Gay Yerian says...
Is buying the windstorm coverage going to mean you go bankrupt?Or is covering a windstorm claim yourself going to make you go bankrupt?
It's going to depend on your personal situation, but the homeowners insurance market in FL is SO bad, that people are going broke trying to buy insurance. If buying it means you can't make your mortgage payment, don't.You're trading sure bankruptcy for a possible bankruptcy.
Just like any other money decision - weigh your options.
Posted on September 22, 2010
Wondering if Floridians are Keeping windstorm or Without mortgage, going bare.Can 't Decide What to Do.