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Old 07-12-2018, 08:00 PM
 
156 posts, read 342,782 times
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Is it possible to buy insurance in PR that will cover a homeowner for house damages incurred from hurricanes?
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Old 07-13-2018, 12:52 PM
mym
 
676 posts, read 995,525 times
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depends. is the house you're planning to buy wood or cement?
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Old 07-13-2018, 01:08 PM
 
11,048 posts, read 4,525,488 times
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Quote:
Originally Posted by chilove View Post
Is it possible to buy insurance in PR that will cover a homeowner for house damages incurred from hurricanes?


yes, if the house is made out of cement. Premiums rates will vary depending on the location of the house in P.R.....expect to pay more if your house is near the coast or beach or near flooding areas.

forget about a house made out of wood. Not even a bank would give you money to finance it. They are in the business to make profits not to lose money.
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Old 07-14-2018, 09:34 AM
 
328 posts, read 197,912 times
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Someone said it's a tradition not to buy insurance on the island.
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Old 07-14-2018, 09:32 PM
miu
 
Location: MA/NH
17,635 posts, read 37,287,781 times
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Quote:
Originally Posted by Branal View Post
Someone said it's a tradition not to buy insurance on the island.
True. According to that NYT article written in 1998.

Plus, many homes in PR are poorly built and no insurance company would write a policy on them.

Basically, many in PR can live extremely cheaply and off the grid for many decades, and very happily... until the occasional rare direct hit by a catastrophic hurricane. And then their ill-constructed dwellings get swept away... and that is not at all the fault of the US government.
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Old 07-14-2018, 10:16 PM
 
355 posts, read 654,529 times
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Quote:
Originally Posted by miu View Post
True. According to that NYT article written in 1998.

Plus, many homes in PR are poorly built and no insurance company would write a policy on them.

Basically, many in PR can live extremely cheaply and off the grid for many decades, and very happily... until the occasional rare direct hit by a catastrophic hurricane. And then their ill-constructed dwellings get swept away... and that is not at all the fault of the US government.
Such BS, another armchair opinion from someone in Milwaukee... no offense intended Milwaukee.
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Old 07-15-2018, 04:52 AM
 
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off the grid = no power
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Old 07-15-2018, 08:36 AM
 
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Quote:
Originally Posted by unPescador View Post
Such BS, another armchair opinion from someone in Milwaukee... no offense intended Milwaukee.
Yes, Two ‘armchair’ opinions from two sad scorned women who were dumped by Papi Chulo.
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Old 07-15-2018, 08:52 AM
miu
 
Location: MA/NH
17,635 posts, read 37,287,781 times
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IMO "off the grid" is also living in a manner where one is living out of sight of the usual authorities. Not paying taxes, keeping ones name off of utility bills and the like.

But look at this picture of a Puerto Rican neighborhood. No insurance company would write a policy on any of those structures. And where on the US mainland could you find a neighborhood that looked like that? Only in a developing country would you find a building development like that, and the structures of that quality. In the US, structures like that would be condemned and razed.

And FEMA would never support rebuilding sub-US code standard structures, ones that would be so easily destroyed during another strong hurricane hit.

And the US government and its taxpayers can't afford to rebuild Puerto Rico up to US building code standards. And we don't owe this territory free First World quality homes for all of its 3.4 million people.
Attached Thumbnails
Home insurance in PR protects against hurricane damage?-pr.jpg  
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Old 07-15-2018, 10:59 AM
 
Location: On a Long Island in NY
7,801 posts, read 9,285,432 times
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Quote:
Originally Posted by miu View Post
IMO "off the grid" is also living in a manner where one is living out of sight of the usual authorities. Not paying taxes, keeping ones name off of utility bills and the like.

But look at this picture of a Puerto Rican neighborhood. No insurance company would write a policy on any of those structures. And where on the US mainland could you find a neighborhood that looked like that? Only in a developing country would you find a building development like that, and the structures of that quality. In the US, structures like that would be condemned and razed.

And FEMA would never support rebuilding sub-US code standard structures, ones that would be so easily destroyed during another strong hurricane hit.

And the US government and its taxpayers can't afford to rebuild Puerto Rico up to US building code standards. And we don't owe this territory free First World quality homes for all of its 3.4 million people.
It would be cheaper in the long run for us to do exactly that ... build everything to first world standards. Then the housing and infrastructure would be more resilient and in future storms the damage would be reduced and costs would be less.
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