Vero
Well-known member
Here in Argentina many people don't get insurance on their property. As you say not so many chances for problems. Some houses or ground floor units in Palermo and other areas have problems with flooding when we have heavy rain but not so common for problem. I don't have any insurance on my flat.300% increase overnight? Wow that is nuts. I do have a few friends in Florida that tell me they can't get coverage there now. Some states have emergency coverage but even that isn't cheap. Seems crazy the amount of inflation in the USA too the last few years.
Speaking of insurance, what are the insurance rates like in Buenos Aires? I wouldn't think it would be too much as I didn't notice any big potential for natural disasters there. No tornados, hurricanes and all the construction I saw didn't use lumber. It was all concrete from what I can see and bricks. Anyone know what a policy would cost for a 1 bedroom place in BA?