When I bought my house in 2004, I had already done some research on possible natural disasters in the vicinity of the house.
It was important not to have to experience any flooding. The house is located on a hill and far away from the Weser, the nearest river.
But a very large forest is very close, less than 100 meters!
For living really nice and quiet with good air.
But the risk of fire? Uhoh. Already in the middle of the 2000s I read in the high-tech magazine “ Technology Review ” that the heat will increasingly become a problem and with it the forest fires.
And that insurers with high risks will go out of business or the premiums will no longer be able to be paid.
Good to have sold that house in 2021.
It begins…
You don’t know “my” house?
Here is a post with short videos:
Here is the article that is well worth reading:
https://www.spiegel.de/wirtschaf v t/us-insurance-without-umbrella-in-the-sun-state-a-e7882f31-220b-4429-9be8-f28d90b8e0c2?dicbo=v2-yFv5Ink&sara_ref=re-so-app-s
====
There is a sense of alarm in the industry. Damage from forest fires, hurricanes and floods is increasing dramatically worldwide.
In California, for example, the fires of 2017 and 2018 wiped out 26 years of local insurers’ profits, according to consulting firm Milliman.
No responses yet