Why Your Home Insurance Premium Increased by 20% – Even If Only Your Neighbor’s House Burned Down
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JULY 31, 2025
When an insurer assesses your premium, they evaluate you as an individual policyholder and the broader environment around you —especially your ZIP code or even block. Here’s the straight truth: insurance is not just about your home; it’s about the risk profile of your entire area. If your neighbor’s house catches fire, it’s a data point.
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