One of the impacts of climate change could be that insurance will be too expensive for many people in Florida and throughout the country to afford. Climate change was cited as the reason why insurance companies lost $24 billion after wildfires burned portions of California. In addition to fires, increasing global temperatures could result in hail, rain and other significant weather events. Generally speaking, the more risk an insurance company has to take, the more it will charge for coverage.
Windows can have some problems that are necessary to avoid if you want your home to retain its value and to be safe to live in. There are several common issues that arise with windows, including warping, bowing and fogging up.
The damages caused by Hurricane Michael continue to haunt people in Florida and cause significant damage to their pocketbooks. According to the Federal Emergency Management Agency, over $957 million in federal assistance has been provided to Florida as a result of the hurricane, five months after it was declared a disaster. This aid has taken several forms, including that of grants, loans and insurance payments for individual homeowners, business owners and state and local governments.
A couple in Florida claimed that their insurance company did not pay them enough to fix damage caused by Hurricane Irma in 2017. While they did eventually get the insurance company to increase its payout to $17,647, the couple says that the check still has not arrived. The couple claims that the roof still needs to be fixed and could start to leak at any time.
A Florida roof that's over 15 years old could lead to an increase in homeowners' insurance. Furthermore, a homeowner could be denied a policy completely if a roof was installed 19 or more years ago. However, most roofing materials are designed to last for at least 30 years or more. Therefore, rushing to put up a new roof could be a waste of money.