80% of landlords in a recent ResiClub-Groundfloor Housing Investor Survey expressed concern about future increases in home insurance premiums. Among them, 37% are very concerned. These rising premiums are not limited to coastal states; even homeowners in Indiana and Iowa saw their average home insurance rates rise by 12.2% and 13.5%, respectively, in 2023. The surge is attributed to factors like climate risk and housing and construction inflation, which have driven up replacement and repair costs for insurers.
80% of U.S. housing investors are concerned about future home insurance premium hikes
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