homeowners insurance

1. Higher Frequency = Higher Risk Models Natural disasters are happening more often and causing bigger losses: Wildfires Hurricanes Flooding Severe storms Extreme heat & drought Insurance companies base premiums on expected future losses, not past averages.  When disasters increase, insurers assume more claims will happen, so: Premiums rise Coverage tightens Some areas become harder […]

As homeowners navigate through 2024, an unsettling trend has emerged in homeowners insurance: an increasing number of policy nonrenewals. Homeowners across the country are finding themselves at a crossroads, facing uncertainty about the future of their coverage.  Why Coverage May Not Be Renewed Understanding the reasons behind this trend and taking proactive steps can help […]