Why is it necessary for the state to force insurance companies to provide a monetary incentive for sturdy construction? Doesn’t anybody in America have a shred of confidence in economic liberty anymore?
It will only lead to higher rates. We’ve seen it in Florida. Initially the premium will be much lower. Then as insurers are forced to give credits, the base rates will go up. Then, if you have a flat roof (as an example) your home insurance becomes unaffordable.
Why is it necessary for the state to force insurance companies to provide a monetary incentive for sturdy construction? Doesn’t anybody in America have a shred of confidence in economic liberty anymore?
It will only lead to higher rates. We’ve seen it in Florida. Initially the premium will be much lower. Then as insurers are forced to give credits, the base rates will go up. Then, if you have a flat roof (as an example) your home insurance becomes unaffordable.