Climate change insurance

Insidious Von

My head is my home
Sep 12, 2007
45,727
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It's perfectly acceptable to deny climate change if it fits into your political dogma - but have you paid attention to your home and property insurance lately?

It's gone up an average of 12% every year since 2010. How do you explain that?

[video]https://www.moneysense.ca/spend/real-estate/why-your-home-insurance-rates-are-rising/[/video]
 
A broker friend once explained that rates are determined by the worldwide information used by actuaries. In other words, last night's damage in Florida will effect our rates here. I guess that's what happens when Insurers are mostly worldwide companies
 
Holy smokes. Yeah, you gotta wonder about the US cities on the coast line especially. Watch the documentary Before the Flood ...