Why Is Home Insurance So Expensive in 2024?

Why Is Home Insurance So Expensive in 2024?

Discover how Steadily can save you both time and money on your rental property insurance: https://biggerpockets.steadilypartner.com/?utm_source=biggerpockets&utm_medium=youtube&utm_campaign=video1

Home insurance prices are skyrocketing nationwide, but what’s behind this sudden jump in premium prices? Well, there’s not just one culprit. Landlords and homeowners from California to Florida are feeling the sting of massively inflated homeowners insurance prices; some even saw a 300% increase in insurance premium prices year-over-year! So, how do you get around paying such a massive bill while still protecting your home?

Mindy Jensen, host of the “BiggerPockets Money” podcast, is bringing her expense-cutting, deal-finding, money-saving insurance tips to help you protect your properties for less. With a few quick tips, you may be able to cut your bill down substantially or at least stop it from increasing by a huge margin when your policy is up for renewal. Don’t get caught forced to pay a sky-high premium! Work with a trusted insurance provider like Steadily to find a quote that works for YOUR budget!

Visit Steadily for a commitment-free quote tailored to your needs today: https://biggerpockets.steadilypartner.com/?utm_source=biggerpockets&utm_medium=youtube&utm_campaign=video1

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Hear More From Mindy On the “BiggerPockets Money” Podcast and YouTube Channel:
Podcast: https://link.chtbl.com/Money
YouTube: https://www.youtube.com/@BiggerPocketsMoney
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What Caused 2023’s WILD Insurance Market (and When Prices Could Fall):
https://www.biggerpockets.com/blog/real-estate-819?utm_source=youtube&utm_medium=description&utm_campaign=none
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“This Is The Hardest Property Insurance Market Ever”—What’s Forcing Carriers To Pull Out In Droves?:
https://www.biggerpockets.com/blog/this-is-the-hardest-property-insurance-market-ever-whats-forcing-carriers-to-pull-out-in-droves?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Mindy on BiggerPockets:
Mindy: https://www.biggerpockets.com/users/mindyjensen?utm_source=youtube&utm_medium=description&utm_campaign=none
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Follow Mindy and BiggerPockets on Instagram:
Mindy: @mindyatbp or https://www.instagram.com/mindyatbp/
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00:00 Why is Insurance SO Expensive?
00:21 Sponsor: Steadily!
01:14 Inflation, Disasters, and Demand
03:01 300% Higher Premiums!?
04:20 How to Save on Insurance
07:26 Prepare for Price Increases!


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