Insurance hikes make affordable housing tougher
Wed, 11/06/2024 - 5:00am
A growing number of Texas homeowners are forgoing buying homeowners insurance as premiums skyrocket, according to a recent report from the Texas comptroller. Recent natural disasters – hurricanes, severe storms and wildfires – have prompted some insurers to limit or even eliminate coverage in Texas. Daniel Oney, research director of the Texas Real Estate Research Center at Texas A&M University, says premium increases in Texas have outpaced the rest of the country.
