Reported 1 day ago
Home insurance prices are significantly increasing, particularly in storm-prone areas like Collin County, Texas, where hailstorms have caused billions in damages. The rise in premiums and stricter policy conditions, including higher deductibles and reduced coverage, result from a combination of climate change, inflation, and the ongoing trend of building in high-risk areas. Insurers are becoming more selective, leading to a challenging landscape for homeowners as market losses continue to soar.
Source: YAHOO