Homeowners in North Texas are facing a 22% increase in insurance premiums for 2024, driven by more severe storms and rising material costs.
Wind and hail damage are major contributors to the hikes, with some insurance companies raising deductibles and pulling back from the market.
This has created financial challenges for homeowners, including first-time buyers, who are struggling with higher premiums.
Experts recommend shopping for insurance early, exploring discounts, and utilizing assistance programs like Fort Worth’s Community Repair Program, which offers grants up to $25,000 for home repairs.
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