Why Your Insurance Is So Expensive — And It’s Going To Get Worse

Throughout the country, homeowners are assessing how they can afford the rising cost of insurance, especially if they live in areas that are prone to natural disasters like the West Coast, with its increasing frequency of wildfires and mudslides, and the East Coast, with its increasing frequency of hurricanes.

Residents like Kaye Steinsapir, grappling with the loss of their homes and communities, face a daunting insurance process filled with confusing terminology and frustrating delays. At the same time, insurers cite rising costs and limited coverage options, caught between financial pressures and policyholder needs. In this system, can both sides ever find a fair and sustainable solution?

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