Climate Change Drives Soaring Home Insurance Rates, Pricing Out Homeowners in Disaster-Prone States
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Insurance rates are increasing dramatically in some states, making it unaffordable for many homeowners. This is driven by climate change causing more natural disasters.
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California, Florida, and Louisiana are the states most affected by huge premium hikes. Some homeowners have seen rates jump by thousands of dollars.
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The insurance industry is raising premiums in disaster-prone areas due to the high costs of post-disaster recovery and increased risk.
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Climate change leading to more extreme weather is a long-term concern, potentially impacting future homebuyers and creating climate refugees.
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People can use tools like ClimateCheck to assess climate risks before buying property. Lifestyle changes like eating less meat can also help mitigate climate change.