Sure, insurance helps those who get their claims paid.
But the rest of us benefit too.
If insured, your neighbors clean up their damaged properties faster. Fewer buildings are abandoned. And your middle-class neighborhood (and home value) is less likely to take an economic dive.
Another climate-proofing effect of insurance: premium discounts encourage homeowners to take hazard-mitigation steps before a disaster.
If you live in a high-risk area, chances are only about half of your neighbors are insured. Help climate-proof your own property by finding ways to push them to get covered.