US Home Insurance Still Priced Too Low for Climate Risk, Says Swiss Re Chair
US Home Insurance Still Priced Too Low for Climate Risk, Says Swiss Re Chair
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Eat. Fucking. Shit. Boo hoo, the poor multibillion-dollar insurance companies have to honor their contracts and actually pay out for people's policies. All I read is, "We want to increase our profit margins using the specious reasoning that it's because of climate change; don't like it, move. Also, we're not going to do anything to address the causes, because that would hurt our bottom line."
And who will be hurt most by these "necessary" price hikes? It's certainly not people wealthy enough to afford them or wealthy enough to move. It's everybody else who can't afford to move and/or who are forced to carry insurance by their lender.
Yup. They keep raising my insurance, year after year even without any claims being made. This increases my monthly mortgage payments. They also keep creating bs loop holes to jump through like going off of credit scores for affordable rates which is horse shit. I had amazing credit when I bought my home, however a series of hospital visits has utterly destroyed my credit scores.
Dear Insurance companies, go fuck yourself you greedy cunts
Why did your hospital visits touch your credit?
Sounds like you own a house you can't actually afford.
I wasn't able to afford medical insurance at the time and fell behind on arranged payments on 2 ER (emergency room) visits. In America medical debt effects your credit score negatively.
Sounds like you're condescending asshole that doesn't know what they are talking about
I live in America, have medical debt that I generally have ignored, and it never shows up on my credit score, I wonder if making the payment arrangement is what made it show up on the report, because currently I have a 800 credit score.
There's something they aren't telling us here. It sounds like they likely put the arranged payments on their credit card.
You don't understand! I put myself in situation where I can't afford my house, and now I can't I afford my house. It's not MY fault.
This is ignorance and/or maliciousness.
You're implicitly generating a fantasy to say this person pays too much for their home when that information is only compared to hospital bills. Idk about you, but I don't have hospital bills every year or even every decade like a monthly mortgage. To "put myself in a situation where I can't afford my house" may mean just getting cancer or getting diabetes or dealing with another disease or ailment that I wasn't before.
So either you don't know how hospital bills can be financially debilitating. Or you do and you're blaming them for addressing their health, as if they should just die.
Which is it?
Maybe I don't understand, I've always had insurance. I thought Americans were required to have insurance.
But also, they said they didn't have insurance because they couldn't afford it. So I think I'll let my claim that they can't actually afford their house stand.