Much of Southern California is like this - hard to get fire insurance or it’s just very expensive. Sometimes no one will insure you even if you’re willing to pay ungodly amounts.
Discussion
Sounds like they knowingly accept the risk 🤷🏻
Much of the world has some sort of natural disaster risk - it’s just a matter of how much you’re willing to tolerate.
True. Some areas are much more statistically likely to suffer something than others. Obviously it’s impossible to guess correctly.
I live in Japan where most cities are coastal and prone to tsunamis. A “right” kind of earthquake can generate a tsunami that will wipe out a good portion of a city. They happen at least once every 100 or so years. The question is should I worry about a potential earthquake of this magnitude in my lifetime or can I go about my life as normal? Probably both … but to a point I should move elsewhere? I don’t know. Easy to say yes, and very reasonable reaction but much harder to do in practice when your life is tied to one location in more ways than one.
I appreciate the perspective. It’s easy for me to comment without my life deeply tied up in a location.
Yeah. Live where it makes sense. If insurers won’t insure you for hurricanes, wildfires, buffalo stampedes, then you should take a hint and live elsewhere, because you’re about to just support their statistician’s findings. These guys calculate risk for a living. Listen to their inclinations.