Wednesday, April 23, 2025

After a lemon of a homeowners insurance bill, I went for Lemonade

How much has your homeowners or renters insurance gone up?

Note I didn’t ask whether it’s gone up. With all the claims from wildfires, hurricanes, tornados, and floods and with increases in rebuilding costs, insurance companies have increased homeowners premiums an average of 24% over the past three years, according to the Consumer Federation of America. In Illinois, the three-year increase is 50%, the second highest in the country.