2aguy
Diamond Member
- Jul 19, 2014
- 111,970
- 52,237
- 2,290
The destruction of the U.S. economy is putting the crunch on everyone.....and in response people are gambling with their homes....
Americans are canceling their homeowner’s insurance because they can no longer afford it, reports the Wall Street Journal.
Welcome to Joe Biden’s America, where the ruling party doesn’t want you to own anything.
“Homeowners are increasingly forgoing home insurance, gambling that the likelihood of a disaster isn’t high enough to justify the cost of a policy,” reports the Journal.
“Some skipping insurance say they are doing so because they can no longer afford the rising premiums,” the report adds. “The national average for home insurance based on $250,000 in dwelling coverage increased this year to $1,428 annually, up 20% from 2022, according to Bankrate.”
That’s a jump of 20 percent in a single year.
“Twelve percent of homeowners in the U.S. don’t purchase homeowners’ insurance. About half of them have annual household incomes of less than $40,000, according to a 2023 survey[.]”
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Not having insurance is a major gamble. Insurance not only covers the cost of replacing your house but also its contents, removal of the old house, and a place to live until the new dwelling is in place. That coverage might vary depending on your policy, but that’s all pretty standard.
Even if you decide to abandon your home in the event of a fire or flood or whatever, you could still assume liability with the clean-up.
What strikes me is how financially strapped some people are to take this kind of risk with the most important asset they will likely ever own — their home.
For most of us, for everyday people, your house is not only your shelter; it’s your future. Your home is the thing you build old age and retirement on. Not to put too fine a point on it, but it’s the rock in your life, the thing you can always count on and even draw on in the event of an emergency. The thought of losing my home is unimaginable, and how that loss would annihilate my future plans is even more unimaginable.
But things have gotten so bad in this Biden economy — most especially the soaring cost of the things closest to families, like goods and gas — that something’s got to give, so people apparently think the homeowner’s insurance is worth the gamble.
www.breitbart.com
This is all part of the democrat party plan to force people out of individual homes.....the left, now solidly in control of the democrat party, hates the idea that you have a home. They are insane, they need to be stopped.....
This is the goal, not an accident........
You will have nothing......you will be happy.....or you will be punished.
Americans are canceling their homeowner’s insurance because they can no longer afford it, reports the Wall Street Journal.
Welcome to Joe Biden’s America, where the ruling party doesn’t want you to own anything.
“Homeowners are increasingly forgoing home insurance, gambling that the likelihood of a disaster isn’t high enough to justify the cost of a policy,” reports the Journal.
“Some skipping insurance say they are doing so because they can no longer afford the rising premiums,” the report adds. “The national average for home insurance based on $250,000 in dwelling coverage increased this year to $1,428 annually, up 20% from 2022, according to Bankrate.”
That’s a jump of 20 percent in a single year.
“Twelve percent of homeowners in the U.S. don’t purchase homeowners’ insurance. About half of them have annual household incomes of less than $40,000, according to a 2023 survey[.]”
-----
Not having insurance is a major gamble. Insurance not only covers the cost of replacing your house but also its contents, removal of the old house, and a place to live until the new dwelling is in place. That coverage might vary depending on your policy, but that’s all pretty standard.
Even if you decide to abandon your home in the event of a fire or flood or whatever, you could still assume liability with the clean-up.
What strikes me is how financially strapped some people are to take this kind of risk with the most important asset they will likely ever own — their home.
For most of us, for everyday people, your house is not only your shelter; it’s your future. Your home is the thing you build old age and retirement on. Not to put too fine a point on it, but it’s the rock in your life, the thing you can always count on and even draw on in the event of an emergency. The thought of losing my home is unimaginable, and how that loss would annihilate my future plans is even more unimaginable.
But things have gotten so bad in this Biden economy — most especially the soaring cost of the things closest to families, like goods and gas — that something’s got to give, so people apparently think the homeowner’s insurance is worth the gamble.
Nolte: Families Canceling Costly Home Insurance in Biden’s America
Americans are canceling their homeowner’s insurance because they can no longer afford it, reports the Wall Street Journal.
www.breitbart.com
This is all part of the democrat party plan to force people out of individual homes.....the left, now solidly in control of the democrat party, hates the idea that you have a home. They are insane, they need to be stopped.....
This is the goal, not an accident........
You will have nothing......you will be happy.....or you will be punished.
