6mo ago

More Americans Are Missing Payments and Losing Home Insurance

www.nytimes.com

More Americans, Risking Ruin, Drop Their Home Insurance

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.

New York Times gift articles @sopuli.xyz

silence7 @slrpnk.net

6mo ago

More Americans Are Missing Payments and Losing Home Insurance

www.nytimes.com /interactive/2025/01/16/climate/home-insurance-cancellations.html

Climate - truthful information about climate, related activism and politics. @slrpnk.net

silence7 @slrpnk.net

6mo ago

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 /interactive/2025/01/16/climate/home-insurance-cancellations.html

21 comments

About a decade ago, North Carolina made it illegal to use 100 year forecasts in government documents.
How’s that working out
https://www.sciencealert.com/you-can-t-outlaw-hurricanes-how-north-carolina-turned-its-back-climate-change-bill-hb-819-nc-20-florence
- Did you ask chatgpt to find that link for you?
  
  I did use ChatGPT as a search engine to get a link so people wouldn’t have to look it up.
  It there a problem with that?
If you were wondering.
No data for Texas. Only partial information was available for seven other states.
- I can tell you our homeowners insurance went up by $120/month near Houston. Never flooded, never froze, never had wind damage, never had a claim. Our house is under 2000sqft and inland.
  
  Houston has significant hurricane risk, whether or not you've actually had a problem.
  
  Didn't Houston have historic massive flooding from Hurricane Beryl? And insurance companies are still fighting and having to pay out for Hurricane Harvey back in 2017.
  Your house is only one data point, and not the largest part of the calculation. Your neighborhood, county, and city infrastructure have a lot more to do with your insurance than your specific home. And the Houston area has a terrible track record with flooding.
  
  Sorry g, my home owners only went up by $20 this year. Glad I live somewhere without any real natural disasters
Hey, look! Everything is great in Texas!
Right?
You know what, no one correct me. It's embarassing enough living here.
- Statistics are socialist.
- 🎵🎸🐄🛻🎵
  Ain't no day duh, for Texas
  No info for ol San Antone
  Dallas is offline and Austin's all AFK
Well yeah, everything’s expensive as hell. If anyone believed were looking at anything other than the second Great Depression, they’ve got another thing coming.
- Yep. My regular ass deodorant was $8 damn dollars today. This isn’t fancy stuff folks. Basic ass deodorant is $8 in the grocery store. Like … WTF!?
- It's really starting to look like we didn't land a recovery. We just put a temporary plug in the hole and called the job done.
I'm conflicted. Do I leave them or join them here? (Continue or halt my insurance payments I mean)
If I leave them I'm safely broke forever, If I join them well go broke together right?
- Just accept that if your house burns down you now live in a tent on the same property. Until the local government evict you from your land for living on it in an unauthorized structure.
  Or how ever your government does it there anyway, they don't like it when people live cheaply and come up with bullshit excuses to justify it.
  
  Livin cheap = less $$$ absorbed by taxes = angry alphabet bois
  Also welcome to lemmy comrade!
South Carolina 🫡

21 comments