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(The Center Square) - California homeowners may face noticeable insurance rate hikes under new rules finalized by state regulators that allow property insurers to use complex climate algorithms ...
Insurance companies are required to give homeowners a certain amount of notice before dropping their policy, and the range of time (usually between 30 and 60 days) varies by state.
The average homeowners insurance premium jumped 33% from 2020 to 2023, rising from $1,902 per year to $2,530, according to 2024 research from economists at the University of Pennsylvania's Wharton ...
Home insurance premiums were up an average of 21%, according to a Policygenius analysis of policy renewals from May 2022 to May 2023. For homeowners whose premiums went up, the average increase ...
A recent rule change could cause a spike in insurance premium for homeowners across California, as the costs of the Los Angeles area wildfires are passed onto them in a way that was not allowed in ...
Inflation, market distortions, and disasters have added up to higher prices and fewer options.
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