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Surge in home insurance costs adding more inflation pressure on Americans

Surging home insurance premiums are the latest obstacle to homeownership for millions of Americans, who are already grappling with steep mortgage rates. read more

State leaders address home insurance costs and say market could stabilize soon

Kassy Brewer said she and her husband bought their dream home in Tampa Bay 11 years ago ... According to Yaworski, the average cost of insurance in Florida is $3,400 a year, and while rates are ... read more

Millions of homeowners don't have homeowners insurance due to high costs

An estimated 7.4% of all homeowners are uninsured throughout the country, leaving $1.6 trillion in assets unprotected, the report found. The high cost of homeowners insurance is causing homeowners to ... read more

Texas has some of the highest homeowners insurance rates in the country; here's why

The Texas housing market is hot. With four of the state's metro areas featured on U.S. News & World Report's top 10, there is no denying that Americans are flocking to Texas.  However, it ... read more

Insurance rates stabilizing thanks to legal reforms, officials say. But homeowners still feeling pain.

Several top Florida insurance regulators say that legal reforms enacted in 2022 and 2023 have Florida’s insurance market poised for a comeback. Homeowners, however, say they’re still ... read more

Why Are Home and Car Insurance Costs Skyrocketing in 2024?

Car and home insurance costs are up more than 22% year-over-year as a hidden driver of inflation. Why are insurance premiums rising?More From InvestorPlace The #1 AI Investment Might Be This Company ... read more

A hidden cost of homeownership is mounting — and approaching crisis levels

About 72% of U.S. homeowners said their policy has increased over the past year, according to one of several insurance-related surveys conducted by Redfin Corp. read more

Homeowners insurance costs are going up in Minnesota and agents say severe weather is to blame

Insurance agents say Minnesota has seen more hail storms in recent years and insurance companies are making adjustments to recoup costs. read more

'It's going to take time': Florida leaders continue to urge patience amid crushing home insurance costs

Patience is the word state officials are telling many Florida policyholders to have when it comes to insurance. read more

Climate change is contributing to skyrocketing home insurance costs, experts say

Hurricanes, flash floods, tornadoes, and wildfires, weather patterns are drastically changing across the country. Last year there were 28 weather and climate disasters reported, with each topping $1 ... read more

70% of Florida homeowners see rise in insurance costs or changes in coverage: Report

According to a new report from online realtor Redfin, nearly three-quarters (70.3%) of Florida homeowners say they or the area they live in have been affected by rising home insurance costs or changes ... read more

Rising insurance costs push aspiring condo buyers into a tough spot

Housing affordability is getting squeezed by a new pressure — the cost of insurance. Pacific Business News editor-in-chief A. Kam Napier has more. read more