Let鈥檚 Talk New Mexico 08/14, 8am: Thanks to growing financial risks from climate change, property insurance premiums are ballooning, and not just in areas inundated with wildfire and subsequent burn scar flooding.
While the state doesn鈥檛 legally require homeowners to have property insurance, mortgage lenders will likely require homebuyers to carry coverage for flooding or fire.
That鈥檚 becoming a real headache in some areas, where insurers are pulling out of the market entirely 鈥� leaving major coverage gaps in places where home equity represents a .
On the next Let鈥檚 Talk New Mexico we鈥檒l explore the problem, and potential solutions, as lawmakers try to confront how climate change could reshape the state鈥檚 insurance market.
How have your insurance premiums changed over time? Have you taken steps to protect your property from fire or flooding? Do you think elected officials are able to tackle rising rates and climate change?
Email letstalk@kunm.org, leave a voice message on our website, or call in live Thursday morning at 8.
Guests:
- Jordan Haedtler, Climate financial policy consultant
- State Representative (R-Ruidoso)
- Tim Vigil, Deputy Superintendent,
- Janet Ruiz, Director of Strategic Communication,
Resources, Related Reading:
鈥溾�� - Source New Mexico
鈥溾�� - Insurify
鈥溾�� - San Francisco Chronicle
鈥溾�� - Pew Research Center
