EP 197: The Cost of Risk: Why Some Homeowners Refuse to Buy Insurance
In today's episode, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management discuss the two main reasons why more people are choosing to skip home insurance, as outlined in a recent Wall Street Journal article.
We'll be taking a closer look at the financial and psychological factors that influence this decision, including the rising cost of premiums and the optimism bias that can lead people to underestimate their own risk.
Whether you're a homeowner yourself or simply interested in understanding the risks and rewards of home insurance, this episode is not to be missed.
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