Losing coverage: Mountain West homeowners face an insurance crisis
3 Articles
3 Articles
Homeowners forced to 'gamble' amid worsening insurance crisis across US: 'Struggling to keep up'
Homeowners insurance is going up around the United States, particularly in places that have been hit by natural disasters, according to Insurance NewsNet. No one loves paying for insurance, but covering those costs is usually better than risking a catastrophe without it. That has been true for years. Now, though, homeowners are having to decide if they should lower their coverage because it's getting so expensive. What's happening? In areas acr…
Losing coverage: Mountain West homeowners face an insurance crisis
(AP Images)Homeowners insurance is getting more expensive, and harder to keep. In our region, one of the most important causes is climate change-fueled wildfires. Recent federal data shows non-renewals spiraling in many places, and annual premiums jumping hundreds of dollars from one year to the next. For example, in Idaho’s Boise County, non-renewal rates nearly tripled in five years.In the first of our insurance crisis series, the Mountain Wes…
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