Source: NAHB —
An increasing number of homes and communities throughout the country are at risk as wildfires, floods, and other natural disasters continue to set records.
As a result of these growing risks, many insurance companies are providing fewer options, drastically increasing premiums or dropping out of certain markets. This is creating a ripple effect on the housing market for builders, buyers, and home owners looking to repair/rebuild after an event. There is also a growing gap between insured and uninsured losses, leading to increased needs and higher competition for limited resources
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