Homeowners’ property insurance may soon increase in price

>Homeowners’ property insurance may soon increase in price In 2011, natural disasters such as tornadoes, hail, high winds and floods caused widespread damage across the United States, and more and more...

The insurance industry has suffered huge losses due to natural disasters in recent years. Insurance companies may be forced to increase insurance premiums, especially in the southeast, central and western regions. The head of a well-known insurance company said: "We have had record losses for four consecutive years," Hartwig told USA Today. "My sense is that premiums will probably go up 4 to 5 percent." The average annual cost of homeowners insurance was $791 in 2008 and had increased to $807 in 2010, according to the Insurance Information Institute. Hartwig told USA Today that he predicts the national average for homeowners insurance will rise to $840 in 2011. For more real estate information, please contact Goldtrust Realty Tinna 480-287-0180 E-mail: goldtrustrealty2010@gmail.com