The scores aimed to predict a property’s risk from a fires, floods and storms, but some in the real estate industry as well as homeowners have called them inaccurate.
Other services, notably Redfin, still use the First Street scores. IMHO, they’re decent at a community level, but the property-to-property differences in the First Street scores are not particularly accurate
It’s baked into the price of skyrocketing homeowners insurance as well.
Yeah at this point just refer any remaining climate change deniers to the insurance companies whose risk assessment algorithms are blaring alarm bells.
Florida is struggling to attract insurers. They aren’t stupid; they need to make a profit to be a business.
California too
IMO we desperately need p2p insurance. The insurance industry as we know it is 100% enshittified by “crony” capitalism and we have no meaningful mechanism for assessing risk and funding solutions. Homeowners insurance is now about as good a deal as American health insurance.
That’s the idea behind mutuals and mutual insurance. It’s an older idea than you may imagine
This makes sense to me anyway, since nobody can really assess climate risks right now — just ask the residents of “climate haven” Asheville, NC.
No one is “safe” but there’s clearly a difference at a macro level of different regions. House to house isn’t a difference, but with so many people working full-remote, people are able to choose which cities they live in, so that comparative data is still useful.
In 2016 they also showed approximate crime statistics and that was removed previously.
I’ve always preferred redfin anyway. Better website features that make searching better.
I bought my house with Redfin while I worked for Zillow. Definitely better and not even close.
I came to say I prefered redfin.
