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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

FromBiggerPockets Daily


1358 - Home Insurance Premiums Are Set to Hit a Record This Year—When Will Prices Fall? By Anna Cottrell

FromBiggerPockets Daily

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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Released:
Jul 3, 2024
Format:
Podcast episode

Titles in the series (100)

BiggerPockets Daily takes the real estate investing wisdom contained in tens of thousands of BiggerPockets Blog articles and converts it into a convenient daily audio experience... because you can't have your face in a screen while you're out there living your busy life. Rental properties, house flipping, wholesaling... it's all here. And unlike other daily podcasts, the information is timeless – so you can learn on your timeline. Skip episodes, take a break, then binge and catch up. Or just make us a part of your daily routine!