'This is by far the worst I’ve seen it in my 15 years in the industry.' How extreme weather is making it harder to insure your home.

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You count on insurance to be there in a disaster. But in the face of increasing risk, you may pay more for coverage — or even have trouble getting it at all.

Just about every part of the U.S. has felt the impact of climate change this summer, with drifting smoke from Canadian wildfires, flash flooding in the Northeast and dangerously high temperatures across the South. Extreme weather not only poses health risks but can also make it harder and more expensive to insure your home.

For example, a warmer atmosphere brings more evaporation, heavier rainfall and rising sea levels — all of which could increase your home’s chance of flooding. “The combination of the greater hazards and the vulnerability of these [buildings] is what’s put us on this course of destruction,” Papadopoulos says.

In states like these, some homeowners are scrambling to find a policy after their insurer drops them or settling for less comprehensive coverage because it’s all they can afford. Related: ‘It was so traumatic to see the destruction’: More Americans are moving to flood-prone areas. Why do they defy the warnings?

 

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