Indiana homeowners have seen insurance premiums rise about 16% from 2021 to 2024 due to frequent severe storms like hail, tornadoes, and thunderstorms causing costly damage. Rising construction and roof repair costs have driven premiums up, with some policies offering reduced roof coverage and higher deductibles. New rules allow more actual cash value coverage, lowering premiums but increasing out-of-pocket repair costs. Shopping around for adequate coverage is advised.
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