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.
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.