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Re:America in flames by slg on Friday September 11, 2015 @01:09PM (#10204837)
That is obviously true, but that doesn't stop other insurance industries. A healthy 40 year old women and a 70 year old man with heart disease are going to have different prices for a $1m life insurance policy, but both policies will pay out equally regardless of when they die.

I'm not saying home insurance needs to be the same cost for everyone, but the current situation of specialized policies that vary house to house in each region is overly complex. Plus climate change is changing the risk profile for everyone and the results of which are not yet clearly understood by climate scientists let alone random homeowners.

Re:America in flames by kbenson on Friday September 11, 2015 @01:32PM (#10205006)
> but the current situation of specialized policies that vary house to house in each region is overly complex

I actually think it's not complex enough. How else do you accurately price natural disasters into existing homes, whose ownership is often measured in decades? I think any area with a chance over a certain percent of a natural disaster that could cause catastrophic loss of property should require insurance, and the insurance cost should be as accurate as possible to the reality of living in that location.