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Money Rehab with Nicole Lapin

The Home Insurance Crisis That Could Crash the Housing Market with Chloe Demrovsky

Money Rehab with Nicole Lapin

Money News Network

Self-improvement, Business, Education

4.61.7K Ratings

🗓️ 24 June 2026

⏱️ 53 minutes

🧾️ Download transcript

Summary

Nicole used to think insurance was a boring subject.... until she lost her home in the Palisades fire. Today, she is teaming up with the ⁠Coalition for an Insurable Future⁠ to tell you about what you need to know about the insurance issue that could become the next great American financial crisis, and how to protect yourself. In this episode, Nicole sits down with Chloe Demrovsky, one of the nation's leading voices on disaster risk and resilience. Nicole and Chloe break down the numbers: homeowners insurance premiums are up 74% since 2008, 40% faster than inflation, and 95% of American homeowners are already feeling it. Then they get tactical: what "uninsurable" actually means, the coverage gaps that catch most people off guard (spoiler: flood is not in your standard homeowners policy), and the exact steps to take before a disaster strikes. Learn more about ⁠the Coalition for an Insurable Future⁠ and ⁠follow⁠ their work.  Learn more about ⁠Chloe Demrovsky⁠ and ⁠follow⁠ her work. #CoalitionForAnInsurableFuturePartner

Transcript

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0:00.0

Pop quiz. Are you the kind of investor who likes to pick their stocks and ETFs? Or are you all about

0:05.3

that robo-advisor life? There's not only one right way to invest, so you shouldn't have to choose.

0:11.5

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0:16.0

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0:21.9

so they can reach all their ambitions. I have been super impressed by SOFi for years now,

0:27.5

and honestly, I have the receipts. I had their CEO Anthony Anoto on the podcast three years ago

0:32.1

just because I'm a genuine fan. I love the investing capability. On SOFi, you can trade stocks and ETFs, invest in

0:39.6

IPOs at IPO prices with SOFI securities, or try robo investing offered through SOFI wealth, all in

0:46.0

the SOFI app. And I can attest to this. They really care about members, from all the educational

0:52.0

resources in the app and in their newsletter to the exclusive

0:55.7

access their members get to premium events. Hello, SoFi Stadium. SoFi really puts their money

1:01.6

where their mouth is when it comes to their members. Check them out today at sophy.com slash

1:06.1

MNN as in Money News Network. And you could get up to $1,000 in stock when you open and fund a new active Sofi invest account. This is a paid advertisement by Sophy Technologies and is not intended to be financial advice or an investment recommendation. Investing involves risk, including total loss, and is not guaranteed. Active investing via Sofi Securities LLC, member, Vinres Civic. Advisory Services via Sofi SoFi Wealth LLC an SEC registered investment advisor

1:28.6

probability of member receiving $1,000 is 0.026%. If you don't make a selection in 45 days,

1:33.9

you'll no longer qualify for the promo. Customer must fund their account with a minimum of $50

1:37.2

to qualify. Probability percentage is subject to decrease. I'm Nicole Lapton, the only financial

1:43.9

expert you don't need a dictionary to understand.

1:47.1

It's time for some money.

1:52.4

I used to find talking about home insurance policies to be so, so boring. Like zero out of 10

2:03.8

did not want to do it. But now I find it to be one of the most important personal finance stories

2:09.3

in the country and most people don't realize it yet. I learned this firsthand when I lost my home

2:14.4

in the Palisades fire. Now, I have been through a lot of trauma in my life, but losing my home was maybe the hardest thing I have ever gone through. So I sincerely hope that you never have to go through anything like that. But if you do, I want to make sure that you're prepared. So for this episode, I'm teaming up with the Coalition for an Insurable Future to tell you about what you need to know about this looming crisis and how to

...

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