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> I got my home insurance renewal asking for 25% more with the exact same coverage amounts. Did something happen to justify these increases? Climate change.
by relaxing 2y ago
> I got my home insurance renewal asking for 25% more with the exact same coverage amounts. Did something happen to justify these increases?
Climate change.
- xboxnolifes 2y agoThis is a nothing answer. Climate change has been happening for decades. What exactly changed this year that led to this increase.
- relaxing 2y agoWhat happened this is year is the need to cover payouts from last year’s record losses due to wildfire, flooding and wind. https://www.nytimes.com/interactive/2024/12/18/climate/insurance-non-renewal-climate-crisis.html https://www.nytimes.com/interactive/2024/12/18/climate/insur... https://www.nytimes.com/interactive/2024/05/13/climate/insurance-homes-climate-change-weather.html https://www.nytimes.com/interactive/2024/05/13/climate/insur... https://www.nytimes.com/interactive/2024/05/13/climate/home-insurance-profit-us-states-weather.html https://www.nytimes.com/interactive/2024/05/13/climate/home-...