State Farm canceling policies. US Housing Market on verge of insurance crisis.

Video Description

The US Housing Market is getting hit by a collapse in the property insurance market in early 2025, with several regions around America facing an exodus of insurers - including California and Florida. Home prices in the areas where insurance costs are highest have started to drop. The most expensive property insurance in the US is in Miami, FL, where homeowners insurance policies cost $17 per $1,000 sf of coverage. These insurance costs have been skyrocketing over the last couple years since the pandemic according to data from the BLS. --- REVENTURE APP: https://www.reventure.app Access Exclusive Data and Videos as a Channel Member: https://www.youtube.com/channel/UCVTQunGrE3p7Oq8Owao5y_Q/join DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship. Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/ Additional stock footage provided by Envato Elements. https://elements.envato.com/