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Amid a climate crisis, some good news for Florida’s housing market

Housing Wire

The Florida housing market faces an outsized risk from weather events and larger climate issues. Not surprisingly, the state also has the highest average cost for homeowners insurance , and that cost is rising. Not surprisingly, the state also has the highest average cost for homeowners insurance , and that cost is rising.

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Why it’s time for the housing industry to get serious about climate risk

Housing Wire

And yes, this certainly has had an impact on insurance companies from coast to coast, as we’ve seen insurers retreat en masse from states such as California , Florida , and Texas , which have all seen record losses in recent years from wildfires, earthquakes, hurricanes, severe winter storms, sinkholes, and more.

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How to Conduct the Most Effective Columbus, Ohio Property Search

The Robert Weiler Company

Being in a flood-prone area can seriously affect your insurance premiums and property value; it could also cause a great deal of aggravation and stress if you experience the wrath of Mother Nature. These are all important issues that will surely contribute to the property’s overall quality and desirability. Don’t learn the hard way.

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A CALL FOR MORE ACCESSORY DWELLINGS AMID HOUSING CRUNCH

Will Springer Realtor

What is true is that every time we lean in and face the headwinds of economic weakness the housing market is a welcome refuge.As Insurers are increasingly exposed to the climate crisis and are currently under-charging premiums by about 58% to at-risk property owners, the report states. In fact, rates have fallen by an average of 1.1