Tag: rising costs

  • Why Are Homeowners Insurance Rates Going Up? Blame It on the Lumber (and More!)

    It’s no secret: homeowners insurance prices are climbing, and the culprit might surprise you. It’s not just inflation or natural disasters—it’s the skyrocketing cost of building materials. Let’s break it down. The Cost of Rebuilding If disaster strikes, your insurance helps rebuild. But what happens when the cost of materials—like lumber, concrete, and drywall—goes through…