Nolte: Families Canceling Costly Home Insurance in Biden’s AmericaJohn Nolte 29 Aug 2023
Americans are canceling their homeowner’s insurance because they can no longer afford it, reports the Wall Street Journal.
Welcome to Joe Biden’s America, where the ruling party doesn’t want you to own anything.
“Homeowners are increasingly forgoing home insurance, gambling that the likelihood of a disaster isn’t high enough to justify the cost of a policy,” reports the Journal.
“Some skipping insurance say they are doing so because they can no longer afford the rising premiums,” the report adds. “The national average for home insurance based on $250,000 in dwelling coverage increased this year to $1,428 annually, up 20% from 2022, according to Bankrate.”
That’s a jump of 20 percent in a single year.
“Twelve percent of homeowners in the U.S. don’t purchase homeowners’ insurance. About half of them have annual household incomes of less than $40,000, according to a 2023 survey[.]”
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https://www.breitbart.com/politics/2023/08/29/nolte-families-canceling-costly-home-insurance-bidens-america/