No. of Recommendations: 8
So I realized on Saturday while watching Suze Orman's special on people effected by the Katrina Hurricane and what everyone else needs to do to prepare for disaster, that in this one case renters are in a better position than owners. Even if they didn't have renters insurance (would that cover hurricane and flood damage?) and least they can just walk away and start a new life if they want to, instead of worrying about making mortgage payments while their house is being repaired/rebuilt and is uninhabitable.
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