The thesis is you trade up. This isn’t about an extra thunderstorm or two, big storms are expensive and disruptive. More tropical storms become hurricanes. Category 1 hurricanes hit 2 etc, and what would have been a 5 hits harder and stays a 5 for longer.
It’s about more frequent forced evacuations, overtopped levies, and massive cleanup etc. Rising sea levels aren’t just larger high tides their also larger tsunami. Beyond that you just get more extreme events like heat waves in the Arctic, longer drought mixed with extra flooding, more hail, mudslides, bigger blizzards etc.
We’re looking at 100’s of billions in damages per year not simply adding a few AC to community centers. Though you’re also likely to have higher cooling bills.