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Why Americans Are Suddenly Losing Their Home Insurance
Posted
February 5, 2024
Views
778,703
Likes
8,037
Comments
3,032
Engagement
1.42%
February 5, 2024
778,703
8,037
3,032
1.42%
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Many homeowners in the U.S. are losing their home insurance policies. Major insurers like State Farm and Allstate are no longer offering new policies in California. State Farm attributes this to increased wildfire risk, inflation and other challenges in the region. Louisianan and Floridian homeowners are facing similar issues due to flood risk. Watch the video to learn more about why homeowners are receiving non-renewal notices and what that means for the U.S. real estate market.
Chapters:
Produced and Edited by: Lindsey Jacobson
Additional Camera by: Juhohn Lee
Animation: Jason Reginato, Andrea Schmitz
Additional Footage: Getty Images, Darlene Tucker
Additional Sources: State Farm, U.S. News & World Report, Insurance Information Institute, U.S. Bureau of Labor Statistics
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Why Americans Are Suddenly Losing Their Home Insurance
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