In a significant shift that is reshaping the landscape for homeowners, many home insurance companies are raising homeowners’ deductibles from 1% to 2%. This move is prompting homeowners nationwide to reassess their policies and consider the financial implications of higher out-of-pocket expenses in the event of a claim. A Growing Trend in the Insurance Industry The trend of increasing deductibles is becoming more prevalent as insurers recalibrate their strategies to manage the rising costs associated with claims, particularly those related to natural disasters. According to John Cross, a Home Insurance…
Read MoreNavigating the New Normal: Home Insurance Deductibles Doubled
