Remix.run Logo
dweez 3 months ago

Can't get insurance -> can't get a mortgage -> can't buy a house

int_19h 3 months ago | parent [-]

For new buyers, yes, but there's plenty of people who already have a house but now they have no insurance for it. And sure, the terms of their mortgage say that they have to have it, but what can the lender do if nobody will insure that particular property no matter who the current owner is?