After having had a home flood and another burn, and being refused a claim in each case (the flood was caused by a river, and so isn’t covered, and the fire was a wildfire, and also isn’t covered - only fires starting in the property are covered - same for our truck that was incinerated), I no longer bother with home or vehicle insurance - if they don’t pay out, there’s no point in having it. Come to think of it the only insurance claim I ever had pay out was when I deliberately set out to defraud an insurer. Never have they paid out in a situation where it would have been helpful.

I would wager others will follow the same way, once they realise their policies are just a tax that they get no benefit from, and then insurers will have to come up with some new racket to defraud marks.