A new study reveals an anxious factor to increase the costs of homeowners: “The possibility of chaos”

Home insurance costs have increased in recent years, as insurance premiums have increased by 24 % between 2021 and 2024.

While the costs of inflation and high reconstruction costs are major contribution factors, Central I mentioned that the Consumers Union in America has revealed another more important factor: the harsh weather.

What is happening?

the a reportEntitled “Overbhowing: The dramatic increase in homeowners insurance premiums and their effects on American homeowners,” she looked at the price of the insurance company price for three years. All kinds of eye numbers are found related to the costs of securing the growing homeowners.

According to the report, installments increased in 95 % of the American postal symbols between 2021 and 2024. The states that saw the percentage of the percentage were Utah (59 %), Illinois (50 %), and Arizona (48 %). This increase costs the homes of one family at an additional $ 21 billion over a period of three years.

The report cites the changing environment as one of the most important factors in these high numbers.

“Because of climate change, the nation has witnessed stronger and more frequent natural disasters, including the largest and most powerful hurricanes, a longer and more destructive season, heavy rainy storms, hurricanes, post, and other extremist events.” “These disasters not only increase costs, but also lead to increased losses, which increases installments as insurance companies try to predict better future events.”

Why is this report important?

While the economic factors involved in these distinguished increases can be resolved with the continuation of the economy, the harsh weather will continue indefinitely. It is expected to become more extreme as warmth continues. Meanwhile, many are already expecting an imminent crisis.

Diane Brown, CEO of Arizona, Diane Brown, said in RRR, “

This report is important, because it recognizes a huge issue that cannot be defended in the high insurance premiums with also reference to the broader issue: Unexplained insurance is another way that our changing climate can destroy.

What is done about the height of insurance premiums?

Harsh weather cannot be stopped, but owners can better protect their homes. Things such as double -parts or fire -resistant roofing help prevent home disasters while removing insurance companies from the equation in many cases.

This concept is essentially what America’s Consumer Federation report offers as a potential solution to height installments. The report calls for an increase in investment at the federal levels in the United States in disaster housing. He also calls for insurance companies to be required to reward investments in the prevention of losing in fewer installments.

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