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cbsnews.com_5 / CBS News U.S. by Layer3.news
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2024-09-20 01:38:45
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Summary of Map shows average home insurance price in your state as risks rise

Summary of Map shows average home insurance price in your state as risks rise
Map shows average home insurance price in your state as risks rise


Home insurance premiums have at times risen 40% faster than inflation. Extreme weather events are likely to make the expense worse.

https://www.cbsnews.com/news/maps-home-insurance-costs-state-extreme-weather-risks/


Hurricane Francine, flooding in the Carolinas, and wildfires in California have severely impacted millions in the U.S. Extreme weather is driving up home insurance costs, making homes in high-risk areas unaffordable to insure. From rising premiums to limited coverage, climate change is exacerbating insurance challenges nationwide. With risks like floods, storms, and wildfires on the rise, the location of a home plays a critical role in determining insurance costs. Implementing resilient home features, obeying stricter building regulations, and investing in natural infrastructure are ways to mitigate future insurance expenses.
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