Tag: weather disasters

Why Gen Z Is Checking Weather Maps Before Signing a Mortgage

Live Insurance News
Gen Z Is Checking Weather Maps

Weather Disasters and Rising Insurance Costs: A Barrier to Millennial and Gen Z Homeownership Homeownership has long been seen as a pillar of the American Dream, but for Millennials and Gen Z, that dream is becoming increasingly out of reach. It’s not just student loans or sky-high housing prices putting a dent in young buyers’ ambitions. Severe weather disasters and rising home insurance costs, fueled by climate change, are rewriting the rules of who can afford to own a slice of real estate. The Cost of Climate Change Hits Home…

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Americans are only at the beginning of weather related expenses

Julie Campbell

J.D. Power and Associates has released the results of study that indicated that a sizeable percentage of consumers who are in weather disaster-prone regions do not have adequate home insurance coverage. The United States may be the richest country in the world, but severe weather can still threaten its people and businesses. There are two primary socio-economic issues that impact the amount of economic loss that results from this type of catastrophe. They are: value at risk and population exposure. The 2011 U.S. National Homeowners Insurance Study showed that even…

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