August 29, 2023

Growing number of U.S. homeowners are skipping home-insurance coverage.

 Some can’t afford rising premiums, while wealthy households say they have enough money saved to rebuild or move if their home were destroyed. Others find their insurer hasn’t renewed their policy due to an increased risk of severe weather damage. Being uninsured can be very risky. When homes are wrecked, owners don’t only lose the property and its contents but might have to pay to remove the ruins and rebuild.

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