natural disasters

Insurance premiums for policies covering natural disasters are rising across the country, and many homeowners are already feeling the impact. Between 2020 and 2023, rates jumped more than 30% as hurricanes, wildfires, and severe storms grew more frequent and costly. In high-risk areas, premiums are often double what they are in safer regions, and many families are even facing non-renewals. Adding to the strain, reinsurance costs—the coverage insurers buy to protect themselves—have climbed sharply, forcing carriers to pass those costs along to policyholders.

For homeowners, this means higher bills and fewer choices. Unfortunately, this trend is expected to continue as climate risks increase and rebuilding costs rise. Even those in moderately exposed areas can see significant premium hikes, making it more important than ever to review your insurance coverage.

That’s where Ford Insurance Agency can help. As an independent agency, we work with multiple carriers to ensure you’re getting the best coverage at the most competitive rates. Our team can evaluate your current policy, explain your options, and identify savings opportunities without sacrificing protection.

Don’t wait until your next renewal notice surprises you. Reach out to Ford Insurance Agency today to safeguard your home and your budget.