Throughout the country, homeowners are assessing how they can afford the rising cost of insurance, especially if they live in areas that are prone to natural disasters like the West Coast, with its increasing frequency of wildfires and mudslides, and the East Coast, with its increasing frequency of hurricanes.<br /><br />Residents like Kaye Steinsapir, grappling with the loss of their homes and communities, face a daunting insurance process filled with confusing terminology and frustrating delays. At the same time, insurers cite rising costs and limited coverage options, caught between financial pressures and policyholder needs. In this system, can both sides ever find a fair and sustainable solution?<br /><br />00:00 - Introduction: The Rising Cost of Insurance<br />01:23 - Factors Driving Up Insurance Premiums<br />03:57 - How Insurance Companies Are Responding to Increased Risk<br />05:18 - Understanding Reinsurance: Insurance for Insurers<br />07:44 - The Human Cost: Navigating Crisis and Insurance Complexities<br />09:11 - A Personal Wildfire Story: Evacuation and Uncertainty<br />11:57 - Challenges in the Aftermath: Claims and Coverage Gaps<br />13:03 - State-Run Fair Plans and the "Standing Home" Inventory Nightmare<br />16:00 - Protecting Yourself: Understanding Your Policy Before Disaster Strikes<br />17:06 - Holding Insurers Accountable & The Industry Perspective<br /><br />Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br /><br />Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br /><br />https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br /><br />Stay Connected<br />Forbes newsletters: https://newsletters.editorial.forbes.com<br />Forbes on Facebook: http://fb.com/forbes<br />Forbes Video on Twitter: http://www.twitter.com/forbes<br />Forbes Video on Instagram: http://instagram.com/forbes<br />More From Forbes: http://forbes.com<br /><br />Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
