Reported 27 days ago
Suze Orman, the financial expert, publicly critiques the exorbitant insurance costs for her Florida condo, quoted at $28,000 annually, which she argues is unjustifiable given potential claim disputes. She highlights how rising insurance prices, exacerbated by climate change and increasing natural disasters, could make homeownership unaffordable for many Americans. While she can self-insure, Orman warns that the trend poses significant challenges for prospective homeowners.
Source: YAHOO