The home insurance market is crumbling. These owners are paying the price
The home insurance market is crumbling. These owners are paying the price
The home insurance market is crumbling in New Orleans, leaving Alfredo Herrera with few options for coverage — and skyrocketing insurance premiums.
The home insurance market is crumbling in New Orleans, leaving Alfredo Herrera with few options for coverage — and skyrocketing insurance premiums.
Herrera, 35, works in finance for a local bank. He bought his 900-square-foot home in New Orleans’ Mid-City neighborhood in 2020 for $270,000, and lives there with his partner.
In 2022, he paid $1,600 a year for home insurance. But last July, his insurer canceled his coverage, saying it was leaving Louisiana.
In the past, acquiring or keeping homeowners’ insurance didn’t present much of a problem.
But as climate change increases the frequency and severity of extreme weather, insurers — especially those in areas most impacted by floods and fires — are raising their premiums, or pulling out altogether, impacting the affordability and availability of home and fire insurance.
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Actually every "goon" in this thread is giving practical advice to a real problem while you are over here preaching nonsense from a soapbox
Even if you somehow get insurance companies to pay people they don't even want to insure it's a temporary solution at best. Also it doesn't solve the problem of climate change at all so these families are still in harm's way.
Instead of getting angry at commenters for no reason and essentially calling for anarchy maybe you should join the "goons"
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