Climate change, and leave the arguments for its cause out of it, is leading to bigger weather events including more frequent and larger hurricanes. The cost of insurance on the SE coast, where we live, is making it untenable to live near the ocean unless you are quite wealthy. We have somewhat reluctantly sold our townhome and are moving inland. The premium for our HOA’s master policy more than doubled last year. And our HO-6 policy premium increased over 20% and the deductible was raised 250%.
Yes, but even though she pays a higher fee she will make more profit because the 10 cent fee doesn’t change whether the cost is $1 or $2. At $1 she makes roughly 87 cents and at $2 she makes roughly $1.85
She is not but she will still make more money. The 10 cent charge is the same whether the cost is a $1 $2 or $10. At $1 she will pay a fee of 2.6 cents plus the 10 cents leaving roughly 87 cents profit. At $2 she will pay 5.2 cents plus 10 cents leaving a profit of roughly $1.85.
Meteorological spring is March 1.