4 Reasons Home Insurance Rates Have Climbed

4 Reasons Home Insurance Rates Have Climbed

Have you noticed your home insurance premiums climbing over the past few years? Here are some reasons why.

Natural disasters

As weather and climate-related events become more common, carriers are struggling to deal with the influx of claims.

Worker shortages

In many parts of the country, skilled construction workers are in short supply, making repairs more expensive.

Supply chain issues

Ongoing disruptions, as well as general inflation, have increased the cost of many building materials.

Insurance fraud

Fraud is a growing problem, and those costs are passed onto policyholders through increased rates.

Tired of paying higher premiums?

Check out our blog for 6 strategies to cut home insurance costs

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