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Homeowners insurance costs could spike over next 2 years

On HALO

19 hours ago

Homeowners could see insurance premiums jump another 16% over the next two years due to an uptick in natural disasters and rebuilding costs. The average homeowner insurance premium is expected to rise 8% in 2026, followed by another 8% in 2027, real estate analytics firm Cotality projected at an annual real estate conference.Cotality's chief data and analytics officer, John Rogers, explained that these premiums have been "rising dramatically" over the last few years, with some areas seeing double-digit growth. HOUSING AFFORDABILITY CRISIS HAMMERING RURAL AMERICARogers said that insurance now...