Millions Of Homeowners Are In Jeopardy of Losing Their Homes

Millions of homeowners across several states, including Louisiana, Texas, Florida, and California are facing an alarming trend of major homeowners insurance companies abruptly withdrawing from these regions, leaving countless homeowners vulnerable and scrambling to secure affordable homeowners policies that can adequately protect their properties. As the video explores the dire consequences faced by millions, of home buyers as well, it highlights the urgent need for alternative solutions to ensure homeowners' security and stability in the face of rising home insurance costs.

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Kristina Smallhorn
PO BOX 1271
Prairieville LA 70769
#Affordbalehousing #kristinasmallhorn #homeownersinsurance

eXp Realty LLC,2900 Westfork Dr. Suite 401, Baton Rouge LA 70817
225-246-1812,Office [phone] ext# 149
Kristina Smallhorn is a licensed REALTOR® with the state of Louisiana, License number 0912122918
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[SafetystKatey]

My mom called her insurance company twice (6-8 months apart), once to inquire about her roof after a storm and another time to see if they would cover an issue with her electrical panel. She decided not to file a claim because it was cheaper to pay out of pocket vs paying the deductible and risk her premium going up for filing claims. A few months later, they called her saying they were wanting to cancel her insurance policy for "making too many claims". She called twice to ask questions, she didn't file any claims! What's the point of having insurance if you cant use it?

[SparkeyCox]

State Farm chose to not insure a new older home. Originally told me I needed to fix a couple of things. Next thing I knew - I had a cancelation - No choice - So after the cancelation I cancelled all 4 of my cars. All of a sudden they wanted to work with me. I said too late - I have taken my business to another carrier.

[renaissanceman]

The law should be changed so that ALL insurance companies must pay back 65% of the premium paid to them by any client that cancels or is canceled by them.

[HarryPotterFan]

“Never go without homeowners insurance!” Except when it’s time to pay, the insurance company finds 745 reasons why they’re not liable to pay up.

[volts]

Imagine if we could find a way to work together as a local community to pool resources while all dumping insurance companies as the Amish community does? Help our neighbors, donate cash, services, whatever was needed. what a wonderful world it could be.

[ge]

Isn't the real problem that Mortgage lenders make you insure for the total value of the property instead of the value of the Mortgage loan? I only owe 20% of my home's value, but have to insure for 100% because the bank demands it. This whole mortgage system needs to be It may be the biggest problem most homeowners have to deal with.

[Lazy]

My grandma’s homeowners insurance policy was CANCELED as a HURRICANE was headed our way! NO ONE would write a policy for her except the mortgage company’s insurance company, they pulled a policy that was actually CHEAPER than her old policy & they ended up having to replace her roof after the storm!!! Then she got a different MUCH CHEAPER policy since she had a brand new roof. It’s incredible.

[raffyzoo]

when bank owns 80% & you own 20% of the property, why do you pay 100% insurance? 100% taxes? why are you liable for 100% when you only have 20% equity?

[edward.abraham]

In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.

[pamcornelius]

My Allstate homeowners insurance policy is 4K and my property taxes are 7K. Eleven thousand a year just for taxes and insurance.

[rupestrianfly]

I own my home and dropped my insurance. I will take my chances and am through with the home insurance industry.

[leeus]

1. Progressives 6:50
2. Westfield insurance
3. USAA (Veterans)
4. American Family
5. Nationwide

[no-stresscat]

Insurance is one of the greatest scams ever invented.

[silverback]

Buying a house....first thing you need to do is check insurance cost BEFORE you sign on the dotted line!

[sandrajohnson]

Think of all the different insurance premiums we all pay 💰 monthly and how few claims we all actually file😳

[djohnsto]

It's really bad out there, a lot of people are already stretched to the max paying for essentials.

[susantillander]

Some of these comments have made me confused. Maybe someone can help. We bought our house for $100, 000 and the mortgage company made us get insurance coverage for $280, 000. If our house is valued at $200, 000 and we owe $60, 000 and it is destroyed by a tornado tomorrow, does the mortgage company get $60, 000 from insurance? Or would they pay $200, 000 to us to rebuild? Or would it be $280, 000?

[skiffman]

I recommend getting a quote BEFORE going under contract. Carriers run their RCE to determine the dwelling coverage so property age and roof age/material are significant. Lots of carriers back out if you are within 1000' of tidal waters. Farmer's is famous for asking people to cut trees not in their yard.

[garyfrancis]

How often do you see everywhere that you pay for something and get nothing back? That includes all the bank fees you pay and government taxes.

[mikerichards]

Kristina, we are extremely grateful to you for all the brilliant information your videos contain. You will always be "my favorite teenager" of the real estate industry! Your experience and knowledge combines are an excellent encyclopedia of facts.