I’m not saying that offering insurance to a given property owner should be mandated, but that there’s always some price at which providing insurance is worthwhile to an insurer.
Like, say State Farm’s model predicts – as it probably correctly did here – that a house is most likely going to burn in the near future. Say the next two years, on average. Your annual fire insurance might be half the rebuild cost of your house, but they can still offer it, even at those levels of risk.
I’m not saying that offering insurance to a given property owner should be mandated, but that there’s always some price at which providing insurance is worthwhile to an insurer.
Like, say State Farm’s model predicts – as it probably correctly did here – that a house is most likely going to burn in the near future. Say the next two years, on average. Your annual fire insurance might be half the rebuild cost of your house, but they can still offer it, even at those levels of risk.