Quote:
Originally Posted by WarrenC12
Actually I'm not sure it is killing reserves. Deductibles are going up above all but the most extreme water events, with many buildings having $250k deductibles. It's killing individual owner insurance premiums though, and even more so those who don't understand how insurance works and aren't properly covered.
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It very much is.
Corps are paying cash for their common water events, eroding reserves at an alarming rate. The other issue is with a 50k max limit for individual exposure from an event (at least in AB) and so corps now have to go to court for the remainder.
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