Indiana homeowners have seen insurance premiums rise about 16% from 2021 to 2024 due to increased damage from frequent severe storms like hail, tornadoes, and thunderstorms. Rising construction costs and inflation also drive up premiums. Insurers are reducing roof damage coverage, often offering actual cash value instead of replacement cost, shifting repair expenses to homeowners. Personal factors like credit scores affect rates. Shopping around for adequate coverage is advised.
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