YOUR INSURANCE STORIES
As climate-fueled disasters increase in number and severity,
home insurance are claiming that they are becoming a money-losing business in more and more of the country – including Minnesota.
Because of floods, hail storms, and other climate events, insurance companies have called Minnesota unprofitable in 6 of the last 7 recorded years. Rather than divesting in carbon or investing in community resilience, insurance companies are responding to risk by raising premiums or dropping policies.
Minnesotans have faced premiums so high they can't afford to keep them or property damage so severe that insurance companies won't pay out. We need real community-led solutions to this problem.
Policymakers can help people with home insurance problems by regulating insurance companies to prevent discriminatory practices, supporting mitigation efforts like building code upgrades, establishing state-backed insurance pools for high-risk areas, providing subsidies for low-income homeowners, and promoting transparency in pricing and risk assessment by insurers; essentially, make home insurance more accessible and affordable.
Your stories can make a difference.
MNIPL is compiling stories from Minnesotans who have been affected by these issues. We want to show our elected officials that Minnesotans are facing real harms from our insurance crisis and encourage them to support community-led solutions like Housing Resilience Agencies and holding fossil fuel companies responsible for the harms of climate change.
Whether you've been dropped by your insurance, faced rate hikes that have forced you to choose between insurance or other needs, or had damage that insurance wouldn't cover, your story matters. Please share it below – we'll be adding them to this website and sharing them with officials.
Share your insurance story!
Please note: If you believe your insurance company has done something unethical or illegal in regards to your policy or any claims you've submitted, please report please file a complaint with the Department of Commerce. You can do so by clicking here.