The Food Chain in the Banking Industry

<p>Insurance companies are the kings in the real estate market in my state. They call the shots. Many buildings are underinsured because insurance companies increased their hurricane premium rates.</p> <p>What was enough coverage four years ago is not today. Insurance companies are afraid to pay claims if many people file a claim.</p> <p>Here is the trickle-down effect.</p> <p>Banks in my state won&rsquo;t give loans if the building is underinsured. My loan officer told me almost every condo owner in the state is underinsured because the condo building they live in is underinsured.</p> <p><a href="https://donsmathblog.medium.com/the-food-chain-in-the-banking-industry-30a86daca15e"><strong>Read More</strong></a></p>
Tags: Food Chain