Personal Finance and Investing

The insurers used to accept risk and pay homeowners for damage. It doesn't seem like insurance companies want to accept risk and they don't want to pay out. So what good is paying a premium that goes up every year and the company covers less and less?

My house is out of the flood zone. It has gone through all but 2 storms undamaged. First storm, no damage, second storm, the wind damaged trees in our yard, which caused fence damage and broke a window. It has been a fairly safe spot. We've kept up with keeping it sound. The roof I replaced was 15 years old. Was supposed to last 40, but the shingles were a new kind that year and they were bad bad quality, so bad that there is a class action lawsuit against Corning (I think)