10 min listen
1358 - Home Insurance Premiums Are Set to Hit a Record This Year—When Will Prices Fall? By Anna Cottrell
1358 - Home Insurance Premiums Are Set to Hit a Record This Year—When Will Prices Fall? By Anna Cottrell
ratings:
Length:
14 minutes
Released:
Jul 3, 2024
Format:
Podcast episode
Description
Insurance premiums are skyrocketing across the U.S., with no end in sight to annual increases that may just make you rethink investing in real estate in several parts of the country. At the very least, anyone investing in 2024 needs to be aware of the states where insurance premiums are rising the fastest—and factor these changes into their costs.
According to a recent report by the insurance comparison platform Insurify, home insurance premiums are set to rise by 6% in 2024 after already jumping by 20% over the past two years. And that’s just the average. Many states will see double-digit premium increases this year thanks to a perfect storm (excuse the pun) of factors, most notably extreme weather events and high home repair costs.
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According to a recent report by the insurance comparison platform Insurify, home insurance premiums are set to rise by 6% in 2024 after already jumping by 20% over the past two years. And that’s just the average. Many states will see double-digit premium increases this year thanks to a perfect storm (excuse the pun) of factors, most notably extreme weather events and high home repair costs.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Jul 3, 2024
Format:
Podcast episode
Titles in the series (100)
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