The Home Insurance Crisis That Could Crash the Housing Market with Chloe Demrovsky
6/24/202653 min
Nicole used to think insurance was a boring subject.... until she lost her home in the Palisades fire.
Today, she is teaming up with the Coalition for an Insurable Future to tell you about what you need to know about the insurance issue that could become the next great American financial crisis, and how to protect yourself.
In this episode, Nicole sits down with Chloe Demrovsky, one of the nation's leading voices on disaster risk and resilience. Nicole and Chloe break down the numbers: homeowners insurance premiums are up 74% since 2008, 40% faster than inflation, and 95% of American homeowners are already feeling it. Then they get tactical: what "uninsurable" actually means, the coverage gaps that catch most people off guard (spoiler: flood is not in your standard homeowners policy), and the exact steps to take before a disaster strikes.
Learn more about the Coalition for an Insurable Future and follow their work.
Learn more about Chloe Demrovsky and follow her work.
Clips
Transcript preview
First 90 secondsSpeaker 10:00
The price of gas right now will bring a tear to your eye, especially in Los Angeles, where I live. When you see pictures of crazy high prices in California, it feels like those photos are always taken right around my house. So here's one tip I love to use to save a little money every time I fill up. Use a card that offers you cash back on gas, like the Chime card. They offer 5% back on gas, which is like taking 5% off the price at the pump. And the benefits offered by Chime stack. Like, take that 5% cash back and stick it in a savings account. With Chime, you can get a 3.75% APY on your savings. That's nine times higher than the national average. Suddenly you're making money off your bank instead of them gouging you with fees and charges. Chime is not just smarter banking, it is the most rewarding way to bank. Join the millions who are already banking fee-free today. Head to chime.com/mnn. That is chime.com/mnn. It only takes a few minutes to sign up. Chime is a fintech, not a bank. Banking services for MyPay and Chime Card provided by Chime's bank partners. Optional products and services may have fees or charges. Stated annual percentage yield and cash back for Chime Prime only. No minimum balance required. Checking account ranking based on a J.D. Power survey published October 20, 2025. For more information on APY rates, MyPay, SpotMe, and travel perks, go to chime.com/disclosures. Pop quiz. Are you the kind of investor who likes to pick their stocks and ETFs, or are you all about that robo-advisor life? There's not only one right way to invest, so you shouldn't have to choose. No matter what kind