"Home Insurance Costs Soar, Leaving Many Unprotected"
TL;DR
Home insurance premiums are skyrocketing, particularly in coastal areas like Florida, with rates up over 40% in the past five years. This surge is forcing many homeowners to sell their properties or drop insurance altogether, yet these rising costs are barely reflected in official inflation data, contributing to a disconnect between economic indicators and consumer sentiment.
- Home Insurance Is Clobbering Consumers. Yet It's Barely Counted in Inflation. The New York Times
- Once considered a necessity, more homeowners are skipping out on insurance Greater Baton Rouge Business Report
- US Home Insurers Post Net Combined Ratio Over 110: S&P Insurance Journal
- Home insurance rates have surged nearly 40% since 2019 – but they're rising fastest in these states Fox Business
- ‘Kitty cat’ storms hitting US heartland are growing threat to home insurance The Guardian
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Read on The New York Times