Affording a home is one thing. Affording to keep it running is another. The average homeowner spends $21,084 per year on non-mortgage expenses, including insurance, property taxes, and other costs, ...
When Tom Bhramayana built his house in Denham Springs, La., just five years ago, his annual home insurance premium was $1,575. Today, it’s $5,000—and rising. “It’s a new house,” he says. “The roof’s ...
Even after she escaped rising floodwaters by wading away from her home in chest-deep water during Hurricane Rita in 2005, Sandra Rojas, now 69, stayed put. A fifth-generation resident of Lafitte, ...
It’s no longer just mortgage rates or property taxes pushing homeowners to the brink; skyrocketing insurance premiums have become a deal breaker of their own. In states where hurricane, wildfire, and ...
U.S. home insurance costs rose 11.4% in 2024 over a year ago. Here are seven expert strategies for finding affordable ...
Florida is also the most expensive state for home insurance, with an average annual cost of $8,491, due in part to the state’s high risk of extreme weather. This is based on the state’s average ...