Denver Homeowner’s Insurance Premiums Are Increasing
Nationally, homeowner’s insurance premiums are increasing. There are a number of reasons for the increases including; fewer new homes (limiting growth), recent losses from natural disasters (especially hurricanes and earthquakes), and the cost to repair or replace (more expensive materials have impacted premiums).
The National Association of Insurance Commissioners (NAIC) released its Homeowner’s Insurance Report on Jan. 20th, providing detailed data of homeowner’s insurance across the U.S.
Here Are Some Of The Findings (latest finding)
In 2013, homeowner’s owner-occupied policy exposures accounted for 76.8% of overall exposures countrywide.
Tenant and condominium policy exposures accounted for 21.3% of the total, while dwelling fire exposure made up the remaining 1.9%.
Approximately 53.2% of policies sold (in large metro areas) in 2013 were tenant or condo/co-op policies, reflecting the high level of urbanization.
These were identified as things that impact Denver homeowner’s insurance premiums the most:
Are you looking for Denver Home Owners Insurance? If so, you understand that your home is one of your most important investments. DCInsurers Mountain Brokers understands your home is where many family memories are made and where you keep your important prized possessions.