Climate Change Raises U.S. Home Insurance Costs 34% in Five Years

10 comments

1. Climate change?

   Then why did my auto insurance also go up ~ 35% in 5 years?

2. Has nothing to with money printing. We need to raise taxes to save the planet.

3. “Climate change” lol

   Their newest cop out

4. The climate change risk just got priced in recently? Insurers all of a sudden were like “woah, climate” and began accounting for it? Unlikely. Cost of building materials is up. Contractor labor rates are up. Copper prices, steel prices, electronics for cars, it’s all up.

   Insurance companies have to replace stuff. If you had to replace something you bought in 2019, what do you think the cost would be today? And as you walk out of Home Depot to fix your deck out-of-pocket (for example), are you going to”damn, climate change”?

5. Lol

6. Everything is due to climate change, another invisible problem that is gonna cost trillions to fix

7. “Why are you charging me so much for this?”

   Climate change.

   “But…”

   SCIENCE DENIER!

8. Right this is how Climate Crisis will start to shift behaviors regardless of what the politicians do.

   In places like Florida and Louisiana it will become prohibitivly expensive to buy home insurance. That means no mortgages for those properties… and when the next enormous hurricane rolls through (later this year) some of those homes will not be rebuilt.

   The climate crisis doesn’t care about our politics, physics doesn’t care about what we believe, we have sown the storm so we shall reap the whirlwind.

9. Probably more the fact that house values went up so much in the past 5 years

10. It’s almost like someone printed a whole lot of money and everything got more expensive. It couldn’t be that though, it’s got to be not eating the bugs making the weather less gooder.