The Home Insurance Crisis That Could Crash the Housing Market with Chloe Demrovsky
About this episode
Nicole Lapin discusses the home insurance crisis with Chloe Demrovsky, highlighting its impact on the housing market and how homeowners can protect themselves.
Nicole used to think insurance was a boring subject.... until she lost her home in the Palisades fire. Today, she is teaming up with the Coalition for an Insurable Future to tell you about what you need to know about the insurance issue that could become the next great American financial crisis, and how to protect yourself. In this episode, Nicole sits down with Chloe Demrovsky, one of the nation's leading voices on disaster risk and resilience. Nicole and Chloe break down the numbers: homeowners insurance premiums are up 74% since 2008, 40% faster than inflation, and 95% of American homeowners are already feeling it. Then they get tactical: what "uninsurable" actually means, the coverage gaps that catch most people off guard (spoiler: flood is not in your standard homeowners policy), and the exact steps to take before a disaster strikes. Learn more about the Coalition for an Insurable Future and follow their work. Learn more about Chloe Demrovsky and follow her work. #CoalitionForAnInsurableFuturePartner
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