Published: July 9, 2025
What’s happening?
Insurance premiums have surged due to increased hurricane activity, rising reinsurance costs, and overall climate-related risks
This trend is pushing up the cost of homeownership for residents and shrinking profit margins for investors
Some areas could even see declining demand if premiums become unsustainable
Who is affected?
- Current homeowners: Many are seeing their policy renewal rates increase by as much as 30%, which affects their long-term affordability.
- Buyers: Insurance is becoming a bigger factor in total monthly housing costs, making it essential to reassess budgets.
- Investors: Rising premiums may force a reevaluation of whether certain properties remain profitable.
What can you do?
- Take time to review your current policies and request updated quotes—especially if your property is in a high-risk area.
- If you’re in the process of buying, make sure to request an insurance estimate before you close.
- Focus your attention on areas where values remain stable and demand is consistent, despite rising costs.
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