Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions.

This week’s episode continues our nerdy deep dive into how climate change will affect your money.

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Our take

Few people enjoy thinking about home and renters insurance — it’s admittedly not the most riveting subject. But climate change has upended the calculus involved with protecting our home and belongings from natural disasters, and many homeowners and renters are discovering this only after it’s too late. Homeowners in areas at risk for wildfire and hurricanes are finding it harder to insure their homes, while others have learned the hard way that their home and renters insurance does not cover damage from flooding.

In the second episode of our nerdy deep dive into the intersections of personal finance and climate change, NerdWallet insurance editor Caitlin Constantine talks with Nerd Holden Lewis, who covers all things housing and mortgages. They explore the impact climate change is having on home insurance markets around the United States and what that means for prospective and current homeowners. They also discuss the risks of being underinsured and how to make sure you have enough insurance to cover your home and belongings, as well as why you should consider flood insurance even if you don’t think you need it.

Caitlin also speaks with Matthew Eby, founder and CEO of First Street Foundation, a nonprofit research and technology company that has developed a tool to help homeowners better understand climate-related risks like flooding, wildfire and extreme heat. They dig into some common misconceptions about flooding risk and flood zones, as well as some strategies that homeowners can use to better assess their risk and to protect their homes from potential disaster.

Have a money question? Text or call us at 901-730-6373. Or you can email us at podcast@nerdwallet.com. To hear previous episodes, go to the podcast homepage.

The article Smart Money: The Cost of Climate Change: Protect Your Home originally appeared on NerdWallet.