Westwood Insurance Agency

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Insurance Challenges Demand Adaptations Amid Rising Risks 

Oct 31, 2024 7:48 pmBy

Today’s housing market dynamics are rapidly evolving. While recent adjustments in mortgage rates signal a potential uptick in new-home demand, homebuilders face a growing set of challenges beyond financing. Insurance premiums for new homes are increasing at rates unseen in decades, driven by climate-related risks, building material costs, and insurers pulling out of high-risk regions. […]

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