While the effects of carbon emissions and global warming are becoming increasingly apparent every day, it seems the climate isn’t the only thing that’s changing.
Effects of climate change have reportedly pushed homeowners insurance prices to such highs that it has priced out many potential homebuyers from being able to afford a home.
Likewise, regions prone toward natural disasters – such as California and Florida – are seeing insurers pull out of the area in droves, putting homeowners between a rock and a hard place when it comes to protecting their property.
As climate change’s impact continues to heat up around the world, it looks like the finances behind the U.S. housing market won’t be spared from the devastating effects of global warming.
