Changes in the insurance market have started to affect home prices in the most disaster-prone areas, new research finds, pushing some homeowners’ finances to the breaking point.
It’s really hurting us in Colorado. We’ve had a huge increase in hail the past few years which has caused our insurance premiums to skyrocket across the state for home and auto both.
We paid extra out of our own pocket to upgrade to hail resistant shingles in our last claim, so now insurance will replace like for like if it happens again, and hopefully also reduces the risk of damage and the need for a claim. Doesn’t impact the premium though, lol.
It’s really hurting us in Colorado. We’ve had a huge increase in hail the past few years which has caused our insurance premiums to skyrocket across the state for home and auto both.
We paid extra out of our own pocket to upgrade to hail resistant shingles in our last claim, so now insurance will replace like for like if it happens again, and hopefully also reduces the risk of damage and the need for a claim. Doesn’t impact the premium though, lol.