Part 2/9:
The Cost of Insurance: A Growing Burden
A prominent theme in the discourse on insurance is the rising costs that families endure. Over the past several years, the inflation of building prices alongside a scarcity of materials has significantly increased the cost of insuring homes. The crux of the argument lies in the fact that not only are families paying higher premiums, but the expenses associated with rebuilding their homes are also soaring. The rising costs of materials and labor—combined with the increasing property values—have resulted in an inevitable spike in insurance premiums.