Reported about 14 hours ago
A Colorado couple recently shared their dilemma on Reddit about the skyrocketing cost of their homeowners insurance, which exceeded $7,200 per year, leaving them questioning whether to continue paying for coverage given their paid-off home. With Colorado facing some of the highest premiums in the country due to risks from wildfires and hail, many homeowners are grappling with increased bills. Experts warn against canceling insurance as it not only protects property but also covers liability, emphasizing the need for careful consideration of financial risks before making such decisions.
Source: YAHOO