Not everyone thinks that insurance is necessary, but everyone know how important it is to prepare for the future. This is quite a confusing statement considering that insurance is one of the best ways to secure your family's future.

And though not everyone recognizes it, insurance premium goes up not only because of personal conditions but also because of environmental reasons. Insurance companies are now giving off a warning on their customers -- insurance premiums might go up when climate change gets worse. They blamed global warming for such an increase, considering the loses that could amount to $24 billion dollars due to the California wildfire.

Munich Re's chief climatologist, Ernst Raunch expressed that the increase in the cost of insurance will be widely felt. The premium increases are already on the roll and clients that have valuable asset concentration in vulnerable parts of the US are being informed of the changes.

"If the risk for flooding, wildfire, or storms continue to increase as the environment gets a significant impact of global warming, the most sustainable option is to increase insurance premium to keep the coverage at the right price," He said after Munich Re made public the report on the impact of climate change in the wildfire. "Affordability of insurance has always been so critical considering that many middle class households wish to have insurance, but it is something they could not afford."

California has had the most share in the worst wildfires recorded in the world since the 1930s. It only got worse under the condition when the state experiences abnormally high summer temperatures. The exceptional dryness during the months of May and October seem to be caused by global warming too.

Luckily, the wetter and more humid weather conditions during the winter time have allowed growth and rebirth of vegetation in forests. It has spurred up fast growth of fauna on that side of the mountain. However, such type of weather also makes plants tinder dry making it easier for them to survive the consistent climate change.

The researchers have compared the data that spans over several decades and turned climate models out of it. The report, however, concluded with a number of people killed during a huge storm. The eighty-five people were broadly affected by the consistency of the change in climate and other weather conditions.

The increase in insurance premiums due to climate conditions should come as no surprise. It only shows that the great change that people have put on the environment is going back to them ten folds. Sadly, such an increase might be uncontrollable, but insurance remains to be something worth putting your money in. Not only does it serve as an investment, but it is the security that makes it all worth it.