Throughout the country, homeowners are assessing how they can afford the rising cost of insurance, especially if they live in areas that are prone to natural disasters like the West Coast, with its increasing frequency of wildfires and mudslides, and the East Coast, with its increasing frequency of hurricanes.
Residents like Kaye Steinsapir, grappling with the loss of their homes and communities, face a daunting insurance process filled with confusing terminology and frustrating delays. At the same time, insurers cite rising costs and limited coverage options, caught between financial pressures and policyholder needs. In this system, can both sides ever find a fair and sustainable solution?
00:00 – Introduction: The Rising Cost of Insurance
01:23 – Factors Driving Up Insurance Premiums
03:57 – How Insurance Companies Are Responding to Increased Risk
05:18 – Understanding Reinsurance: Insurance for Insurers
07:44 – The Human Cost: Navigating Crisis and Insurance Complexities
09:11 – A Personal Wildfire Story: Evacuation and Uncertainty
11:57 – Challenges in the Aftermath: Claims and Coverage Gaps
13:03 – State-Run Fair Plans and the “Standing Home” Inventory Nightmare
16:00 – Protecting Yourself: Understanding Your Policy Before Disaster Strikes
17:06 – Holding Insurers Accountable & The Industry Perspective
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