Track_Shovel@slrpnk.net to News@lemmy.worldEnglish · 8 days agoThousands of Los Angeles homeowners were dropped by their insurers before the Palisades Firewww.cbsnews.comexternal-linkmessage-square229fedilinkarrow-up1740arrow-down110file-text
arrow-up1730arrow-down1external-linkThousands of Los Angeles homeowners were dropped by their insurers before the Palisades Firewww.cbsnews.comTrack_Shovel@slrpnk.net to News@lemmy.worldEnglish · 8 days agomessage-square229fedilinkfile-text
minus-squareColeSloth@discuss.tchncs.delinkfedilinkarrow-up37·8 days agoEspecially for the palisades $3,500,000 homes. At $50,000 a year it would take 70 years of payments.
minus-squareCethin@lemmy.ziplinkfedilinkEnglisharrow-up5·7 days agoWell, it should be proportional to the value they’re covering * the risk of loss, so they’re probably paying much more than $50000/year.
Especially for the palisades $3,500,000 homes.
At $50,000 a year it would take 70 years of payments.
Well, it should be proportional to the value they’re covering * the risk of loss, so they’re probably paying much more than $50000/year.