Latest Breaking News On - Repetitive loss properties - Page 3 : comparemela.com

and then reinsured, listen to this number, only 1 percent of insured homes or so-called repetitive loss properties, they account for 40 percent of the claims. which states are worst leading the pack? louisiana, $2.5 billion in repetitive losses, followed by texas, $1.5 billion, florida, more than a billion. then mississippi and new jersey, more than $500 million. according to the national wildlife foundation, one in ten repetitive loss homes have claims that exceed the value of the house. for most properties, premiums probably have to be as twice as high as they are today to help the program get anywhere near breaking even. perhaps the thing to do is after if a property has been damaged or destroyed by flood, you know, more than once, you know, perhaps the government ought to say look, you can rebuild there, but you have to do that on your own dime. reporter: so how much

Repetitive loss propertiesHasn tWildlife foundationNew jersey5 billion500 million1 5 billion00 million2 5 billionA billionWhite houseLoss homes