I remember when Hugo hit here in Charleston, SC, 35 years ago. Insurance inspectors were all very polite, respectful, concerned for what people had been through. Checks were quickly paid for the amount of damage that had been done, and for the correct amount. I don't recall anyone having to go to court to fight insurance companies. There…
I remember when Hugo hit here in Charleston, SC, 35 years ago. Insurance inspectors were all very polite, respectful, concerned for what people had been through. Checks were quickly paid for the amount of damage that had been done, and for the correct amount. I don't recall anyone having to go to court to fight insurance companies. There had been no major hurricanes prior to Hugo for many years. I'm sure the insurance companies expected that in the future that would continue. Obviously, with increasing climate change, the opposite has occurred. Now insurance companies fight tooth and nail to avoid paying customers what they deserve. Furthermore: our homeowners insurance has TRIPLED in the past several years. We now pay over $30,000/yr. for homeowners insurance and $10,000/yr. for flood insurance. There's no way we can afford this (retired on SSI), and are being forced to move. That is the case for hundreds, if not thousands, of us here in Charleston.
Insurance companies base their rates on the assumption that the future will be like the past. They are now realizing that places like Florida, the gulf coast, and the Atlantic coast are having bigger and more frequent storms it is CLIMATE CHANGE!! Many houses in these areas need to be able to survive a catagory 5 storm, with little damage, to be insurable.
Our house is 200 years old, and has survived many hurricanes. The insurance companies are actually having to assume that the future will be UNLIKE the past!
Beaufort County South Carolina is the county that is projected to be impacted most severely by climate change of any county in the US. So stay away from that county.
Have no fear. Strangely, we were thinking of Asheville, nicknamed "Climate Heaven". (Our daughter lived there for 6 happy years.) Well, you saw what happened there. Research Triangle, maybe?
Asheville, is actually better than Raleigh. Asheville’s flooding has identified where it floods. The homes that did not flood will likely not flood next time. Homeowners insurance will not cover the damage in Asheville because it is flooding.
Asheville was near the center of heaviest rain, so it has had it’s big hurricane induced flood, so the flood plan map can be updated. Raleigh flooded but it was not at the center of the heaviest rainfall, so it’s big flood is yet to come.
Raleigh flooded this time?? Not what my friends in the Research Triangle are telling me. Anyway, no matter where I live, from now on I will buy flood AND earthquake insurance, along with earthquake insurance, because it's absolutely worth it if something unexpected (even bizarre) happens. I've learned many, many, many times: better safe than sorry.
I remember when Hugo hit here in Charleston, SC, 35 years ago. Insurance inspectors were all very polite, respectful, concerned for what people had been through. Checks were quickly paid for the amount of damage that had been done, and for the correct amount. I don't recall anyone having to go to court to fight insurance companies. There had been no major hurricanes prior to Hugo for many years. I'm sure the insurance companies expected that in the future that would continue. Obviously, with increasing climate change, the opposite has occurred. Now insurance companies fight tooth and nail to avoid paying customers what they deserve. Furthermore: our homeowners insurance has TRIPLED in the past several years. We now pay over $30,000/yr. for homeowners insurance and $10,000/yr. for flood insurance. There's no way we can afford this (retired on SSI), and are being forced to move. That is the case for hundreds, if not thousands, of us here in Charleston.
Insurance companies base their rates on the assumption that the future will be like the past. They are now realizing that places like Florida, the gulf coast, and the Atlantic coast are having bigger and more frequent storms it is CLIMATE CHANGE!! Many houses in these areas need to be able to survive a catagory 5 storm, with little damage, to be insurable.
Our house is 200 years old, and has survived many hurricanes. The insurance companies are actually having to assume that the future will be UNLIKE the past!
Beaufort County South Carolina is the county that is projected to be impacted most severely by climate change of any county in the US. So stay away from that county.
Have no fear. Strangely, we were thinking of Asheville, nicknamed "Climate Heaven". (Our daughter lived there for 6 happy years.) Well, you saw what happened there. Research Triangle, maybe?
Asheville, is actually better than Raleigh. Asheville’s flooding has identified where it floods. The homes that did not flood will likely not flood next time. Homeowners insurance will not cover the damage in Asheville because it is flooding.
Yes, only flood insurance covers floods so it is an essential -- but separate -- policy. Why is Asheville better than Raleigh??
Asheville was near the center of heaviest rain, so it has had it’s big hurricane induced flood, so the flood plan map can be updated. Raleigh flooded but it was not at the center of the heaviest rainfall, so it’s big flood is yet to come.
Raleigh flooded this time?? Not what my friends in the Research Triangle are telling me. Anyway, no matter where I live, from now on I will buy flood AND earthquake insurance, along with earthquake insurance, because it's absolutely worth it if something unexpected (even bizarre) happens. I've learned many, many, many times: better safe than sorry.