$50 Billion in Wildfire Damages. How Much Is Covered By Insurance?

When you buy a home with a mortgage, the bank often requires you to purchase homeowners insurance to protect them and you from disaster. This week Paul looks at how the most expensive wildfire in the history of the United States is being made worse by an insurance market that is dropping customers who have been paying for decades. Later in the episode, Paul talks about why the financial media just can’t resist using interest rates to predict the future of markets and the economy. 

 

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