Property investor Albert explains how homeowners insurance works, when it doesn’t work at all, and why the entire model can feel like a scam after disaster strikes.

Key Points:

You’re on the hook for upfront disaster mitigation and repairs. Insurance only reimburses later, often not in full.

With labor shortages, replacement costs far exceed insurance company estimates. They lowball based on pre-disaster rates.

Constant climate disasters mean constant claim denials. Albert asks - is insurance even worthwhile when it fails to protect you?

For homeowners insurance beginners, the model seems primed to collapse. Albert argues it needs an overhaul to actually cover people.


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