The U.S. is facing a critical shortage in hazard insurance due to increasing disaster frequency and severity, leading to unaffordable or unavailable coverage for many homeowners and renters. This issue is straining household finances and constraining housing supply, potentially stifling home sales and economic mobility, especially in already affordable regions. Developers must adapt by considering alternative risk management strategies as the current system struggles to meet demand.
Read the full article at HousingWire
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Ali NematiWritten by Ali
