"Home insurance in areas hit by repetitive disasters is going to be the number one housing affordability issue over the next 4 years.
On average, you'll pay $2,304 per year for a policy with $300,000 in dwelling coverage, according to Bankrate, a 17% increase from January 2022.
You'll pay more if you have a trampoline or a pool, for instance, both of which boost the odds of injury at your home.
You'll pay more if there is a higher likelihood that you'll make a claim to repair a home damaged by weather.
What to do to combat rising home insurance costs
Persons:
Mark Cuban, Harris, Walz, Nathan Posner, you've, Shannon Martin, Bankrate, Martin, Leslie Kasperowicz
Organizations:
Anadolu, Getty, Nebraska
Locations:
Atlanta , Georgia, United States, Florida