Kaz Weida
speaker
196 appearances
1 recordings
1 series
first heard Jan 2026
last heard 15 Jan
Kaz Weida’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jan 2026 with 1.
Appearances
That's scary.
Yeah, right?
As many as one in six are simply underinsured.
So if they got into an accident, they probably wouldn't be able to pay for it even with the insurance that they have.
So when budgets get tight, people do stop paying for insurance.
And that's something insured folks need to be aware of because that can raise your rates.
As an insured driver, you absorb the costs in an accident and eventually that will show up in your premiums.
Yeah, I mean, a lot of states require uninsured motorist coverage precisely for this reason, because there are so many uninsured drivers on the road and they want folks to have that safety net.
So I think it's pretty rare now when you look at state minimum insurance requirements for them not to require something like that, depending on whether the state is an at-fault or no-fault state.
Yes.
The phenomena that we talked about before, I think just to put a finer point on it, you've got insurers leaving certain states or certain markets, and that creates a situation where those homeowners are left in the lurch, and they've got to go get home insurance from the state's insurer of last resort, which sounds rather dramatic, but usually that means less competitive rates.
So this is happening in places that you might not expect.
Certainly California, Texas, Florida, we might think increased wildfire risk, increased storm and flooding risk there, but also states like Minnesota and Iowa and across the Midwest where they're seeing more hail damage claims and those sorts of things.
This is playing a wider role across the country than you might imagine.
And the other thing that I don't want to downplay is how much building costs have risen in the last couple of years.
So the National Association of Home Builders said between 2019 and 2024, some of the most common building materials that you'd use...
rose by as much as 45%, depending on the material.
That is showing up in your homeowner's rate for sure.
And we're also starting to see an issue with labor shortages.
So the Association of General Contractors of America took a survey quite recently, and about a third of their firms said that they were being affected by immigration enforcement.
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