Another factor is making housing even more costly

COST OF COVERAGE: Frank Doyle, AAA Northeast senior vice president of insurance, says the rising value of real estate has played a part in causing home insurance premiums to increase. / PBN PHOTO/MICHAEL SALERNO
COST OF COVERAGE: Frank Doyle, AAA Northeast senior vice president of insurance, says the rising value of real estate has played a part in causing home insurance premiums to increase. / PBN PHOTO/MICHAEL SALERNO
Even homeowners who weren’t looking to buy in the red-hot housing market are digging deeper into their pockets lately. One reason: rising insurance premiums. From 2017 to 2020, the cost to renew home protection insurance has risen 11.4% on average nationwide, driven by economic and environmental factors, according to the national nonprofit the Insurance Information…

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  1. These insurance companies should be ashame of themselves…We pay lots of money and get nothing back..It’s a wonder why people pull claims? At least there getting something in return for all the money they give..When the time comes you need to put a claim in, they don’t want to pay or find any reason not to…