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Brian Schatz: “The main driver of [home insurance increase] is the…”

Featuring: Brian Schatz, Democratic | U.S. Senate from Hawaii

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Here's 5 ways Donald Trump is raising your prices, right now.

Published | Video Starts at 01:52

Number four, home insurance. And this is a sleeper. If you own a home, you've probably seen your home insurance spike over the last few years. And frankly, The main driver of [home insurance increase] is the increased severity and frequency of natural disasters driven by the climate crisis. And so insurance companies are realizing that if you live in the range of a wildfire or a flood or a tsunami or a hurricane or any number of natural disasters, that's got to be priced in. (01:52–02:01)

CLAIM

Asserts that climate change-driven natural disasters are the main driver of increased home insurance costs.

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