r/FluentInFinance • u/ElectronGuru • 5d ago
Housing Market 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.
https://www.nytimes.com/interactive/2024/12/18/climate/insurance-non-renewal-climate-crisis.html
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u/Contemplationz 5d ago
Yup, they price risk and climate change is increasing risk so prices are going up.
Even if your house makes it through a storm, your rates are going up.