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I think it also has to do with asset inflation. Housing prices constantly rising makes insuring them more expensive.
by vjvjvjvjghv 1y ago
I think it also has to do with asset inflation. Housing prices constantly rising makes insuring them more expensive.
- ndsipa_pomu 1y agoThat shouldn't be a major factor as it's the repair/rebuild costs that insurance companies are interested in. If house prices increase, it doesn't mean that it would cost more to rebuild them.
- vjvjvjvjghv 1y agoFrom what I have seen, the cost of home building has gone up a lot.