In Reply to: A lot of insurance companies will leave the market posted by Dr.J on January 08, 2025 at 21:36:52
high risk areas. Existing policies will be cancelled. This happened in FL many years ago, and is why I have no insurance on my home.
Only insurance available will be from state run programs like Citizens in FL or from small fly by night insurers who will immediately go out of business with a major loss. As you said, the premiums for those options will be out of sight. A million dollar homeowner policy may run between $15-25,000 year.