Talk of The Villages Florida - View Single Post - Homeowner's Insurance up 56%
Thread: Homeowner's Insurance up 56%
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Old 12-04-2021, 03:34 PM
Papa_lecki Papa_lecki is offline
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Quote:
Originally Posted by rustyp View Post
Homeowners like it when the value of their house goes up. But the opposite side of the formula is home insurance and property taxes also rise with assessment values.
Is homeowner’s premium a product of house value or replacement cost? Inflation and supply chain issues caused the cost to replace the home much more expensive.