Home insurance premiums now outpace property taxes in most US counties
Homeowners in two thirds of US counties are paying more for insurance than for property taxes as climate-driven disasters push premiums higher and threaten local budgets.
Disaster Insurance 2 articles
Insurance becomes a central issue after wildfire, flooding, earthquakes, or other disasters damage property. Policy limits, exclusions, deductibles, temporary living expenses, and proof-of-loss requirements can determine what a claim pays. Disagreements over inspections or replacement costs may delay recovery. Coverage details and records of the loss can affect how quickly displaced households receive needed payments.
California Faces Insurance Market Upheaval as Disaster Costs Soar
California's insurance market is under pressure as rising disaster costs drive up premiums and spark debate over public versus private solutions.