Temperature increases, more frequent heatwaves, more storms, and less rainfall are all possible outcomes of climate change. But at most coastal locations, sea level rise and greater storm surges are also potential consequences and adaptation will be necessary.
Insurance premiums will now be calculated using this new rating and will consider variables such as the type of flood, flood frequency, distance from water, and property features. The cost to replace your house in the event of a flood is now a major determining factor for calculating your monthly insurance premium.
The rising and falling of the tides have never really been an issue in the past. We have seen flooding but nothing on a catastrophic scale. However, the next half of the Moon’s cycle is set to start around mid-2030. This is the high tide cycle and mixed with our current climate change pace, we will be facing severe flooding issues in coastal towns.