A new Insurify report has predicted falling values, rising premiums and upside-down mortgages. As home market volatility continues to stomp its way through this year, homeowners’ insurance rates will be rising even as the home values themselves drop, said a recent Insurify report called the 2023 Insuring the American Homeowner report. The price paid for individual policies is continuing to climb and policyholders should expect to pay more. “The cost of individual policies is rising. Homeowners may notice an increase of hundreds of dollars for one year to the next,”…
Read MoreAs home values fall, homeowners’ insurance rates will keep rising in 2023
