Insurance 'nightmare' unfolds for Florida homeowners after back-to-back hurricanes
Insurance 'nightmare' unfolds for Florida homeowners after back-to-back hurricanes
Many victims facing catastrophic losses due to water damage “are just walking away.”
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Insurance companies save money by denying claims on a normal day. Paying to rebuild an entire state would jeopardize the big number going up and thus executive bonuses.
They won't be paying claims. They're not going to pay to rebuild a house that their models say will be knocked down again in 2-3 years by the next "storm of the century." Insurance companies exist to extract wealth, not to help people. And they will always have more lawyers than you.
They also have all kinds of weasel options in their coverage. "Sorry, you were covered for wind, not flood" They'll avoid paying any way they can.
But do they have more lawyers than the banks? Most of those houses are actually the bank's houses.