That’s what I’d expect: a pretty sizable hue and cry from the insurance lobby. But then again, are developers under any obligation to secure insurance before they build, or is that solely the problem of the eventual tenants?
Hmm. I guess developers can just build and run before Poseidon exacts his revenge on the Canute Shores Condominiums, and new homeowners might not realize how high their premiums will be until they’ve signed the mortgage. Or is that illegal in North Carolina?
