Average cost of insurance coverage is falling Homeowners insurance in the U.S. may be on its way to becoming more affordable, according to data from HomeInsurance.com’s RateReport. Over the past few years, homeowners coverage in the U.S. has been considered a problematic issue because of its costly nature. Those located in coastal communities tend to pay more for their coverage due to their exposure to natural disasters. Recent climatic events, such as the so called Polar Vortex, have also had some impact on the insurance market, but that impact may…
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Report shows homeowner’s insurance rates growing nationwide
RateReport study documents growths of rates in 2011 Homeinsurance.com, a leading online source for home insurance policies, has released information concerning the state of homeowner’s insurance premiums throughout the U.S. Homeowner’s insurance continues to be an issue that attracts a great deal of attention because of the fluctuations in the housing market and the frequency of natural disasters that have been occurring in the country. The company has released the latest edition of its RateReport study, which investigates approximately 15,000 policies throughout the country sold by companies such as Travelers,…
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