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In the USA, can you lose your home even after it is 100% paid off? (lemmy.ml)

submitted 11 months ago by [email protected] to c/[email protected]

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Let’s say that you buy a home in cash and have 100% paid off. Could you still lose it somehow?

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[–] [email protected] 3 points 11 months ago (2 children)

Wait, are Floridian companies really doing that? Do you have a source?

[–] [email protected] 9 points 11 months ago

https://www.cbsnews.com/miami/news/why-homeowners-insurance-is-spiking-options-are-shrinking/

Climate change means worse weather and more storm damage. Insurance companies need to make money off the deal so they raise rates or stop insuring properties.

[–] [email protected] 1 points 11 months ago

https://www.newsweek.com/florida-insurance-crisis-explained-1812418

That’s just one of the first I found, I’m sure there are more recent ones.