Homeowners in places most exposed to climate disasters are increasingly giving up on paying their insurance premiums, leaving them exposed to financial ruin, according to sweeping new government data.
Homeowners in places most exposed to climate disasters are increasingly giving up on paying their insurance premiums, leaving them exposed to financial ruin, according to sweeping new government data.
www.nytimes.com More Americans Are Missing Payments and Losing Home Insurance
As climate threats worsen, they are skipping payments and losing protection.
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"Exposed to financial ruin" Thank goodness insurance is not actively denying claims or canceling out any coverage related to disasters in the area!
Canceled policy = you've got an opportunity to get another one when your current one runs out.
Denied claims are of course a problem.