Reported 8 months ago
As homeowner's insurance prices in the US continue to rise, more Americans are reconsidering its worth, with some opting to go without coverage. Factors such as substantial price hikes, difficulties in finding affordable options, and the impact of climate change contribute to this trend. However, experts caution against forgoing insurance due to the financial risks involved, particularly for those in disaster-prone areas. The situation is especially challenging for low-income and minority homeowners, with many facing obstacles in affording and obtaining essential coverage.
Source: YAHOO