this post was submitted on 06 Oct 2024
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submitted 1 month ago* (last edited 1 month ago) by [email protected] to c/[email protected]
 
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[–] [email protected] 3 points 1 month ago

Yeah, that's fair. For the most part in the US insurance companies charge you based on the 100-year flood plan for a given area. A place is in danger of flooding They charge you a significant amount of money for your home insurance which is required to get a loan for a home.

With the escalating climate issues however, I suspect a lot of those insurance rates are under covered.