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Those who can will post a bond to prevent anything crazy. But, not all can do that.
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Good evening AP, it's just a coincidence that I'm talking about insurance again. The last time was personal because it affected me but this one im just curious about the situation.
Thanks Gudio.
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Just read up a little. There are options so everyone who owns a home can get insured. It may cost a decent amount, but, there are options.
Anyone who was foreclosed or is about to be foreclosed did not do their homework.
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I would say.....
Move to the city you fucking hillbilly.
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Correct..
But. It only comes to that if the home owner is a dipshit.
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I used to be in a high fire area. After being cancelled 3X in 3 years I had to use the 'California Fair Plan', an exorbitant policy underwritten (actually forcing regular carriers to underwrite) by CA.
My homeowners (less fire) was about $1-2K/yr. My FIRE policy was $6-8K/year.
Yes the caller could have gotten insurance. No, s/he probably didn't want to pay for it.
Additionally, mortgage lenders will generally add insurance if yours lapses, and charge you. If you don't pay the premium, you are in default. Again, the caller either didn't have enuf $, or they didn't want to pay, but insurance is always available (Lloyds, worst case).
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As billinirvine stated, Lloyd's of London will insure.
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You can insure a burning building for the right premium....
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| There are 8 comments on this blog. |
