As housing affordability continues to be a pressing issue, a new crisis is adding to the financial strain on homeowners: skyrocketing insurance premiums. A recent report from the Joint Center for Housing Studies at Harvard University highlights how rising insurance costs are exacerbating the already high expenses of homeownership.
Read MoreOver a couple decades owning her grandmother’s old home, it fell into disrepair, as Delores tried to work with homeowners insurance or pay for costly repairs when she could. Repairs from RTGC meant she could safely welcome her granddaughter for baking too, like she used to do with her grandma. Years later, she still gives back to RTGC to help neighbors in need like her get critical home repairs free of charge.
Read More“Such a significant increase to the cost of homeowners insurance would leave countless neighbors uninsured and at risk of losing everything,” said Beth Morrison about the proposal from the NC Rate Bureau. The public has until Feb. 2 to submit comments to the NC Department of Insurance.
Read MoreBeing able to stay in a family home is about more than having a safe and beloved place to live. It’s about preserving a legacy and staying connected to family stories. It’s also about getting the chance to build generational wealth that neighbors like Dolores can pass on to their grandchildren.
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