Homeowners insurance is a critical financial tool that provides protection for your home and personal belongings. It safeguards your investment against unforeseen events, offering peace of mind in the face of potential risks. This guide covers various aspects of homeowner's insurance, from its cost to the coverage it provides.

The past year saw a continuation of many difficult conditions still affecting the homeowners insurance market today. The inflation spike during 2022 reverberated throughout the U.S. economy, and supply chain issues and labor shortages continued to impact the cost of construction.

Homeowners living in states that typically have more natural disasters, such as wildfires and hurricanes, are experiencing rate increases. Those in disaster-prone areas may see steep home insurance premium increases in the near future.