Landlords are on edge over the housing market’s insurance shock—a whopping 80% increase…
The housing world doesn’t need another problem, but it has one: insurance. The insurance scene is changing, and property insurers are either capping the number of policies they write, are stricter in underwriting, are refusing to write new policies altogether, are fleeing completely, or are raising rates. California and Florida (and sometimes Texas) seem to be the worst hit, and their home-insurance markets can feel dysfunctional, but as the severity of extreme weather events escalate, it’ll only magnify across the country. And landlords are obviously worried.
fortune.com/2024/06/27/housing-market-in...ords-on-edge-survey/
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