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Kiplinger
Kiplinger
Business
Karl Susman, CPCU, LUTCF, CIC, CSFP, CFS, CPIA, AAI-M, PLCS

Why Homeowners Insurance Has Gotten So Very Expensive

Hundred-dollar bills folded in the shape of a house.

You may have noticed a trend that is making it more difficult and more expensive to insure your home. So what is up with homeowners insurance? Why is it getting so difficult to buy, and why is the price going up, up, up and away?

Homeowners insurance — or property insurance, as those of us in the industry also refer to insurance that encompasses homeowners insurance, condominium owners’ policies, landlords’ policies and renters’ policies — is seeing a titanic shift that we are all feeling.

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