5 ms·
>> It also plans not to offer commercial apartment policies and won’t renew the 42,000 now in place. That's almost 60% of the total. I'm guessing because comme
by ethbr1 3y ago
>> It also plans not to offer commercial apartment policies and won’t renew the 42,000 now in place.
That's almost 60% of the total. I'm guessing because commercial apartments present a more geographically-concentrated fire risk (either you lose all the units or none).
- jandrese 3y agoIt seems a bit strange since you would expect the apartments to be located further away from the fire risk, closer to downtown than the outskirts of the city near the forests. If this was State Farm deciding to drop insurance on homes that are in grossly overgrown forests with no buffer then it would make a lot more sense given the likely increase in fire activity in the coming years.
- jeffbee 3y agoEh, not really. Look at this b.s. https://www.google.com/maps/@37.8270689,-122.2087796,3a,60y,91.67h,101.73t/data=!3m6!1e1!3m4!1seb4F3LLU5m2x04oY3Dc-xA!2e0!7i16384!8i8192?entry=ttu https://www.google.com/maps/@37.8270689,-122.2087796,3a,60y,...
- akira2501 3y agoYea, all that shade and wind cover, also holding down the soil and providing stability. I'll bet it's also "nice" to live there. Total B.S. that we ever allowed this to happen.
- SR2Z 3y agoIt's also a great idea to build homes on beautiful, yellow-sand beaches that are kept nice and clean by hurricane season! People should be allowed to live where they want - but it's well past time this country stopped subsidizing the risk of building in places where natural disasters commonly wreck buildings.
- akira2501 3y ago> this country stopped subsidizing the risk of building In the given picture how much risk is being subsidized by the government? What form does that take? What about East Palestine, OH? Can we live near train tracks? What about Paradise, CA? Can we live near power lines? Blizzards can become natural disasters, is the entire area above the snow line now facing new rules for building? > commonly wreck buildings. I can't say much about those buildings right there in the picture, but some of them have clearly been there for decades.
- jeffbee 3y agoYes, but only decades. The main form of subsidy that these particular buildings enjoy is the construction and repair of roads on sliding hillsides. A further subsidy is their overrepresentation in the budget of the fire department, since this area is served by relatively more fire stations per capita than the central city. Finally, the topic of this article: in cases of fire, the owners of these buildings will expect the rest of us to bail them out. FYI, these buildings are also directly atop the Hayward Fault. > What about Paradise, CA? It should be obvious that as a matter of public policy nobody should be allowed to build a dwelling inside a forest the way Paradise was built.
- jimmygrapes 3y agoInsuring the building itself is far more risky when there's many tenants with relatively unknown risk profiles who could cause damage (leave the bathtub on all night, pour oil and unflushables down the drains and sewer pipes, put pizza boxes on the stove top and leave them on, smoke next to curtains, etc.). Not sure if that's the reason here.
- standardUser 3y agoSure, but there's no such 'crisis' in NYC where the housing stock is considerably older and denser. Maybe it's an issue of comparably poor maintenance over the decades?