HOMEOWNERS INSURANCE COSTS JUST HIT A NEW HIGH. IT’S SCARING OFF SOME BUYERS.
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✍️ Homeowners insurance premiums have reached record highs, with the average single-family homeowner paying almost $2,370 a year, up 70% in the last 5.5 years. This is causing concern for homebuyers, especially in disaster-prone states like Florida, Texas, and California.
👉 Homeowners insurance premiums have reached record highs, with the average single-family homeowner paying almost $2,370 a year. 👉 Premiums have increased by 70% in the last 5.5 years. 👉 The average homeowner in Miami pays $502 a month for property insurance, the highest anywhere in the country. 👉 75% of recent and prospective homebuyers surveyed by Realtor.com are concerned they may be unable to afford insurance in the future. 👉 Insurance premiums are rising the fastest in cities in California, as well as parts of North and South Carolina that experienced severe flooding last year. 👉 Homeowners are being forced to consider higher deductibles, shopping around for new insurers, and bundling policies to keep costs down.
-- #JohnPowell #MosesGarcia #LauraRichards #Kayla-RaeCampbell #ClaireBoston #Florida #Texas #California #Louisiana #NewOrleans #Minneapolis #DesMoines #Iowa #Okeechobee #Nashville #Riverside #LosAngeles #InlandEmpire #SanGabrielValley #world
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