Released: December 27, 2021
Many home insurance premiums are rising
Source: Kathy Orton, Washington Post ( Paid Registration )
Across the country, homeowners renewing their policies are discovering that rising material costs, supply chain disruptions and climate change are combining to drive premiums up by an average 4 percent to an average annual premium of $1,398, according to the Insurance Information Institute, a nonprofit organization known as Triple-I that provides information on the insurance industry.
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