Double-digit premium hikes. Higher deductibles. New coverage limits. Drones to check the state of roofs and yards. The higher-cost, lower-coverage trend extends well beyond Florida, California and other states prone to hurricanes, floods or wildfires as losses for home-insurance companies continued to pile up in the first six months of this year.
| less than a minute read
Home insurers are charging more and insuring less
“We’re seeing moves to put more of the risk back onto the homeowner, tougher underwriting restrictions and big rate increases,” said Lauren Menuey, a managing director at independent agency Goosehead Insurance.
