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’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>