All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
David Friedberg
So your price for insurance on that million dollar home should be about 10,000 bucks a year, one 10th of 1%. So 10,000 bucks a year for a million dollar home sounds expensive, but it is what you have to pay for homeowners insurance. But now let's say that the probability shifts to one in 20 years. So now you've got a one in 20 year probability of your home getting wiped out.
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