Insurance premiums rose about 16% for a typical Indiana homeowner between 2021 and 2024, according to an analysis from the Consumer Federation of America. This increase is partly due to hail and windstorms, which are causing higher premiums and less coverage for roof repairs and replacement.
Impact on Homeowners
Insurance companies are offering plans with lower coverage for roof repairs and replacement, which can be less expensive but may force homeowners to pay more if disaster strikes. Doug Heller, director of insurance for the National Advocacy Group, notes that the vast majority of weather-related catastrophic insurance events are happening in the Midwest in the form of severe thunderstorms and hailstorms.
Original reporting: Mirror Indy — read the source article.
