It is all subjective of course, but I will take the lower chance of the high severity event over the high chance of the somewhat lower severity event. I have had to dig myself out of snow many times already in my short life and I have been through multiple power outages due to rainstorms or ice bringing down power lines.

But I have never had to deal with an earthquake or wildfire (other than staying inside for a few days). And I have been through multiple power outages due to rainstorms or ice bringing down power lines.