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Home insurance costs are growing even faster than inflation. Here’s what to expect this year.
Homeowners, brace for impact. Home insurance, expensive as it is, is becoming even pricier. Add to that the chance that your insurer may throw higher deductibles and stricter underwriting requirements into the mix. To put these home insurance price pressures into context, consider that although inflation grew by 18% from 2020 to 2023, the average homeowners’ insurance premium increased by 33%
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