Future climate/climate change is important…

You thought you had it all set…… but did you think to add in what the future holds in terms of climate for the state / area you chose?

Every state, and every area in each state has its good and bad points.  It’s usually at the top of the list of reasons why people choose that area or state where they’d like to spend their money on a home. But the climate is shifting some, and though it can be years down the road before any noticeable shift is seen, it is happening…. there are also annual natural disasters occurring in some states.

And because of that, homeowners insurance costs should be considered as there is word out now that in at least one state, (and maybe others), you cannot buy homeowners insurance through some insurance companies. That of course means that if a natural disaster happens, and you own a home which gets damaged, or destroyed completely, you have no insurance coverage. If you are able to insure it, you can be sure that the cost is high.

Now there is no crystal ball telling us exactly where these natural events will happen, but the reason it’s brought up is that you should at least think of that when you’re planning.

Maybe an option might be to buy in a different state / area where most of your likes are checked off, except for the weather there, so it is your second choice.  But this could work if you buy in your ‘second choice’ area and go to your favorite area or state on vacations.  And there are those of you who will say it doesn’t matter because if may never happen anyway. And, you may be right. The idea is to bring it to your attention, and then you decide what works best for you.