this post was submitted on 24 Aug 2024
1078 points (97.2% liked)
Memes
45718 readers
891 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The insurance is based on the cost to rebuild the home, which has also drastically gone up, so it makes sense that it has risen too
Yes and no: yes in that the real cost has indeed drastically gone up, but no in the sense that the cost that the insurance company would actually pay would be based on the policy's coverage limits, and I'm not sure if those have actually been adjusted to keep up...