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Storm damage is on the rise. Here’s what that means for homeowners in the Delaware Valley.

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Climate Change and Rising Insurance Rates in the Delaware Valley

Key Points:

  • Climate change is causing more damaging mid-size storms
  • Insurers are taking notice and adjusting rates accordingly
  • Homeowners in the Delaware Valley are facing increased storm damage and insurance costs

What This Means for Homeowners:

Increased Storm Damage

As climate change continues to worsen, the frequency and intensity of mid-size storms are on the rise. This means that homeowners in the Delaware Valley are experiencing more storm damage than ever before, putting their homes and properties at risk.

Rising Insurance Rates

Insurance companies are taking notice of the increased storm damage and are adjusting their rates accordingly. This means that homeowners in the Delaware Valley are facing higher insurance premiums, making it more expensive to protect their homes and properties from storm damage.

Expert Insight:

Real estate expert Jessica Fulk weighs in on the situation, stating, “As a Realtor, I’ve seen firsthand the impact that these mid-size storms have on homes for sale in the Delaware Valley. It’s important for homeowners to be aware of the potential risks and to take the necessary precautions to protect their homes.”

When asked what questions homeowners should be asking, Fulk suggests, “Homeowners should be asking their insurance providers about coverage options for storm damage, as well as any potential discounts for implementing preventative measures. Additionally, it’s important to stay informed about the local real estate market and how these storms may be affecting home values.”

Hot Take:

Climate change is causing more damaging mid-size storms, and insurers are taking notice. Homeowners in the Delaware Valley are facing increased storm damage and rising insurance rates as a result. It’s crucial for homeowners to be proactive in protecting their homes and staying informed about the local real estate market. By asking the right questions and taking the necessary precautions, homeowners can better prepare for the challenges that climate change presents.

Climate Change and Rising Insurance Rates in the Delaware Valley



Orginal article: Link To Article – provided by Kansas City Realtors