One of the least talked about aspects of global warming is the effect it will have on insurance policies for coastal communities. I live in one such coastal community. It seems that the risk of climate caused disasters is having a detrimental effect on the local insurance policies. Simply put, the insurance companies don’t think the risk is worth it.

Try to see it from their point of view, you own a giant multi-million dollar beach front mansion, every couple of years a giant hurricane could come and demolish this behemoth. Do you as a insurance provider want to pay this person millions of dollars every ten years to rebuild their home in the same spot? Of course you don’t.

With the specter of global warming rearing its ugly head the risk that that multi-million dollar home will be washed away becomes even more real. Insurance companies are starting to pull policies.

Obviously the home owner is not going to see it this way. They might not also make the connection that the Hummer they have in the drive way is part of the reason they are losing their home owners insurance.

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