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How does it make more people homeless? Insurance absolutely is a good proxy for real risk and there are plenty of places to be building homes. If you live in a
by infecto 1y ago
How does it make more people homeless? Insurance absolutely is a good proxy for real risk and there are plenty of places to be building homes. If you live in a flood zone you can still get the government to help cover some of the risk but also… flood zones are not new. I don’t really want to incentive people to continue to buy and build in these areas. Use the dollars to rebuild elsewhere.
- rimunroe 1y agoBecause when people get priced out of their existing homes they often find that they can't afford houses elsewhere either.
- throwmeaway222 1y agoInsurance was not supposed to work this way first of all. You're a woman so we're going to charge you double for health insurance because you know, your boobs might get lumps. I do agree with people that "rebuild and rebuild and rebuild" in the same area without the codes catching up.. I think if someone is wealthy enough they can afford james hardie siding ALL the way up - for example in a fire zone. I think the insurance should be the same cost but the payout should be capped based on the decisions that are made.
- quickthrowman 1y ago> Insurance was not supposed to work this way first of all. Insurance is a mechanism to transfer risk, this is exactly how it works. Actuaries calculate risk, and then the insurance company sells a policy they think they can make money on based on the calculated risk. US health insurance isn’t insurance, it’s just called insurance for whatever reason.