2024-06-26 02:15:00 ET
Summary
- Homeowners' insurance costs have risen markedly, with few choices in some markets.
- Insurance costs will probably decline a small amount in the coming year, but the longer trend depends on uncertain factors.
- The long-term trend of homeowner insurance costs depends on the extent to which ongoing climate change is increasing actual losses.
Annual cost of large weather/climate disasters, inflation adjusted. ( DR. BILL CONERLY BASED ON DATA FROM NOAA.)
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Homeowner Insurance Costs Will Come Down Just A Little