Disasters are just another cost (risk). You can mostly mitigate the risk by avoiding known disaster areas and buying insurance. Renting has its own risks and co

Disasters are just another cost (risk). You can mostly mitigate the risk by avoiding known disaster areas and buying insurance. Renting has its own risks and costs. Overindexing on one risk or cost is not sensible. We had an earthquake (unknown faultline so completely unpredicted) in my city Christchurch. Owning your own home had costs and insurance response here wasn't ideal. Not owning your own home would have been more costly over a decade or two. Just after a one-off disaster is a great time to buy. Christchurch realty has really bounced back.