That's how we got the fabulously expensive replacement insurance... That immediately cancelled us, too, saying the roof is from 2000 when it's really from 2012. I gave them $2,700+ to bind and they only gave us $953 back when they cancelled us. We purchased that insurance through FAIR.

📌 ugh I’m so sorry !! It’s all gotten so out of hand and criminal imo

The only people keeping their homes are cashing in their 401Ks and paying off their mortgages, so they don't have to have insurance, then they have to pay the penalties for taking so much out of their 401Ks. I don't have a 401K. Bankruptcy all around, for people who never did anything wrong.

It's corrupt and insane. I'm so sorry this is going on! It's everywhere, but that isn't any comfort. A new one here: insurers are telling home owners they must have licensed certified roofers replace their roofs or they will be dropped. There is no such licensing for roofers in Wisconsin.

Good lord. That's doubly terrible. I'm so sorry. I'm hearing from many people in the Midwest no matter the ethnicity that insurers are cancelling their home insurance if their roof is older than 10 to 12 years. It's ludicrous. Then you lose your mortgage like is happening to you. I don't get it.

The insurance companies probably want out of responsibility for natural disasters due to climate change. They read the statistics and know the math. This is not going to go to a class action lawsuit unless the lenders get involved, but they won't because they have a self insurance plan.

The insurance companies can reserve for what their models show. It's a choice. Instead they appear to be looking only to insure properties at extremely low risk of any covered events. That's not what insurance is supposed to be. You spread the risk across large pools and reserve.