Indiana Sees Rising Home Insurance Premiums and Policy Cancellations
Indiana is experiencing a rise in home insurance premiums, leading to increased cancellations of policies primarily due to nonpayment by homeowners or insurer decisions not to renew based on risk factors. The Fair Housing Center of Central Indiana highlights the financial strain these higher premiums place on homeowners, impacting both home safety and wealth retention. These market dynamics contribute to challenges in maintaining homeownership affordability in Indiana.