silence7@slrpnk.net to California@lemmy.worldEnglish · 11 hours agoCalifornia Mountain Towns Are Too Risky for Insurers, but Residents Want to Staywww.nytimes.comexternal-linkmessage-square9fedilinkarrow-up113arrow-down10
arrow-up113arrow-down1external-linkCalifornia Mountain Towns Are Too Risky for Insurers, but Residents Want to Staywww.nytimes.comsilence7@slrpnk.net to California@lemmy.worldEnglish · 11 hours agomessage-square9fedilink
minus-squaresilence7@slrpnk.netOPlinkfedilinkarrow-up2·9 hours agoHow do you propose to make insurance affordable in a community where the risk of it burning to the ground is, say, 5% in any given year?
minus-squarerobocall@lemmy.worldlinkfedilinkarrow-up2arrow-down1·8 hours agoDoes “burn to the ground” mean exclusively by wildfires or include arson/kitchen incidents/electrical incidents? Either way, the insurance companies need to be less greedy.
minus-squaresilence7@slrpnk.netOPlinkfedilinkarrow-up1·8 hours agoJust wildfires; the routine home accidents have a low enough annual risk that they’re insurable at an affordable price.
How do you propose to make insurance affordable in a community where the risk of it burning to the ground is, say, 5% in any given year?
Does “burn to the ground” mean exclusively by wildfires or include arson/kitchen incidents/electrical incidents?
Either way, the insurance companies need to be less greedy.
Just wildfires; the routine home accidents have a low enough annual risk that they’re insurable at an affordable price.