climate ghetto

The various natural disasters that have occurred in the last few years have led to an increase in insurance costs for areas badly affected by flood or fire. Indeed, some houses have been classified as uninsurable.  This has divided the people in the area into the group which can still afford to insure their homes, and those who can’t.  The people who can’t afford insurance are also most likely to be the people who can’t afford to relocate and whose uninsurable homes have lost considerable value. Even if there is some kind of government subsidy to fireproof homes or lift them onto stilts above floods, the poorer people just don’t have the money to do it, even with this help. This creates what is called a climate ghetto, a place where people are trapped while waiting for the next disaster to happen.