The only problem with changing terms of a contract after the fact is that you add a risk premium to the pricing model, and render any savings for consumners choosing higher wind deductibles without value.
Property insurance is highly segmented based on risk the carriers assume. If governors can shift the risk from consumers to insurance carriers, the pricing going forwad will have to reflect that.
Not fair to consumers who would choose for themselves.
The only problem with changing terms of a contract after the fact is that you add a risk premium to the pricing model, and render any savings for consumners choosing higher wind deductibles without value.
Property insurance is highly segmented based on risk the carriers assume. If governors can shift the risk from consumers to insurance carriers, the pricing going forwad will have to reflect that.
Not fair to consumers who would choose for themselves.