Homeowners insurance costs have dramatically increased, with some Americans witnessing their rates double, making it unaffordable for many due to ongoing climate risks.
Angela Hudgens describes her escalating home insurance and states, 'There's a giant bump at every renewal, and you can barely afford to pay it.' Her frustration is echoed by many as they navigate extreme weather risks.
With nearly 45% of U.S. homes at risk from environmental threats, insurance companies are exiting markets like Florida, leading to fewer options and higher premiums.
Jeff Brandes highlights ongoing challenges for Florida insurance consumers due to rate increases from inflation and rising material costs, indicating a need for reform in the market.
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