homeowners Archives - ProgramBusiness | Where insurance industry clicks

HOA Fees Exceed $6,000 Annually for Millions of U.S. Homeowners

Cherry Blossom trees in a New York City street

According to a LendingTree report, one in three homeowners across the 100 largest metropolitan areas pay HOA or condo fees.

57% of Homeowners Make Financial Sacrifices to Afford Coverage, Insurify Finds

Worried man checking bills and looking at financial analysis of expenses at home.

The report, based on a survey of more than 1,000 homeowners, found that 57% have made financial sacrifices to afford their premiums.

NAIC Launches Nationwide Homeowners Data Call as Market Pressures Intensify

Golden Hour Residential Solar Panels - Modern Middle Class Neighborhood - Dense Population

Regulators described the effort as the most comprehensive collection of homeowners insurance policy data undertaken to date.

Gold Prices Soar, Prompting Homeowners To Recheck Jewelry Coverage

Purchase and trade-in of second-hand precious metals and gold

A recent CNBC article reports that jewelry owners may want to review their homeowners insurance limits and consider whether additional protection is needed, especially for higher-value pieces.

Homeowners Step Back From Coverage as Premiums Climb

Happy family, portrait and real estate with keys in property, investment or new home together. Mother, father and child smile in relocation, buying or mortgage loan in building, finance or investing

This shift has led to a growing number of self-insured or non-insured homeowners in multiple regions.

Where Homeowners Are Heading as Insurance Costs Soar

Architecture of the French Quarter in New Orleans, Louisiana.

Rising homeowners insurance premiums are making it harder for people to stay in disaster-prone areas, and new research shows this is influencing migration patterns across the United States.

1 in 7 U.S. Homes Are Uninsured, New LendingTree Study Reveals

Top down aerial shot of suburban tract housing near Santa Clarita, California. A maze of roads and dead end streets of large single family homes, some with swimming pool.

Millions of American homeowners are living without a safety net. According to a new study by LendingTree, nearly 1 in 7 owner-occupied homes across the United States — an estimated 11.3 million properties — are uninsured.

Utah Bill Seeks to Reduce High Home Insurance Costs by Redefining Wildfire Risk Zones

American suburban house

Utah’s proposed HB 48 aims to redefine wildfire risk zones with state-specific mapping, offering homeowners a chance for fairer insurance rates and improved wildfire safety measures.

Few Have Flood Insurance to Help Recover from Devastating Midwest Storms

Flood Insurance gap in Midwest

As the Midwest begins to recover, many won’t have flood insurance, which must be purchased separately from homeowners insurance.

U.S. Insurance Personal Auto Recovering, Homeowners’ Volatility Continues

Personal Lines Outlook from Fitch Ratings

The U.S. personal insurance sector is positioned for improving underwriting performance in 2024 amid signs that the previous surge in claims severity from higher inflation and supply chain shortages has subsided, combined with rapid written premium growth from large rate increases, Fitch Ratings says.