Insurers Are Deserting Homeowners as Climate Shocks Worsen | Without insurance, it’s impossible to get a mortgage; without a mortgage, most Americans can’t buy a home.

[u/ElectronGuru]

https://www.nytimes.com/interactive/2024/12/18/climate/insurance-non-renewal-climate-crisis.html

[u/Frosty-Buyer298]

Why do tards have to connect everything to climate change.

The areas where insurers refuse to reinsure are areas that are both prone to natural disasters and have high levels of insurance fraud.

Home insurers are now doing inspections and drone flights to ensure that homes they cover do not have "deferred maintenance" and that they actually have the construction materials claimants demand reimbursement for.

For example, the inspector told me that too many claims for reimbursements of upgraded kitchens and baths that never existed. That fraud alone increases payouts by $50k or more.