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Respectfully, while I agree with the need for improvement in these areas, this strategy is akin to swallowing an aspirin in 2027 for a migraine you have today. Contrary to popular opinion, most rental properties are not owned by hedge funds, but rather small and medium-sized landlords or “mom-and-pop” investors.
Starting mid-2027, insurers operating in Washington will be mandated to furnish written notices to policyholders facing premium hikes of 10% or more, elucidating the primary factors driving the change. Homeowners must engage in thoughtful discussions with their insurance agents to assess whether additional protection is warranted.
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