Navigating the Home Insurance Crisis: Rising Premiums, Carrier Exits, and the Path Forward
The home insurance market in 2024 was a minefield for homeowners, mortgage lenders, and the housing market as a whole. A perfect storm of rising premiums, carrier exits, and increasingly restrictive coverage options has left many feeling adrift. This article delves into the root causes of this crisis, examines the latest data, and explores potential solutions for navigating this challenging landscape.