Affording a home is one thing. Affording to keep it running is another. The average homeowner spends $21,084 per year on non-mortgage expenses, including insurance, property taxes, and other costs, ...
When Tom Bhramayana built his house in Denham Springs, La., just five years ago, his annual home insurance premium was $1,575. Today, it’s $5,000—and rising. “It’s a new house,” he says. “The roof’s ...
Even after she escaped rising floodwaters by wading away from her home in chest-deep water during Hurricane Rita in 2005, Sandra Rojas, now 69, stayed put. A fifth-generation resident of Lafitte, ...
It’s no longer just mortgage rates or property taxes pushing homeowners to the brink; skyrocketing insurance premiums have become a deal breaker of their own. In states where hurricane, wildfire, and ...
The cost of home insurance is rising all across the country as extreme weather events become more common and destructive, adding a heavy financial burden on the tired shoulders of American households.
Florida is also the most expensive state for home insurance, with an average annual cost of $8,491, due in part to the state’s high risk of extreme weather. This is based on the state’s average ...
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