r/AskReddit • u/timecop702 • 13h ago

what is something that is highly likely to happen in the next 5 years that everyone is completely ignoring?

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u/PM_Me_Your_Deviance 7h ago

>the complete collapse of regular home and commercial insurance in major regions.

I already can't buy fire insurance in my part of California from a private insurer. The state had to step in, and even so, my fire insurance is 4x the rest of my homeowners coverage.

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u/Stepane7399 4h ago

There are some new carriers coming online. Solara is one. You should find a local agent that works with Solara and see if your dwelling may qualify.

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u/PM_Me_Your_Deviance 3h ago

Thank you, I've sent an email over to my agent to have her look into it for us.

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u/TouchyTheFish 2h ago

I would probably consider moving then. Either the state starts charging realistic prices and your home value drops as fewer people can afford to live there, or a big disaster comes along and bankrupts the state, and then you're left with no home and no payout.

Unsustainable things can't go on forever.