Why Homeowners Insurance Keeps Going Up and What You Can Do About It

Episode Description

Homeowners insurance costs have been rising fast, and many homeowners are feeling the pressure. In this episode, Blake Watson breaks down why premiums have increased so dramatically and what homeowners in the Chattanooga and Northwest Georgia area can do to manage and potentially reduce those costs. From understanding rebuild values to avoiding costly coverage mistakes, this episode offers practical strategies to protect your home and your finances.

What You’ll Learn in This Episode

Why homeowners insurance premiums have increased by nearly 70 percent in recent years How rising construction costs directly impact your insurance rates The role of severe weather and national risk trends in local premiums What reinsurance is and why it affects what you pay How stricter underwriting is changing the way homes are insured

Key Strategies to Save Money

Review and shop your insurance policy every year

Compare bundled vs separate home and auto policies

Evaluate whether raising your deductible makes financial sense

Work with your insurance agent to adjust coverage and structure

Smart Homeowner Upgrades That May Lower Risk

Installing a new or more durable roof

Adding monitored security systems