HUGE problem here going forward as insurance companies either pull out entirely, or raise their rates to where a significant # of current mortgage holders can't make the increased payments.

What’ll happen there is what happens in Texas. Smaller insurance companies will offer policies and then go under if there’s a major weather event

 

[A///]

Where exactly would the most profitable place be?

 

[Zorba]

When I had a mortgage, I'd always get out of escrow and pay insurance and taxes directly. I'm guessing that is going to become much harder to do in FL.

 

[[DHT]Osiris]

What’ll happen there is what happens in Texas. Smaller insurance companies will offer policies and then go under if there’s a major weather event

And then the owners file for bankruptcy, and the costs are shifted to taxpayers in states that aren't affected by the weather events, thereby socializing losses. Magical.