29
Americans Are Alarmingly Underinsured for Flood Damage
(jacobin.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 26 Dec 2024
29 points (100.0% liked)
Socialism
2866 readers
132 users here now
Beehaw's community for socialists, communists, anarchists, and non-authoritarian leftists (this means anti-capitalists) of all stripes. A place for all leftist and labor news and discussion, as long as you're nice about it.
Non-socialists are welcome to come to learn, though it's hard to get to in-depth discussions if the community is constantly fighting over the basics. We ask that non-socialists please be respectful and try not to turn this into a "left vs right" debate forum by asking leading questions or by trying to draw others into a fight.
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
My parents don't have flood insurance, but they live on a hill that's about 150ft above the surrounding fields, and roughly 200-250ft above the closest waterway. If their house floods, then society has effectively collapsed in their state.
My sister and in-laws, however, all live within eyesight of the closest river or stream, and maybe 25-50ft above water level inside valleys. My wife's sister's house has had water get up to about 10ft away from the house, and STILL nobody has flood insurance.
SOME people can get away with it. Most can't and don't even realize it.
To be fair, it's entirely possible that they've been refused insurance. My relatives near water cannot get insured for anything less than a small fortune. Insurance companies know that climate change is making disasters more likely, and they're adapting. Hell, I had my auto insurance literally drop me over wild fires here in California (despite me living in an urban area that will never have one), and that's literally mandatory coverage to drive.
What company? Name and shame
Esurance