silence7@slrpnk.net to California@lemmy.worldEnglish · 9 days agoCalifornia Mountain Towns Are Too Risky for Insurers, but Residents Want to Staywww.nytimes.comexternal-linkmessage-square9fedilinkarrow-up120arrow-down10
arrow-up120arrow-down1external-linkCalifornia Mountain Towns Are Too Risky for Insurers, but Residents Want to Staywww.nytimes.comsilence7@slrpnk.net to California@lemmy.worldEnglish · 9 days agomessage-square9fedilink
minus-squarerobocall@lemmy.worldlinkfedilinkarrow-up4arrow-down1·edit-29 days agoHomeowners insurance companies have bullshit excuses for not insuring homes in coastal California too.
minus-squaresilence7@slrpnk.netOPlinkfedilinkarrow-up2·9 days agoHow do you propose to make insurance affordable in a community where the risk of it burning to the ground is, say, 5% in any given year?
minus-squarerobocall@lemmy.worldlinkfedilinkarrow-up3arrow-down1·9 days agoDoes “burn to the ground” mean exclusively by wildfires or include arson/kitchen incidents/electrical incidents? Either way, the insurance companies need to be less greedy.
minus-squaresilence7@slrpnk.netOPlinkfedilinkarrow-up1·9 days agoJust wildfires; the routine home accidents have a low enough annual risk that they’re insurable at an affordable price.
Homeowners insurance companies have bullshit excuses for not insuring homes in coastal California too.
How do you propose to make insurance affordable in a community where the risk of it burning to the ground is, say, 5% in any given year?
Does “burn to the ground” mean exclusively by wildfires or include arson/kitchen incidents/electrical incidents?
Either way, the insurance companies need to be less greedy.
Just wildfires; the routine home accidents have a low enough annual risk that they’re insurable at an affordable price.