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Remember that come on Arnold -- let's go to a homeowner's insurance which is our next topic as we continue this business of real estate throughout the day on Fox Business in these numbers nationwide.
Average cost for a homeowner's insurance policy.
Dollars coming from the Insurance Information Institute its.
So Barbara Katrina -- CO and Bob are all still with us.
We'll talk about prices Barbara what about insurance I think the best one to answer this question is Katrina because she's got the right name for -- -- And I thought I think it can't happen but I might just say that says it's on his load the policies of getting that much more expensive but what's happening is insurers on nickel and dining the deductibles and making them -- in the making more exceptions.
And in a flood -- forget about it let's doesn't pay Greta lose your house to pay the premiums right and that's you wonder whether it's an incentive for -- -- for people who can.
Not buy or not you know those places -- one.
And it's becoming so much more expensive now to own a home because of the homeowners insurance especially in Florida and -- that obviously are being.
More affected by hurricanes but then there's so many different cost that that would.
And that it takes to really maintain a home nowadays so yeah absolutely this is something that needs to be factored and when you're looking to purchase a home can you should get the insurance so there was on the ocean right now a new home on the ocean console and -- -- get the insurance.
You can you have to pay a premium foray you know the insurance companies are being very difficult and how -- but you can get a it's you're just gonna have to -- a convenient in order to do.
So you -- recently about -- That was Bob Knoll was -- -- sorry -- can't.
Good for her you know I have I have a sort of lap because the insurance companies was sort this is great to see the insurance company.
Were ripping off the lenders which is sort of somewhat of a paradox because of the fact that.
What all the foreclosures took place they they had the cover for hazard insurance so they've ripped the lenders off.
Which I personally love because of what they did a lot of homeowners so now what they're going to say look we had to pay all this has -- insurance side.
But it's all the money that we've -- even though they've screwed people in hurricanes and is not people still evident checks that enormous because they didn't pay.
Bottom line is all of us again ever going to pay for that price even though they have billions of dollars and believe me they know over the Guinea tomorrow -- CF -- -- -- you before he made a bomb.
Well you know we have earthquakes and fires over here is so that insurance company does that sort of policies are pretty expensive over here as well but thought.
That's I think it's something we have to do and you know you protecting an investment that's extremely high invaluable so it's part of the protection plan.
If I can just it's on the and I am absolutely sure that Bob is not gonna get any insurance yet replies were for the rest is like those of fighting words about what I think yeah.
Well let me face up yeah.
I I've I've had a pleasure suing their butts for me it's like heat up your idol runner and I am very loud noise comes I don't know the facts -- out there you have great.
Handled yourself Barbara not even halfway there and I -- have mixed up front panel next topic.
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