Florida and California are getting like that in the US. The lawyers and public adjusters are contributing to the problem by suing and shaking down every insurance company that stays in the state. In California they are begging them to stay…
Same in the Outer Banks, the island chain to the east of North Carolina. The first time I went I was like wow how cool you can see the bay and the ocean at the same time in Rodanthe! That strip of land keeps getting narrower.
The largest insurer in Florida is state owned and ran and is supposed to be the insurance of last resort, but it’s commonly becoming the only insurance available at all because risk adjusters can’t agree on numbers or stakeholders don’t agree on facts and reasons/prefer to live in Delulu.
No area is uninsurable. It might cost a dickton to insure a place in harms way, but that’s the problem of the customer, right? The fact that insurance is bailing on markets instead of announcing their math, I mean, that’s obviously political. State farm, et al, would rather withdraw from communities than defend their accounting risk assessment includes climate change and defending that climate change is a verifiable fact. Optics. SMH. Cowards, imo.
If you are ever fortunate enough to pay off your house DO NOT go without insurance because you can
In some parts of Australia you cannot insure your home any longer due to climate change.
Florida and California are getting like that in the US. The lawyers and public adjusters are contributing to the problem by suing and shaking down every insurance company that stays in the state. In California they are begging them to stay…
Parts of Massachusetts are like that as well. As far as I know, flood insurance basically no longer exists on Cape Cod.
Same in the Outer Banks, the island chain to the east of North Carolina. The first time I went I was like wow how cool you can see the bay and the ocean at the same time in Rodanthe! That strip of land keeps getting narrower.
The largest insurer in Florida is state owned and ran and is supposed to be the insurance of last resort, but it’s commonly becoming the only insurance available at all because risk adjusters can’t agree on numbers or stakeholders don’t agree on facts and reasons/prefer to live in Delulu.
No area is uninsurable. It might cost a dickton to insure a place in harms way, but that’s the problem of the customer, right? The fact that insurance is bailing on markets instead of announcing their math, I mean, that’s obviously political. State farm, et al, would rather withdraw from communities than defend their accounting risk assessment includes climate change and defending that climate change is a verifiable fact. Optics. SMH. Cowards, imo.
Pretty much all home insurance doesn’t cover hurricane related damages if you’re on the east side of the US.