Homeowners across the nation are facing skyrocketing insurance costs or the complete loss of coverage due to increasingly severe weather events influenced by climate change.
Vice President Harris pointed out that the financial impacts of climate change are dire, with many individuals experiencing either exorbitantly increased insurance premiums or outright denial of coverage due to extreme weather events.
As climate-related disasters continue to increase, the resulting risks are leading to fewer insurance options for residents, significantly affecting low- and moderate-income households.
In regions particularly vulnerable to wildfires and storms, like California and Louisiana, homeowners are struggling as rising insurance costs force them to reevaluate their coverage options.
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