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Insight into Home Insurance: Rising Costs and How to Manage Them

Insight into Home Insurance: Rising Costs and How to Manage Them

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Ever moved a property into an LLC and got hit with a doubled insurance premium? We have. Tune in to our latest podcast episode where David and I dig into the surprising trend of rising home insurance prices and their effects on homeowners and real estate investors alike. We delve into an article that sparked our curiosity, revealing startling figures like a $98.9 billion in insurance losses in 2022, largely due to increasing natural catastrophes.

This isn't just another doom and gloom episode though. As we discuss the wide range of increase rates across different states, we also share strategies on how to possibly avoid being caught in the whirlwind of sky-high premiums. Whether you're a seasoned investor or a first-time homeowner, you'll find this conversation not just insightful, but crucial, given today's unpredictable real estate landscape. So, sit back, grab a notepad and get ready to uncover the truth behind the insurance price surge and how to navigate it.

Link to the article we are discussing: https://www.valuepenguin.com/homeowners-insurance-rates-study

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