The nation’s homeowners filed fewer insurance claims this summer, but the average costs of them could soar to new heights. Processing Content The 1,070,614 claims assignments between July and September represented the slowest summer in five years, according to risk analytics firm Verisk. The company is forecasting between 4.3 million and 4.5 million claims by […]
Home insurance claims fall as repair costs climb Read More »
Home prices are squeezing potential buyers out of the market, and the true cost of homeownership is rising even higher. The hidden costs of homeownership now total nearly $16,000, climbing faster than incomes, a new analysis from Zillow and Thumbtack found. That’s an additional $1,325 a month on top of the mortgage payment. According to
Hidden home costs hit $16K, outpacing incomes Read More »
Hundreds of community association leaders visited Capitol Hill this past Thursday for the Congressional Advocacy Summit hosted by the Community Associations Institute (CAI). More than 200 advocates from CAI — representing more than 77 million homeowners association, condominium and co-op residents — met with members of Congress and their staff to discuss federal issues in
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For generations, the American Dream has been defined by homeownership. But in 2025, that dream is harder to hold onto. Rising mortgage rates, high home prices and the day-to-day cost of living have left many families stretched thin. Even as interest rates show signs of easing, affordability pressures remain, forcing buyers to ask not only,
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Florida and California, two states hit hard by natural disasters, lead the nation in non-renewal rates of homeowners insurance policies last year, a Weiss Ratings study found. Weiss looked at National Association of Insurance Commissioners data for 2024 and also did a comparison with 2018 in 15 disaster-prone states. Which states had the highest share
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A growing number of homeowners are putting off necessary maintenance and repairs, leading to safety concerns, higher costs and long-term financial strain, according to a new report from Bold North Roofing. The study found that 71% of homeowners have postponed at least one home project in 2025 — and 60% are actively delaying essential maintenance.
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A new survey from Kin Insurance suggests that Gen Z homeowners are less satisfied with their home insurance providers than older generations, citing poor customer service and claims experiences rather than cost as their main frustrations. Findings highlight a growing disconnect between digital-native Gen Z homeowners — born between 1997 and 2012 — and the
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Long-time mortgage industry executive Jerry Halbrook has been named president and chief operating officer of insuretech Covered Insurance. Halbrook’s hiring is the latest sign of the convergence between the lending process and insurance, the company said. Jerry Halbrook is president and COO of Covered Insurance Property insurance costs have increased in recent years, and in
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Property insurance costs have gotten so high in Miami, that more than one-in-every-five homes do not have coverage, a study from Valuepenguin found. Nationwide, in the nation’s 50 largest metro areas, homeowners spend an average of 7% of their expenses on property insurance. But in Miami, 13.1% of monthly homeownership costs go toward coverage, followed
Miami property insurance so costly that 20% skip getting it Read More »
Homeowners are spending a growing share of their mortgage payments on property insurance, which is now rising faster than principal, interest and taxes, according to the September ICE Mortgage Monitor. Data shows that annual property insurance payments for single-family mortgage holders now average nearly $2,370. That amounts to 9.6% of monthly mortgage-related expenses, the highest
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