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> I think there should be a re-evaluation of whether or not to let people build or rebuild in especially fire-prone areas. This is already happening, not by go
by jimt1234 5y ago
> I think there should be a re-evaluation of whether or not to let people build or rebuild in especially fire-prone areas.
This is already happening, not by government, but rather by the insurance markets. My friend has lived in a fire-prone area of Southern California for years. His home owners insurances rates have more than tripled in the last few years. He just recently moved (yep, Idaho).
- jayd16 5y agoDoes the government subsidize fire insurance? I'm always taken aback when I see people rebuilding from a hurricane with subsidized wind and flood insurance. I understand why its nice for those that need it but has perverse incentives.
- otterley 5y agoIt does, although indirectly, through municipal fire departments. It's not "insurance" in the strict sense of the word, but it is an abatement mechanism designed to help minimize losses that would otherwise be borne by private insurers.
- chrisplotz 5y agoIn California, if you can't get fire insurance through the private market, you generally have access to the FAIR Plan (https://www.cfpnet.com/about-fair-plan/ https://www.cfpnet.com/about-fair-plan/). As the about page points out, it's not taxpayer funded - instead, companies writing home insurance in the state are required to contribute towards a share of risk in the plan.