Are insurers counting on the fact that only 1 out of 3 have flood insurance? I’d be curious to know how they’re evaluating credit risks in certain areas. Insurance companies use all that “data” when deciding premiums and coverage. Interesting article below about “collective risk.” I think it means different things depending on which angle viewed from - the homeowner or the insurer.
http://www.marketplace.org/2020/08/26/flood-risk-homebuyers-real-estate-properties/ |
