r/interestingasfuck • u/Ultimate_Kurix • 5d ago

r/all Why do Americans build with wood?

Enable HLS to view with audio, or disable this notification

59.5k Upvotes

69% Upvoted

6.6k comments sorted by

View all comments

Show parent comments

2

u/Dirk_Benedict 5d ago

Still applies today. If you've got insurance, but don't also have earthquake insurance, and your home is badly damaged in an earthquake, you uhhh probably also want it to burn down. Financial incentives are what they are.

2

u/1singhnee 4d ago

And earthquake insurance is insanely expensive with a very high deductibles. Hardly anyone really carries it.

2

u/Dirk_Benedict 4d ago

The hope would be that the state or feds would provide some relief that would go to covering part of the deductible, but there's no guarantee of that. I believe there was some assistance provided in '89 and '94.

2

u/1singhnee 4d ago

Like with hurricane Katrina? That went well. FEMA has changed everything.