Track_Shovel to News@lemmy.worldEnglish • 3 months agoThousands of Los Angeles homeowners were dropped by their insurers before the Palisades Firewww.cbsnews.comexternal-linkmessage-square229fedilinkarrow-up1733arrow-down110file-text
arrow-up1723arrow-down1external-linkThousands of Los Angeles homeowners were dropped by their insurers before the Palisades Firewww.cbsnews.comTrack_Shovel to News@lemmy.worldEnglish • 3 months agomessage-square229fedilinkfile-text
minus-square@ColeSloth@discuss.tchncs.delinkfedilink37•3 months agoEspecially for the palisades $3,500,000 homes. At $50,000 a year it would take 70 years of payments.
minus-squareCethinlinkfedilinkEnglish5•3 months agoWell, it should be proportional to the value they’re covering * the risk of loss, so they’re probably paying much more than $50000/year.
Especially for the palisades $3,500,000 homes.
At $50,000 a year it would take 70 years of payments.
Well, it should be proportional to the value they’re covering * the risk of loss, so they’re probably paying much more than $50000/year.