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Insurance Cost Surges Have Bigger Impact on Affordable Housing

Source: Insurance Information Institute, October 2024 Affordable Housing Providers Have Bigger Struggle Absorbing Insurance Cost Surges Affordable housing providers are struggling more than market-rate multifamily property owners with property insurance cost surges. With ​​nearly half of all homes in the United States at risk of...

‘Everything has gone up’: Retirees feel burdened by inflation as home insurance cost surge – Insurance News

Thomas Simonetti // The Washington Post via Getty Images Despite their reputation as a financially privileged generation, millions of baby boomers are slipping through significant cracks in the U.S. retirement system. A new source of financial strain on retiree budgets is homeowners insurance premiums,...

Rent Prices Are Down Again and Expected to Fall in 2025, So Is It Smarter to Rent or Buy?

Key Takeaways The median rent pice for 0-2 bedroom apartments have fallen for 15 months in a row and are now down $40 from their August 2022 peak, according to a new report. The average 30-year mortgage rate has increased over the last few months,...

Why half of 2023 claims closed without payment

The state's largest insurer defends its record of closing claims without payment at first meeting since hurricanes' one-two punchIn the first meetings of officials from the state’s largest insurer' since back-to-back hurricanes raked Florida, Citizens Property Insurance Corp. acknowledged data showing half of...

Fire department preparing for audit that can affect home insurance rates – St. Joseph News-Press

St. Joseph Fire Department officials are pre-emptively preparing for an audit to ensure its systems are running smoothly and home insurance ... Source link