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Igel

(37,620 posts)

10. That's what insurance does.

Reply to dalton99a (Reply #5)

Mon Jul 31, 2023, 10:39 AM

Jul 2023

With the proviso that insurers will usually group areas or cohorts to form risk pools to keep the subsidies from being too great--if they are, then some other insurance will partition the overall risk pool in a way to pick the low-hanging fruit and take away business.

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Home Insurers Are Charging More and Insuring Less [View all] dalton99a Jul 2023 OP

So thankful we 'grandfathered' in to our woodsprite Jul 2023 #1

Lucky you Rorey Jul 2023 #2

I understand your dilemma jimfields33 Jul 2023 #3

I just really, really, really hate being a landlord Rorey Jul 2023 #13

Even in "safe" areas, climate change will wreck insurance policies NickB79 Jul 2023 #4

+1. Safe areas will effectively subsidize high-risk areas dalton99a Jul 2023 #5

That's what insurance does. Igel Jul 2023 #10

They have been doing this for years. Nt spooky3 Jul 2023 #7

Now climate change is accelerating rapidly NickB79 Jul 2023 #9

well, it's kind of dumb... Think. Again. Jul 2023 #6

The purpose of insurers is to make money, not cover losses. Chainfire Jul 2023 #8

Both. Igel Jul 2023 #11

Yes, mine went up 11% this year. sinkingfeeling Jul 2023 #12