Why Is Homeowners Insurance Getting So Expensive?
(construction-physics.com)
The recent Los Angeles fires have highlighted the rising costs of homeowners insurance in the US. Between 2020 and 2023, US homeowners insurance premiums rose 33% on average. In some places, insurers are simply cancelling policies entirely, due to a combination of rising insurance costs and state regulations that limit how much insurers can raise rates.
The recent Los Angeles fires have highlighted the rising costs of homeowners insurance in the US. Between 2020 and 2023, US homeowners insurance premiums rose 33% on average. In some places, insurers are simply cancelling policies entirely, due to a combination of rising insurance costs and state regulations that limit how much insurers can raise rates.