Tag: home insurance

Carriers are increasingly encouraging the use of connected devices that detect problems early, such as water leaks, temperature changes, smoke, and unauthorized entry.

The petition targets 28 of the nation’s largest homeowners insurance groups and asks them to strengthen fairness and transparency at a time when many homeowners face rising premiums, unexpected cancellations, and fewer coverage options.

A sweeping new survey from the Stanford Institute for Economic Policy Research (SIEPR) paints a vivid picture of Californians’ growing unease — not only about their ability to secure affordable home insurance, but also about the broader economic outlook facing the Golden State.

According to Insurify’s 2025 American Homeowner Insurance Report, home insurance rates are projected to rise significantly across the United States, with especially steep increases in states facing high climate-related risks.

Home insurance premiums are expected to see significant increases across various regions of the United States over the next three decades, with some areas facing staggering growth rates.

Home insurance costs are surging in climate-affected regions, with premiums in high-risk areas averaging 82% higher than low-risk zones, highlighting the growing financial strain on homeowners and insurers.

As wildfires continue to impact California, the state’s home insurance market faces challenges with rising claims and limited coverage options.

A groundbreaking investigation by the Senate Budget Committee, led by Senator Sheldon Whitehouse, reveals a disturbing trend: insurers are systematically abandoning homeowners in high-risk regions.

Homeowners and renters insurance costs have now exceeded both the inflation rate and the average rate increases experienced by auto insurance customers during the past year.