New reports from Maryland Insurance Administration and U.S. Senate document accelerating rate of homeowners being denied policy renewals.
SILVER SPRING, Md. — If your homeowners insurance renewal has been denied or your premiums have spiked, you’re not alone.
A growing crisis tied to climate change and extreme weather is making it harder and more expensive for Americans to insure their homes, with the issue projected to worsen in 2025, according to reports released in December by the Maryland Insurance Administration and the US Senate Budget Committee.
Laurie Benner, whose parents live in the Montego Bay subdivision in Ocean City, is already being impacted because insurers now refuse to provide coverage for older manufactured houses and mobile homes in Maryland coastal communities.
“Not only is it an issue for our own personal family ownership of the property, and what that means if there is some type of a loss, some type …