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moreland01

(834 posts)

10. I'm guessing mortgage companies will have something to say about that.

Reply to SpankMe (Reply #6)

Wed Oct 9, 2024, 02:33 PM

Oct 9

If your home is destroyed, there's not much for them to foreclose on but the (now worthless?) land. Maybe I'm confused, but I'm trying to game out what happens when nobody can get anything but catastrophic insurance that goes belly up instead of paying after huge hurricane(s) come through. How do you get a mortgage? Don't mortgages require homeowners insurance?

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Highlight:

Milton threatens to trigger flood insurance reckoning for Congress [View all] BumRushDaShow Oct 9 OP

Flood insurance is a money loser IronLionZion Oct 9 #1

Companies like nationwide increased their wind deductible Marthe48 Oct 9 #8

My house insurance jumped enormously this past payment... slightlv Oct 9 #9

All the insured get a new home in the flood plain bucolic_frolic Oct 9 #2

The additional number of insurance companies exiting Florida Tadpole Raisin Oct 9 #3

The ball is now in your Court, Republican Nazi Party ... Tarzanrock Oct 9 #4

You underestimate the ability of MAGATs The Mouth Oct 9 #7

The political breakdown for moble homes isn't too different than the whole voting block IbogaProject Oct 9 #11

Congressional Repugs: SHRUG. 50 Shades Of Blue Oct 9 #5

Probably the death of flood insurance as we know it SpankMe Oct 9 #6

I'm guessing mortgage companies will have something to say about that. moreland01 Oct 9 #10

It seems a lot of people do not understand NFIP sarisataka Oct 9 #12