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.
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About a decade ago, North Carolina made it illegal to use 100 year forecasts in government documents.
How’s that working out
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.
