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The Clark Howard Podcast
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The Rising Cost of Homeowners Insurance
The primary drivers of rising premiums in states susceptible to natural disaster are not actually tied to extreme weather, as you suggest. It is a result of three main factors: legal system abuse, inflation and third-party litigation. Take Florida, for example, where there has not been a hurricane that has caused major damage since 2018,. yet where property insurance is in complete meltdown.
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