Millions of Americans have been watching with growing alarm as their homeowners insurance premiums rise and their coverage shrinks. Nationwide, premiums rose 34% between 2017 and 2023, and they continued to rise in 2024 across much of the country.
To add insult to injury, those rates go even higher if you make a claim – as much as 25% if you claim a total loss of your home.
Why is this happening?
