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8min chapter
235: A World Without Airbnb & Why "Sinking" Could Cause Your Insurance to Skyrocket
On The Market
Risks and Challenges of Owning Property in High-Risk Areas
The chapter delves into the dangers and obstacles of owning property in risky locations such as coastal areas vulnerable to erosion and sinking, citing examples like a condo in Malibu and the Millennium Tower in San Francisco. It explores the effects of climate change on natural disasters like hurricanes in Miami and the oversight of earthquake risks in California. The discussion emphasizes the importance of obtaining adequate insurance coverage to protect investments and navigate potential financial impacts from environmental hazards.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode