Expect such costs and disasters to increase as we continue to pollute our air, land, and water!
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And those that live in harms way should pay those increases. The rest of us should not.
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liarThanks. Twitter will use this to make your timeline better. UndoUndo
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Easier to increase premiums than to increase Building & Property durability to storms, floods, quakes, wildfires. Per
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Everyone would have to live in million dollar bunkers to withstand multiple hurricanes like that. It's cheaper to rebuild.
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It's deadlier & costlier to rebuild.
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When a $200,000 building fails, the Construction Industry needs to rebuild & sell 3 same price buildings to return to normal profit margins. Problem: the building occupants only need one Building.
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So every single building should be built to withstand back to back Cat 5 hurricanes? Not feasible.
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What's not feasible? Airplanes can withstand 1,200+ MPH winds, spacecraft can withstand 17,300+ MPH winds, cars & trucks can withstand 200+ MPH winds, why can't Buildings?
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Buildings can. You just have to agree that the entire population of PR needs to live in concrete bunkers.
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Take your shock absorbers, ball joints, tension springs, tie rods & tires off your car & see how long it lasts driving 50 MPH. (That's how your Building rides in wind, flood, & shock forces)
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Not raised insurance rates in years? Has WSJ been sleeping for years? WAKE up. Go outside to real world!
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It’s a Racket anyways
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