silence7@slrpnk.netM to Climate - truthful information about climate, related activism and politics.@slrpnk.netEnglish · 2 days agoInsurers Are Deserting Homeowners as Climate Shocks Worsen | Without insurance, it’s impossible to get a mortgage; without a mortgage, most Americans can’t buy a home.www.nytimes.comexternal-linkmessage-square27fedilinkarrow-up1196arrow-down12file-textcross-posted to: news@lemmy.world
arrow-up1194arrow-down1external-linkInsurers Are Deserting Homeowners as Climate Shocks Worsen | Without insurance, it’s impossible to get a mortgage; without a mortgage, most Americans can’t buy a home.www.nytimes.comsilence7@slrpnk.netM to Climate - truthful information about climate, related activism and politics.@slrpnk.netEnglish · 2 days agomessage-square27fedilinkfile-textcross-posted to: news@lemmy.world
minus-squarecheers_queers@lemm.eelinkfedilinkEnglisharrow-up7·2 days agothis might be a dumb question, but aren’t landlords required to insure homes they rent out?
minus-squarestoly@lemmy.worldlinkfedilinkarrow-up6·2 days agoThis will certainly depend on where you live but my impression is that generally you only need to have it when you have a mortgage specifically because the banks require it as a way to protect themselves. If you pay cash nobody cares.
this might be a dumb question, but aren’t landlords required to insure homes they rent out?
A big landlord self-insures.
This will certainly depend on where you live but my impression is that generally you only need to have it when you have a mortgage specifically because the banks require it as a way to protect themselves. If you pay cash nobody cares.