More Americans Are Missing Payments and Losing Home Insurance
More Americans Are Missing Payments and Losing Home Insurance
As climate threats worsen, they are skipping payments and losing protection.
Homeowners in places most exposed to climate disasters are increasingly giving up on paying their insurance premiums, leaving them exposed to financial ruin, according to sweeping new government data.
About a decade ago, North Carolina made it illegal to use 100 year forecasts in government documents.
How’s that working out
Hey, look! Everything is great in Texas!
Right?
You know what, no one correct me. It's embarassing enough living here.
Statistics are socialist.
🎵🎸🐄🛻🎵
Ain't no day duh, for Texas
No info for ol San Antone
Dallas is offline and Austin's all AFK
If you were wondering.
No data for Texas. Only partial information was available for seven other states.
I can tell you our homeowners insurance went up by $120/month near Houston. Never flooded, never froze, never had wind damage, never had a claim. Our house is under 2000sqft and inland.
Houston has significant hurricane risk, whether or not you've actually had a problem.
Didn't Houston have historic massive flooding from Hurricane Beryl? And insurance companies are still fighting and having to pay out for Hurricane Harvey back in 2017.
Your house is only one data point, and not the largest part of the calculation. Your neighborhood, county, and city infrastructure have a lot more to do with your insurance than your specific home. And the Houston area has a terrible track record with flooding.
Sorry g, my home owners only went up by $20 this year. Glad I live somewhere without any real natural disasters
Well yeah, everything’s expensive as hell. If anyone believed were looking at anything other than the second Great Depression, they’ve got another thing coming.
Yep. My regular ass deodorant was $8 damn dollars today. This isn’t fancy stuff folks. Basic ass deodorant is $8 in the grocery store. Like … WTF!?
It's really starting to look like we didn't land a recovery. We just put a temporary plug in the hole and called the job done.
I'm conflicted. Do I leave them or join them here? (Continue or halt my insurance payments I mean)
If I leave them I'm safely broke forever, If I join them well go broke together right?Just accept that if your house burns down you now live in a tent on the same property. Until the local government evict you from your land for living on it in an unauthorized structure.
Or how ever your government does it there anyway, they don't like it when people live cheaply and come up with bullshit excuses to justify it.
Livin cheap = less $$$ absorbed by taxes = angry alphabet bois
Also welcome to lemmy comrade!
South Carolina 🫡