FTFY: subsidize people living in red states

> FTFY: subsidize people living in red states

Please leave politics out of this discussion, it's immature.

Lol tell that to Trump.

yep precisely: https://talkingpointsmemo.com/news/trump-and-his-allies-foll...

And those comments are as distasteful as yours but I understand you are blinded.

I recommend doing some careful consideration about how intrinsically tied up politics are to every facet of our lives. You may find this distasteful, but choosing to ignore it merely blinds you to the way that power works in the United States.

I recommend realizing how crass your comments are. You won’t though which is fine by, there will always be a population on each side that is blinded by their own ideology. Discussion is valuable, finger pointing is cheap and is a lame method that both sides on the fringes use. There is a reason your comment is below 0.

Mortgage firms demand Home insurance policies which it covers some fires, but not all fires. E.g. if there’s an earthquake and it causes a natural gas fire, you’re not covered by home insurance. Same goes for if there’s a flood and it causes a fire, not covered.

I suspect long term fire insurance due to wildfire will not be covered by home insurance policies. As it’s not a “random” event, and instead a risk of certain areas.

Your statement is not entirely accurate. Under the insuring agreement of a typical homeowner’s insurance policy, fire—including wildfire—is a covered peril, unless specifically excluded elsewhere in the policy. Standard policies are designed to provide coverage for direct physical loss or damage caused by fire, regardless of whether the fire is “random” or arises in wildfire-prone areas.

While some exclusions may apply to fires caused by excluded perils (e.g., floods or earthquakes) or to contributory factors like neglect, wildfires are generally not excluded in standard homeowner’s insurance policies.

And the policies could in the future explicitly not include wildfire risk

> I suspect long term fire insurance due to wildfire will not be covered by home insurance policies. As it’s not a “random” event, and instead a risk of certain areas.

Insurance companies cover known risks all the time. The greater the risk, the higher the premiums.

As long as insurance companies are permitted to accurately and fully price the risk into premiums, anything is insurable — at least in concept.

TIL! Thanks for the info. I didn't know there was an actually functioning state fire insurance plan. I guess all those news articles about insurers pulling out of California is political propaganda I fell for :/

Here's a link if anyone's interested https://www.insurance.ca.gov/01-consumers/200-wrr/California...

That propaganda isn’t entirely wrong. There’s a regulatory agency in California that controls insurance premiums and they’ve kept the insurers from raising rates to account for the real risks so insurers have been pulling out. CalFAIR is still available for everyone so it’s not a total shit show but with over 10k structures destroyed so far, we’ll see whether the state has to bail the program out.