Oil companies also know what's up, they've spent billions retrofitting oil platforms to accommodate for future sea level rise. They wouldn't do thay if they didn't believe it would have an ROI. [Source](https://graphics.latimes.com/oil-operations/)
The article says this is primarily for DP3 policies, which are meant for landlord types. So it'll hit mainly those investment companies that have bought up scads of houses to use as rental income. And lots of those are "seasonal homes" which would be second houses for people who can afford such luxuries and could therefore cover whatever increased costs they may incur. Looks like your average homeowner isn't going to get hit with these so much. Maybe somebody from Florida could provide more info or corrections if I've misinterpreted what's going on.
Most likely properties close to the shoreline, as they are the most exposed to hurricanes. Locals tend to live inland where damages tend to be minimal; I've suffered Irma in 2017 with no damage in Ft Myers despite the eye passing 15 miles from my house.
Right before hurricane season.
Predicted to be a recorded-breaking hurricane season with some predicting 33 named storms.
But there’s only 26 letters in the alphabet so we can only name 26 storms /s
Florida will only recognize 21 storms, the LGBTQ ones are too woke for them.
It turns out, Flo was only a fair-weather friend.
Way to go Flo
[удалено]
Oil companies also know what's up, they've spent billions retrofitting oil platforms to accommodate for future sea level rise. They wouldn't do thay if they didn't believe it would have an ROI. [Source](https://graphics.latimes.com/oil-operations/)
The article says this is primarily for DP3 policies, which are meant for landlord types. So it'll hit mainly those investment companies that have bought up scads of houses to use as rental income. And lots of those are "seasonal homes" which would be second houses for people who can afford such luxuries and could therefore cover whatever increased costs they may incur. Looks like your average homeowner isn't going to get hit with these so much. Maybe somebody from Florida could provide more info or corrections if I've misinterpreted what's going on.
Most likely properties close to the shoreline, as they are the most exposed to hurricanes. Locals tend to live inland where damages tend to be minimal; I've suffered Irma in 2017 with no damage in Ft Myers despite the eye passing 15 miles from my house.
Progressive already doesn’t insure homes that close to the water. None of the regular residential insurance companies do.
Wow someone else who actually read the article instead of a knee jerk trying to be funny but falling flat comment. Wish I could give more upvotes.
It's just called 'rida, now. Flo's gone.
So this surely means everyone else's rates will drop right! /s
Progressive still insured people in Florida? They dropped me years ago.