Wednesday, July 12, 2023

Climate Change Scam

Don't read the title and start defiling me as some sort of right wing nut job. I'm not talking about the actual effects of climate change today.

We live in a homeowners' association of 145 units and, as is normal in such associations, carry a master hazard insurance policy covering all of the units and common property. The premium for that policy went from $55,000 last year to $225,000 for the upcoming year, an increase of 309%.

The reason given is California's increased wildfire risk due to climate change, and we are told that we should not complain about the increase because, given that we are in California, we are fortunate that we are able to obtain homeowner's insurance at all. 

Wildfires? We are located in the middle of downtown of the third largest city in California. How big is our wildfire risk?

No comments:

Post a Comment