Part 3/6:
Homeowners in disaster-prone regions are facing unprecedented hikes in insurance premiums. It is not uncommon for individuals to experience increases ranging from 50% to 100% when switching from traditional admitted insurance to E&S policies. In areas like Los Angeles and Southeast Florida, homeowners are grappling with premium hikes that can approach the upper limit of this spectrum. Such staggering costs highlight the tumultuous nature of insuring properties in regions that are increasingly vulnerable to natural disasters.