Suze Orman Isn't Paying $28,000 A Year For Condo Insurance
Thursday, 12 September 2024, 15:48
Understanding Suze Orman's Insurance Choices
Suze Orman isn't wasting money on condo insurance and refuses to pay $28,000 a year for it. She states, 'I'm not paying $28,000 a year when the insurer will probably contest any claim.' This stance invites scrutiny of traditional insurance practices and the value offered to homeowners.
Evaluating the Cost vs. Benefit
- Insurance Premiums Are High - At $28,000 a year, it's a significant financial burden.
- Claims Disputes Are Common - Many homeowners might not receive full coverage when filing claims.
- Alternative Strategies Exist - Exploring self-insurance or other risk mitigation methods might be beneficial.
Impact on Homeowners
Orman's declaration raises a critical point for many homeowners grappling with insurance costs. The challenge lies in balancing financial protection with reasonable expense.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.