Home insurance rates are consuming more of Americans’ incomes

Insurance rates - Eating money

Auto premiums are also eating into a larger portion of the typical US budget as well. Millions of Americans have been shopping around for better auto and home insurance rates as these monthly expenses continue to consume a larger portion of their budgets in an increasingly expensive world. The challenge is to find the coverage they need without having to sacrifice protection from their policies. Though inflation appears to be slowing down in a number of important categories, providing welcome ease to the rising strain on families doing everything they…

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Florida home insurance rate hikes lead to protest at 55+ community

Home insurance - People Protesting

The demonstration broke out in response to skyrocketing premiums making their properties unaffordable. Hundreds of homeowners recently held a protest at their Florida 55+ living community called Century Village in response to the latest increase to their monthly home insurance fees. According to the seniors living in the community, many are being forced to sell because of this added cost. The Pembroke Pines, Florida community has been watching their monthly housing fees steadily climb due to the exploding home insurance costs as the state fights a crisis in its property…

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Connecticut flood insurance rates rise, and fewer homes are covered

Flood insurance - Welcome to Connecticut Sign

Though the last 12 months have been essentially free of flooding, there have been several near misses. Even though there have been only 18 Connecticut flood insurance claims filed in the last 12 months ending at the close of June, the rates in the state will still be rising. The rates are causing many state residents to take the risk without coverage for their properties. There have been several recent reminders that storms are fierce and quite close – Hurricane Fiona washed full structures away in Nova Scotia and other…

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