Growing #s Of Texans Experience The Freedom Of Living w/o Property Insurance; Premiums Up 19% 2024, 21% In 2023

[dutch777]

1. Might want to risk ditching the insurance but your mortgage is predicated on you having it. Only the rich....

...will be able to live in some areas soon as they can either afford the insurance or have the free cash to essentially self insure. The notion that somehow changing regulations will help the base construction cost issue driving this is illogical. If any regulatory change is made that lowers costs it probably means the state will just be allowing more insurance exemptions to what is covered and thereby just be passing more risk to the homeowner in the name of lowering rates. On top of all this, much of what Trump is doing with reductions in FEMA, National Weather Service, Corps of Engineers, etc. will shift more burden to state/local agencies that have neither the $$$ nor skill sets to make up for the loss.