General World News

As insurers flee disaster-prone areas, homeowners turn to ‘last resort’ insurers

As major home insurance carriers are increasingly pulling back their coverage options in disaster-prone areas, hundreds of thousands of people are moving to state-sponsored “last resort” insurance plans originally designed to offer a temporary fix.

According to reporting from the Wall Street Journal, such plans — typically used for those who have no other options in securing home insurance — are increasingly becoming the first or only choice for homeowners who have been left to pick up the pieces following their original carrier’s exit from their coverage area.

“The plans details ⇒

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