1 00:00:00,000 --> 00:00:01,640 Welcome back everybody to the deep dive. 2 00:00:01,640 --> 00:00:05,040 You guys sent in some really fascinating articles 3 00:00:05,040 --> 00:00:06,280 from all over the place actually. 4 00:00:06,280 --> 00:00:07,560 Yeah, it seems like everyone's talking 5 00:00:07,560 --> 00:00:08,640 about this Florida thing. 6 00:00:08,640 --> 00:00:11,400 You have the South Florida Sun Sentinel had one. 7 00:00:11,400 --> 00:00:12,980 There was one in Newsweek. 8 00:00:12,980 --> 00:00:15,840 Even some industry experts are weighing in 9 00:00:15,840 --> 00:00:17,200 on this whole thing. 10 00:00:17,200 --> 00:00:18,880 And it looks like things could get interesting 11 00:00:18,880 --> 00:00:21,120 for Florida homeowners. 12 00:00:21,120 --> 00:00:23,680 So what are we diving into today? 13 00:00:23,680 --> 00:00:25,400 Well, basically we're trying to figure out 14 00:00:25,400 --> 00:00:27,580 what phasing out asphalt shingles 15 00:00:27,580 --> 00:00:28,800 could actually mean for you 16 00:00:28,800 --> 00:00:30,840 and how it all ties into this bigger picture, 17 00:00:30,840 --> 00:00:33,400 you know, hurricanes and insurance down in Florida. 18 00:00:33,400 --> 00:00:37,400 Right, and the insurance situation in Florida is, 19 00:00:37,400 --> 00:00:38,560 well, it's pretty rough right now. 20 00:00:38,560 --> 00:00:40,240 Oh yeah, it's really something. 21 00:00:40,240 --> 00:00:41,880 Did you know that Floridians actually pay 22 00:00:41,880 --> 00:00:44,840 the highest average premiums for property insurance 23 00:00:44,840 --> 00:00:45,880 in the whole country? 24 00:00:45,880 --> 00:00:46,880 It's wild, isn't it? 25 00:00:46,880 --> 00:00:49,040 And you know, that's not just some random statistic. 26 00:00:49,040 --> 00:00:51,280 It really shows you how big this problem is. 27 00:00:51,280 --> 00:00:52,840 We're talking about climate change, 28 00:00:52,840 --> 00:00:55,360 affordability, building practices. 29 00:00:55,360 --> 00:00:57,720 All these things are kind of tangled up together down there. 30 00:00:57,720 --> 00:00:59,360 Yeah, it's not just about roofs, is it? 31 00:00:59,360 --> 00:01:00,680 So how do we even get here? 32 00:01:00,680 --> 00:01:01,960 Where do we start? 33 00:01:01,960 --> 00:01:04,120 I think the best place to start is with the basics. 34 00:01:04,120 --> 00:01:07,480 The insurance situation in Florida is, well, 35 00:01:07,480 --> 00:01:09,040 let's just say it's a mess. 36 00:01:09,040 --> 00:01:10,040 Yeah, it's pretty bad. 37 00:01:10,040 --> 00:01:11,600 You know you mentioned those high premiums, 38 00:01:11,600 --> 00:01:13,240 that's just the tip of the iceberg. 39 00:01:13,240 --> 00:01:14,080 I can imagine. 40 00:01:14,080 --> 00:01:15,880 We're seeing insurance companies pulling back 41 00:01:15,880 --> 00:01:19,960 from the market, premiums are skyrocketing like crazy, 42 00:01:19,960 --> 00:01:21,920 and citizens' property insurance, 43 00:01:21,920 --> 00:01:25,320 which is Florida's insurer of last resort, 44 00:01:25,320 --> 00:01:27,080 is having to pick up the slack. 45 00:01:27,080 --> 00:01:29,480 Yeah, and a big part of that risk 46 00:01:29,480 --> 00:01:31,360 is because of roof damage, right? 47 00:01:31,360 --> 00:01:34,000 Exactly, more frequent hurricanes, 48 00:01:34,000 --> 00:01:35,600 you know they're getting stronger too, 49 00:01:35,600 --> 00:01:37,080 and then you've got all this litigation 50 00:01:37,080 --> 00:01:40,000 in the insurance market, it just makes it so risky 51 00:01:40,000 --> 00:01:42,360 and expensive for these companies to do business there. 52 00:01:42,360 --> 00:01:44,880 Right, so they're saying see ya. 53 00:01:44,880 --> 00:01:48,560 Pretty much, and that leaves homeowner scrambling. 54 00:01:48,560 --> 00:01:52,080 So into all of this walks Florida insurance commissioner, 55 00:01:52,080 --> 00:01:55,280 Michael Jaworski, and he just drops this bomb show. 56 00:01:55,280 --> 00:01:58,040 He basically says he wants to get rid of asphalt shingles, 57 00:01:58,040 --> 00:02:00,720 write them out from the building codes, he said. 58 00:02:00,720 --> 00:02:03,000 He certainly got everyone's attention with that one. 59 00:02:03,000 --> 00:02:05,200 I mean, can he actually do that? 60 00:02:05,200 --> 00:02:08,120 Well, I mean he can't just ban them outright. 61 00:02:08,120 --> 00:02:09,160 Right. 62 00:02:09,160 --> 00:02:12,720 But he has a lot of power, you know, 63 00:02:12,720 --> 00:02:14,640 with building codes and inspections 64 00:02:14,640 --> 00:02:17,000 and all those programs like those mitigation credits, 65 00:02:17,000 --> 00:02:19,320 that give homeowners discounts 66 00:02:19,320 --> 00:02:20,960 for making their homes tougher. 67 00:02:20,960 --> 00:02:22,360 Yeah. You know, more storm resistant. 68 00:02:22,360 --> 00:02:24,880 Right, right, like those impact resistant shingles. 69 00:02:24,880 --> 00:02:25,720 Exactly, yeah. 70 00:02:25,720 --> 00:02:27,200 So he could make it very difficult 71 00:02:27,200 --> 00:02:28,840 for people to use asphalt shingles. 72 00:02:28,840 --> 00:02:29,680 Yeah. 73 00:02:29,680 --> 00:02:30,720 So why is he targeting them? 74 00:02:30,720 --> 00:02:32,840 What's the big deal with asphalt shingles? 75 00:02:32,840 --> 00:02:36,120 Well, it seems like there are a few key things going on. 76 00:02:36,120 --> 00:02:39,680 First, you know, their advertises lasting 30 years. 77 00:02:39,680 --> 00:02:42,200 Right, you see those 30 year warranties all the time. 78 00:02:42,200 --> 00:02:43,040 Right, but the thing is, 79 00:02:43,040 --> 00:02:45,920 they don't actually last that long in Florida. 80 00:02:45,920 --> 00:02:48,400 The humidity just eats them up. 81 00:02:48,400 --> 00:02:49,960 Hm, that makes sense. 82 00:02:49,960 --> 00:02:52,240 And on top of that, they're just not as strong 83 00:02:52,240 --> 00:02:55,040 as other options like metal or tile. 84 00:02:55,040 --> 00:02:56,600 When a hurricane rolls through, 85 00:02:56,600 --> 00:02:58,320 asphalt shingles are the first to go. 86 00:02:58,320 --> 00:03:00,280 Yeah, you see those pictures of neighborhoods 87 00:03:00,280 --> 00:03:02,440 after a storm and it's always those 88 00:03:02,440 --> 00:03:04,680 asphalt shingles scattered everywhere. 89 00:03:04,680 --> 00:03:07,320 Exactly, it's like a shingled wasteland. 90 00:03:07,320 --> 00:03:10,400 And that means water damage, more insurance claims, 91 00:03:10,400 --> 00:03:12,560 and higher costs for everyone. 92 00:03:12,560 --> 00:03:13,400 Makes sense. 93 00:03:13,400 --> 00:03:15,440 So what about metal and tile roofs then? 94 00:03:15,440 --> 00:03:17,280 Are they the answer? 95 00:03:17,280 --> 00:03:18,840 Well, they definitely have their advantages, 96 00:03:18,840 --> 00:03:20,400 but there's a lot to unpack there. 97 00:03:20,400 --> 00:03:21,240 Of course. 98 00:03:21,240 --> 00:03:22,360 You know, the roofing industry 99 00:03:22,360 --> 00:03:23,920 isn't just sitting back and taking this. 100 00:03:23,920 --> 00:03:24,920 They're pushing back hard. 101 00:03:24,920 --> 00:03:26,760 They're saying, hey, wait a minute, 102 00:03:26,760 --> 00:03:30,240 properly installed asphalt shingles 103 00:03:30,240 --> 00:03:32,200 can hold up just fine in a hurricane. 104 00:03:32,200 --> 00:03:33,920 So they're saying it's an installation problem, 105 00:03:33,920 --> 00:03:35,040 not a material problem. 106 00:03:35,040 --> 00:03:36,960 Right, and they have a point. 107 00:03:36,960 --> 00:03:39,240 A lot of those problems with shingles blowing off 108 00:03:39,240 --> 00:03:41,320 come down to shoddy workmanship. 109 00:03:41,320 --> 00:03:43,840 One article mentioned a contractor who was shocked 110 00:03:43,840 --> 00:03:46,080 when insurers rejected perfectly good roofs 111 00:03:46,080 --> 00:03:47,640 just because they were old. 112 00:03:47,640 --> 00:03:49,360 Really, just because of age? 113 00:03:49,360 --> 00:03:51,400 Yeah, and he was adamant that those roofs 114 00:03:51,400 --> 00:03:53,720 were still in great shape, structurally sound, 115 00:03:53,720 --> 00:03:55,560 no leaks, the whole nine yards. 116 00:03:55,560 --> 00:03:58,240 But insurance companies are just like, nope, too risky. 117 00:03:58,240 --> 00:03:59,080 Gotta go. 118 00:03:59,080 --> 00:04:01,840 Wow, that seems a little extreme. 119 00:04:01,840 --> 00:04:04,960 Right, makes you wonder if maybe the focus should be 120 00:04:04,960 --> 00:04:07,400 on better enforcement of building codes 121 00:04:07,400 --> 00:04:09,120 and making sure those shingles are installed 122 00:04:09,120 --> 00:04:10,160 right in the first place. 123 00:04:10,160 --> 00:04:12,360 Yeah, instead of just automatically blaming the material. 124 00:04:12,360 --> 00:04:14,560 So it sounds like there are two sides to this story. 125 00:04:14,560 --> 00:04:16,200 Definitely, it's not a simple issue. 126 00:04:16,200 --> 00:04:18,920 And we haven't even gotten into the cost factor yet. 127 00:04:18,920 --> 00:04:20,520 Right, because metal and tile, 128 00:04:20,520 --> 00:04:22,520 while they may be more durable, 129 00:04:22,520 --> 00:04:24,480 they're also a lot more expensive. 130 00:04:24,480 --> 00:04:26,280 Way more expensive. 131 00:04:26,280 --> 00:04:28,840 And that raises some big questions about affordability, 132 00:04:28,840 --> 00:04:30,320 especially in a state like Florida 133 00:04:30,320 --> 00:04:32,960 that's already grappling with a housing crisis. 134 00:04:32,960 --> 00:04:36,840 If you force people to use these more expensive materials, 135 00:04:36,840 --> 00:04:39,960 isn't that just gonna make housing even less affordable? 136 00:04:39,960 --> 00:04:40,800 Exactly. 137 00:04:40,800 --> 00:04:43,520 And then you have to think about the equity issue. 138 00:04:43,520 --> 00:04:44,880 Will this just make it even harder 139 00:04:44,880 --> 00:04:48,000 for lower income families to afford to live in Florida? 140 00:04:48,000 --> 00:04:50,040 It's a tough balancing act for sure. 141 00:04:50,040 --> 00:04:51,800 It's a really valid point. 142 00:04:51,800 --> 00:04:53,160 And it kind of brings us back 143 00:04:53,160 --> 00:04:55,840 to why we're doing this deep dive in the first place. 144 00:04:55,840 --> 00:04:57,720 We need to really look at this from all sides 145 00:04:57,720 --> 00:05:01,000 before we can say, you know, asphalt's bad 146 00:05:01,000 --> 00:05:04,120 or metals the future or whatever. 147 00:05:04,120 --> 00:05:04,960 Right, exactly. 148 00:05:04,960 --> 00:05:08,520 So let's dive into those pricier options, 149 00:05:08,520 --> 00:05:10,880 metal and tile. 150 00:05:10,880 --> 00:05:11,800 What are they all about? 151 00:05:11,800 --> 00:05:13,680 Are they as good as everyone's saying? 152 00:05:13,680 --> 00:05:16,320 And is it really worth shelling out all that extra cash? 153 00:05:16,320 --> 00:05:18,960 Okay, let's break them down one by one. 154 00:05:18,960 --> 00:05:22,080 First up, metal roofs. 155 00:05:22,080 --> 00:05:23,440 They seem to be getting a lot of buzz. 156 00:05:23,440 --> 00:05:24,680 Yeah, for good reason. 157 00:05:24,680 --> 00:05:26,600 They're known for being pretty tough, 158 00:05:26,600 --> 00:05:29,920 long lifespan, amazing wind resistance. 159 00:05:29,920 --> 00:05:32,840 And get this, some of them are actually pretty affordable. 160 00:05:32,840 --> 00:05:33,680 Oh really? 161 00:05:33,680 --> 00:05:35,400 I always thought metal would be way more expensive. 162 00:05:35,400 --> 00:05:38,080 Yeah, it can be, but you can find some metal roofs 163 00:05:38,080 --> 00:05:40,440 that are pretty close to asphalt shingles 164 00:05:40,440 --> 00:05:42,560 in terms of upfront cost. 165 00:05:42,560 --> 00:05:44,880 Especially when you think about how much you could save 166 00:05:44,880 --> 00:05:46,400 on your energy bills. 167 00:05:46,400 --> 00:05:49,240 Metal roofs reflect heat, so your house stays cooler. 168 00:05:49,240 --> 00:05:50,720 Oh, that's a good point. 169 00:05:50,720 --> 00:05:52,800 But aren't they kind of, well, ugly? 170 00:05:52,800 --> 00:05:55,240 I always picture that classic barn roof look. 171 00:05:55,240 --> 00:05:58,080 Yeah, aesthetics can be a bit of a sticking point 172 00:05:58,080 --> 00:06:00,240 for some people and some HOAs have rules 173 00:06:00,240 --> 00:06:01,600 about what kind of roofs you can have, 174 00:06:01,600 --> 00:06:04,200 so that could limit your options too. 175 00:06:04,200 --> 00:06:05,840 Good old HOAs. 176 00:06:05,840 --> 00:06:06,880 Always got their rules. 177 00:06:06,880 --> 00:06:09,000 Okay, so what about tile roofs? 178 00:06:09,000 --> 00:06:11,200 Those always seem like the ultimate interability, 179 00:06:11,200 --> 00:06:13,760 like something you'd see on a castle or a Roman villa. 180 00:06:13,760 --> 00:06:15,120 Yeah, you're not wrong about that. 181 00:06:15,120 --> 00:06:16,720 Tile roofs are super durable, 182 00:06:16,720 --> 00:06:19,320 especially the ones made from concrete or clay. 183 00:06:19,320 --> 00:06:21,400 They can last for ages if you take care of them. 184 00:06:21,400 --> 00:06:23,160 They're also good for fire resistance, 185 00:06:23,160 --> 00:06:25,040 which is a big plus. 186 00:06:25,040 --> 00:06:26,040 But they're expensive, right? 187 00:06:26,040 --> 00:06:28,640 Yeah, they tend to be the most expensive option up front, 188 00:06:28,640 --> 00:06:30,120 and they can be heavy too, 189 00:06:30,120 --> 00:06:31,240 so you gotta make sure your house 190 00:06:31,240 --> 00:06:33,160 can actually handle all that weight. 191 00:06:33,160 --> 00:06:34,520 That's something to consider. 192 00:06:34,520 --> 00:06:36,520 Okay, so it's definitely not as simple as saying, 193 00:06:36,520 --> 00:06:39,240 asphalt's out, metal or tile is in. 194 00:06:39,240 --> 00:06:40,920 There are definitely some trade-offs to weigh. 195 00:06:40,920 --> 00:06:43,480 Exactly, it's about finding the right balance. 196 00:06:43,480 --> 00:06:45,000 What's most important to you? 197 00:06:45,000 --> 00:06:49,080 Cost, durability, how it looks, energy efficiency, 198 00:06:49,080 --> 00:06:51,120 it all comes into play. 199 00:06:51,120 --> 00:06:52,680 And you know what, this whole roof thing 200 00:06:52,680 --> 00:06:55,080 is just one piece of a much bigger puzzle 201 00:06:55,080 --> 00:06:56,600 when we're talking about Florida 202 00:06:56,600 --> 00:06:58,480 and hurricanes and insurance. 203 00:06:58,480 --> 00:07:00,320 Right, it's like this perfect storm 204 00:07:00,320 --> 00:07:03,240 been intended of challenges down there. 205 00:07:03,240 --> 00:07:05,720 Climate change, rising sea levels, 206 00:07:05,720 --> 00:07:07,240 and all the crazy insurance problems 207 00:07:07,240 --> 00:07:08,160 we've been talking about. 208 00:07:08,160 --> 00:07:10,080 It's a whole lot to deal with. 209 00:07:10,080 --> 00:07:13,360 And we have to think bigger than just switching roof types. 210 00:07:13,360 --> 00:07:16,800 That might help a little, but it's not a magic solution. 211 00:07:16,800 --> 00:07:18,720 We need to be looking at things like 212 00:07:18,720 --> 00:07:21,720 stricter building codes, smarter land use planning, 213 00:07:21,720 --> 00:07:23,680 so we're not building in risky areas, 214 00:07:23,680 --> 00:07:26,920 and maybe even some totally new ways of doing insurance. 215 00:07:26,920 --> 00:07:28,520 One of the articles mentioned something 216 00:07:28,520 --> 00:07:30,920 called parametric insurance. 217 00:07:30,920 --> 00:07:31,920 What is that all about? 218 00:07:31,920 --> 00:07:33,000 Oh, that's an interesting one. 219 00:07:33,000 --> 00:07:35,000 Parametric insurance is kind of a different way 220 00:07:35,000 --> 00:07:35,840 of doing things. 221 00:07:35,840 --> 00:07:37,320 Instead of waiting for someone to come out 222 00:07:37,320 --> 00:07:39,360 and assess the damage after a storm, 223 00:07:39,360 --> 00:07:41,160 these policies just pay out automatically 224 00:07:41,160 --> 00:07:42,600 based on certain triggers. 225 00:07:42,600 --> 00:07:45,200 Like if the wind speed hits a certain level at your house, 226 00:07:45,200 --> 00:07:46,640 boom, you get paid. 227 00:07:46,640 --> 00:07:48,040 No questions asked. 228 00:07:48,040 --> 00:07:50,000 That sounds pretty efficient. 229 00:07:50,000 --> 00:07:52,560 No waiting around for adjusters and paperwork. 230 00:07:52,560 --> 00:07:53,600 Exactly. 231 00:07:53,600 --> 00:07:55,120 It could speed things up a lot, 232 00:07:55,120 --> 00:07:57,960 both for homeowners and insurance companies, 233 00:07:57,960 --> 00:08:00,160 but there are still some kinks to work out. 234 00:08:00,160 --> 00:08:03,080 Like how do you decide what those triggers should be? 235 00:08:03,080 --> 00:08:04,560 And what if you have a ton of damage 236 00:08:04,560 --> 00:08:07,040 that's not directly related to the trigger? 237 00:08:07,040 --> 00:08:09,240 Hmm, yeah, those are good points. 238 00:08:09,240 --> 00:08:12,080 It sounds promising, but there's still some work to be done. 239 00:08:12,080 --> 00:08:13,000 Definitely. 240 00:08:13,000 --> 00:08:15,880 But it's a good example of how we need to be thinking 241 00:08:15,880 --> 00:08:18,200 outside the box when it comes to climate change 242 00:08:18,200 --> 00:08:19,280 and insurance. 243 00:08:19,280 --> 00:08:21,800 Now, remember that bill we talked about earlier? 244 00:08:21,800 --> 00:08:24,160 The one that would basically turn citizens insurance 245 00:08:24,160 --> 00:08:25,880 into a wind-only insurer. 246 00:08:25,880 --> 00:08:28,320 Oh yeah, right, split in the coverage. 247 00:08:28,320 --> 00:08:31,440 Private insurers would handle things like fire and theft, 248 00:08:31,440 --> 00:08:34,440 and citizens would just focus on hurricane damage. 249 00:08:34,440 --> 00:08:35,720 Is that even realistic? 250 00:08:35,720 --> 00:08:37,080 It's definitely a bold idea. 251 00:08:37,080 --> 00:08:39,000 Some people love it, some people hate it. 252 00:08:39,000 --> 00:08:41,200 Those who like it say it could make things more stable. 253 00:08:41,200 --> 00:08:44,000 You know, shrink citizens risk and encourage other insurers 254 00:08:44,000 --> 00:08:46,680 to offer better rates for the non-wind stuff. 255 00:08:46,680 --> 00:08:48,640 The idea is if they know they're not 256 00:08:48,640 --> 00:08:50,640 on the hook for a mega hurricane, 257 00:08:50,640 --> 00:08:52,560 they'll be more willing to play ball. 258 00:08:52,560 --> 00:08:55,480 I can see that, but what about citizens? 259 00:08:55,480 --> 00:08:57,080 Wouldn't that put a ton of pressure on them 260 00:08:57,080 --> 00:08:58,640 if a major hurricane hits? 261 00:08:58,640 --> 00:09:00,240 That's the biggest concern for sure. 262 00:09:00,240 --> 00:09:03,280 You're talking about potentially millions of homes 263 00:09:03,280 --> 00:09:05,480 relying on them for wind coverage. 264 00:09:05,480 --> 00:09:08,280 A big hurricane could be a financial nightmare. 265 00:09:08,280 --> 00:09:10,120 And what about people in high-risk areas? 266 00:09:10,120 --> 00:09:11,960 What if they can't find affordable coverage 267 00:09:11,960 --> 00:09:15,560 for those non-wind things from the private insurers? 268 00:09:15,560 --> 00:09:16,840 Are they just out of luck? 269 00:09:16,840 --> 00:09:17,920 That's a really good point, 270 00:09:17,920 --> 00:09:20,160 and it shows you how these big changes 271 00:09:20,160 --> 00:09:22,640 can have all sorts of unintended consequences. 272 00:09:22,640 --> 00:09:24,960 We have to be really careful and think everything through 273 00:09:24,960 --> 00:09:27,240 before making these kind of big decisions. 274 00:09:27,240 --> 00:09:28,920 It seems like this whole situation 275 00:09:28,920 --> 00:09:30,120 is like walking a tightrope, 276 00:09:30,120 --> 00:09:32,440 trying to balance risk and affordability, 277 00:09:32,440 --> 00:09:34,520 and making sure everyone is protected. 278 00:09:34,520 --> 00:09:36,720 And all while the climate is changing 279 00:09:36,720 --> 00:09:39,560 and the insurance market is going crazy, it's a lot. 280 00:09:39,560 --> 00:09:40,720 You said it. 281 00:09:40,720 --> 00:09:43,240 There are no easy answers here. 282 00:09:43,240 --> 00:09:44,880 It's kind of crazy to think about, 283 00:09:44,880 --> 00:09:47,760 but this whole mess in Florida could be a preview 284 00:09:47,760 --> 00:09:50,120 of what's coming for the rest of the country. 285 00:09:50,120 --> 00:09:51,600 As climate change gets worse, 286 00:09:51,600 --> 00:09:53,880 we're gonna see more intense storms, 287 00:09:53,880 --> 00:09:56,680 higher sea levels, and all those same insurance problems 288 00:09:56,680 --> 00:09:57,840 are probably gonna start popping up 289 00:09:57,840 --> 00:09:59,440 in other coastal areas too. 290 00:09:59,440 --> 00:10:02,080 Yeah, that's not exactly a happy thought. 291 00:10:02,080 --> 00:10:04,480 So is there anything we can learn 292 00:10:04,480 --> 00:10:06,280 from what's going on in Florida? 293 00:10:06,280 --> 00:10:08,080 Are there any solutions out there 294 00:10:08,080 --> 00:10:09,960 that could help us deal with these risks? 295 00:10:09,960 --> 00:10:11,200 Oh, absolutely. 296 00:10:11,200 --> 00:10:13,160 This whole situation is pushing everyone 297 00:10:13,160 --> 00:10:14,440 to be more creative, 298 00:10:14,440 --> 00:10:16,960 with building technology and insurance models. 299 00:10:16,960 --> 00:10:18,920 I think we're gonna see some really cool solutions 300 00:10:18,920 --> 00:10:19,760 come out of this. 301 00:10:19,760 --> 00:10:23,720 Imagine if this whole debate about stronger roofs 302 00:10:23,720 --> 00:10:26,720 ends up leading to some amazing new roofing material 303 00:10:26,720 --> 00:10:28,640 that's both super tough and affordable. 304 00:10:28,640 --> 00:10:30,640 Right, that would be a total game changer, 305 00:10:30,640 --> 00:10:33,080 not just for Florida, but for the whole country really. 306 00:10:33,080 --> 00:10:34,800 Exactly, and it might not even be 307 00:10:34,800 --> 00:10:36,760 a totally new material, right? 308 00:10:36,760 --> 00:10:40,040 It could be some new way of installing shingles 309 00:10:40,040 --> 00:10:42,960 or some kind of reinforcement system, who knows? 310 00:10:42,960 --> 00:10:45,160 But I think we're gonna see some big innovations 311 00:10:45,160 --> 00:10:46,280 in the next few years. 312 00:10:46,280 --> 00:10:47,360 I like the way you're thinking. 313 00:10:47,360 --> 00:10:49,720 So it's not just about the materials themselves, right? 314 00:10:49,720 --> 00:10:50,560 Yeah. 315 00:10:50,560 --> 00:10:51,640 Like we could see some big changes 316 00:10:51,640 --> 00:10:52,880 in how insurance works too. 317 00:10:52,880 --> 00:10:54,000 Oh yeah, for sure. 318 00:10:54,000 --> 00:10:56,800 Remember we talked about parametric insurance earlier? 319 00:10:56,800 --> 00:10:58,120 That could become a lot more common, 320 00:10:58,120 --> 00:11:00,400 especially for these climate related risks. 321 00:11:00,400 --> 00:11:01,640 Right, so instead of waiting around 322 00:11:01,640 --> 00:11:03,400 for an adjuster to show up, 323 00:11:03,400 --> 00:11:04,680 you just get paid automatically 324 00:11:04,680 --> 00:11:06,200 if the wind speed hits a certain level. 325 00:11:06,200 --> 00:11:08,400 Exactly, it could really make a difference 326 00:11:08,400 --> 00:11:10,840 for people who need to get back on their feet quickly 327 00:11:10,840 --> 00:11:12,120 after a disaster. 328 00:11:12,120 --> 00:11:14,360 Well, this has been a wild ride. 329 00:11:14,360 --> 00:11:18,320 I had no idea that something as basic as roofing 330 00:11:18,320 --> 00:11:20,040 could lead to such a big discussion 331 00:11:20,040 --> 00:11:24,080 about climate change, insurance, affordability, 332 00:11:24,080 --> 00:11:25,960 even social justice. 333 00:11:25,960 --> 00:11:27,600 It's pretty mind blowing when you think about it. 334 00:11:27,600 --> 00:11:29,760 Yeah, it really shows you how everything's connected, right? 335 00:11:29,760 --> 00:11:31,480 Like even the roof over our heads 336 00:11:31,480 --> 00:11:33,800 is tied to all these bigger issues. 337 00:11:33,800 --> 00:11:35,600 I definitely have a much better understanding 338 00:11:35,600 --> 00:11:37,400 of what's happening down in Florida 339 00:11:37,400 --> 00:11:39,600 and just how complicated this whole thing is. 340 00:11:39,600 --> 00:11:41,160 Well, that's what we're here for, right? 341 00:11:41,160 --> 00:11:43,000 To dive deep and really try to understand 342 00:11:43,000 --> 00:11:44,720 the nuances of these issues. 343 00:11:44,720 --> 00:11:47,600 Exactly, and I think you've done a fantastic job 344 00:11:47,600 --> 00:11:49,480 of breaking it all down for us. 345 00:11:49,480 --> 00:11:51,240 Thanks so much for joining us on the deep dive. 346 00:11:51,240 --> 00:11:53,800 I know our listeners are gonna appreciate all these insights. 347 00:11:53,800 --> 00:11:55,080 It's been my pleasure. 348 00:11:55,080 --> 00:11:56,800 Always happy to talk about this stuff. 349 00:11:56,800 --> 00:11:58,360 And for everyone listening out there, 350 00:11:58,360 --> 00:12:01,160 we hope you'll keep exploring these important topics. 351 00:12:01,160 --> 00:12:06,160 Until next time, keep diving deep.