What Factors Affect Your Home Insurance Cost?

It’s no secret that home insurance costs are rising, in large part due to increased claims from floods or other natural disasters. Prices are also increasing due to industry consolidation and disruption as insurance companies exit whole markets. You’ll need to check your policy more frequently to ensure you get a good deal and enough coverage.

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Time for an Insurance Review

The coronavirus has made one thing abundantly clear: We all need to be prepared for an emergency. Which prompts the question: When did you last review your insurance policies?

You may want to make some changes to your auto, homeowners and life in­surance policies in light of COVID-19. “You could be paying for coverage that you don’t need anymore, or you could be lacking coverage in some areas because of the pandemic,” says Carmen Balber, executive director at Consumer Watchdog, a nonprofit consumer-advocacy organization.

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