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Insurance, Disasters, and the Evolving Mindset
This chapter examines the complex interplay between rising insurance rates and the frequency of weather-related disasters like hurricanes and hailstorms. It uncovers how perceptions of storm activity differ from actual occurrences, and how human behavior influences hail-related claims more than climate change. The discussion also highlights strategic insurance considerations for landlords, including the benefits of higher deductibles and the psychological aspects of self-insuring within their investment strategies.