Mark Simpson explains how U.S. investors can house people displaced by insured losses like floods and fires. Insurance companies often pay four to five times the normal rate when investors work with them to place these displaced residents.
Four to five times as much.
There's two types of people that I forgot to mention. You can house people who are doing an insurance claim. So in the United States, we love insurance and we love suing people. And so if your house is flooded or burned down or becomes unlivable, you can claim through your insurance and they will place you in a new home. If you're an investor and you get in with these insurance companies, you can oftentimes get four to five times as much as you would otherwise.
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