Cost of Insurance Soon To Be Out of Control
In the near future people may have to turn to self-insurance, if they can, as insurance cost will skyrocket in the face of losses because of global warming. Already the industry has shifted coverage for floods to the Federal Government.
Unlike healthcare and educational costs that have spiraled out of control, most people have no choice to opt out of insurance coverage when that coverage is a prerequisite to getting and keeping a real estate loan.
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