The cost of home insurance is soaring, far exceeding the rate of inflation. As a result, millions of homeowners are cutting back on coverage or going without it, putting their finances at risk. The ...
Insurance companies operating in Texas closed almost half the claims filed by homeowners last year without paying anything, part of a rising trend that is shifting more costs onto property owners, ...
A Reddit user’s homeowners insurance jumped from $2,155 to $3,088 in one year. That’s a 43% increase, despite no claims. This ...
Insurance.com reports that home insurance rates are rising due to climate change, inflation, and legal challenges, causing homeowner frustration.
When Hurricane Ida hit New Jersey in 2021, Maureen Black’s sump pump failed and her basement filled with water. She immediately called her insurer, expecting to use her $5,000 coverage for sump pump ...
With a background in journalism and counseling, Penny Min blends analytical research with real-world insight to help readers make informed financial decisions. At Forbes Marketplace, she specializes ...
Climate change & rising extreme weather are driving up home insurance premiums as inflation, higher risk & limited coverage ...