Reported about 21 hours ago
A recent study by the U.S. Treasury Department reveals that homeowners in regions most vulnerable to climate-related disasters, such as hurricanes and wildfires, pay significantly higher insurance premiums, averaging $2,321 annually—82% more than those in low-risk areas. The study highlights a broader increase in insurance costs nationwide due to the impact of climate change and rising construction expenses. As extreme weather events become more common, homeowners in high-risk areas are also at a greater risk of losing their insurance coverage.
Source: YAHOO