Hurricane Helene could cost $200 billion. Nobody knows where the money will come from.
grist.org
The estimated costs of Hurricane Helene have more than doubled since it made landfall. Almost none are covered by insurance.
  • Mouselemming@sh.itjust.works
    0·
    3 months ago

    Insurance only covers wind damage, not flood damage, unless you specifically carry Flood Insurance. Which is prohibitively high in frequently flooded areas, and expensive enough in usually-not-floodprone areas that nobody buys it there either.

    You know “no take, only throw”? With insurance companies it’s “no payouts, only premiums.”