A $44,000 Insurance Bill Is Not “Normal” Glenn and Lorraine Crawford used to pay about $500 a month to insure their California home. Now? More than $44,000 a year. That’s nearly the size of a second mortgage. And they’re not alone. Major insurers have stopped writing new policies. Others are sharply raising rates. One in five California home sales reportedly fell apart last year because buyers couldn’t find affordable insurance. That’s not a minor market adjustment. That’s a structural crack in the foundation of the housing market. This Is Not Just a California Story Some folks in the South might shrug and say, “That’s California. They made their bed.” Not so fast. Florida homeowners are reeling from premium spikes. Louisiana…
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