The $2,370 Problem: Taming Soaring Homeowners Insurance

Mortgage Research Network Podcast · Oct 1, 2025 · 4m

Homeowners insurance premiums are up 70% in five years—now averaging $2,370/year—and for many buyers it’s the hidden cost blowing up monthly payments. Tim Lucas and Craig Berry unpack what’s driving the spike, what standard policies actually cover (and don’t), and how to keep coverage strong without overpaying.In this episode, you’ll learn:Why costs exploded: climate-driven disasters, pricier rebuilds (materials + labor), insurer exits in high-risk states, and how escrow can hide the jump until your annual analysis.What your policy really covers: dwelling, personal property (often 50–70% of…