As climate change escalates, homeownership is evolving from a stable asset into a precarious financial burden for those in disaster-prone areas.
The emotional value of homeownership is still significant for many, linking it to the American dream, but rising costs are reshaping this reality.
With insurance premiums having surged 52% nationally since 2019, prospective homeowners must reevaluate their financial goals in the face of climate risks.
In Florida alone, average insurance premiums have shot up $1,450 between 2020 and 2023, signaling a definitive shift in risk assessment by insurers.
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