⚡️🇺🇸 WATCH - American is crying, she is devastated and losing her home to a fire
She called her insurance and just wanted to rebuild the exact same home, no changes
She can’t, because the value of her home has gone up, her insurance will only cover what it was worth years ago
Now she has to sell off the lot to try and pay off her remaining mortgage and her family will have nothing
When getting homeowners insurance what they don’t tell you is you need to make sure your homeowners insurance has ‘100% replacement cost,’ or ‘guaranteed replacement cost.’
Insurance in America like France is a scam, they do everything possible to not pay out
https://blossom.primal.net/34c8d5d81f3cd76399500ec06f2c3ce8d16bc5ff6af28d49f3c57a693f813a81.mp4
There was a big fire just outside Boulder about 5 years ago.
Same exact thing.
Most people don’t adjust their insurance as home increase in value.
Also, now with super liberal building codes, even if you do get the proper coverage you still get fucked because the building costs are astronomical compared to a decade ago.
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