American Homeowners Are One Disaster Away from Losing Everything

AFF87

>The homeowners most exposed to climate-driven disasters are, in many cases, the same ones least likely to have insurance when those disasters arrive. I wondered whether this is a signal that the insurers don't want to insure for those risks and unsurprisingly there is a Wikipedia page for it! [1] [1] https://en.wikipedia.org/wiki/Climate_change_and_insurance_i...

shaftway

I'm insured, but I'm considering dropping insurance for the most likely disaster: earthquakes. I'm in CA, and even though I'm not on top of an active fault, I'm close enough to be impacted. When the big one gets here, if it's big enough to affect me, then everyone else will be affected. I don't have any reason to expect them to stay solvent if a third of the CA population files for benefits. I've thought about taking the money I pay for earthquake insurance premiums, and instead putting it on polymarket, betting that an earthquake will happen. If it doesn't, then I'm no worse off than I was paying for insurance. If it does, then polymarket just distributes my "winnings". Convince me to keep my insurance.

GianFabien

It would be more useful to determine why insurance premiums are rising faster than almost every other homeowner expense. At the same time noting that insurance companies are making massive profits and squandering millions on executive salaries and advertising.

qsera

Everyone is one death away from losing everything anyway...