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AdmirableTea3144 t1_j9om2jq wrote

And yet people are moving to Miami! If home insurers factored in climate change risk into their premiums, the majority wouldn’t be able to afford home coverage in South Florida.

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OriginalCompetitive t1_j9ow2xm wrote

Insurers do factor climate risk in to premiums.

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Truth_is_Liberal t1_j9p14jr wrote

We do, and that's one reason even car insurance is so expensive in FL. It's still not expensive enough though. The rest of us are subsidizing Florida residents through higher premiums than we deserve.

I have tons of sympathy for the people of Florida, but their government can go fuck itself. Every single climate change denier there should get strapped to a palm tree during the next hurricane.

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AdmirableTea3144 t1_j9ox3qi wrote

Can you get flood insurance in Florida?

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illapa13 t1_j9pdg6y wrote

Despite the memes. Floridians aren't stupid. Huge sections the state are built to resist hurricanes and a ridiculous amount of canals have been built to redirect stormwater away from homes.

Ever since hurricane Andrews leveled South Florida in 1992 we've changed how we build homes specially to survive up to category 3 storms. We have some of the best building codes in the country.

Also in Florida yes you can definitely get flood insurance assuming your house is not built in a flood zone and in all our insurance policies hurricane damage is specifically in a separate section.

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AwkwardPregame t1_j9q11wl wrote

That awkward moment that someone knows the first thing about actuators and insurance

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PepperoniFogDart t1_j9qpe93 wrote

If there’s one thing insurance companies spend heaps of cash on, it’s analytical modeling to mitigate risk.

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