According to a recent article by the Federal Reserve Bank of Minneapolis, homeowners insurance in South Dakota has experienced a significant increase of 41% over the span of seven years. This substantial rise in premiums is reflective of broader trends in the insurance industry, as homeowners grapple with higher costs and potential risks associated with property ownership.
Key highlights from the article include:
– Homeowners insurance premiums in South Dakota have surged by 41% over a seven year period.
– The Federal Reserve Bank of Minneapolis sheds light on the challenges faced by homeowners in the state, as they navigate escalating insurance costs.
– The rise in homeowners insurance premiums underscores the importance of staying informed and prepared for potential financial impacts related to property ownership.
You can read this full article at: https://www.housingwire.com/articles/the-cost-of-homeowners-insurance-skyrockets-in-upper-midwest-states/(subscription required)
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