Home Insurance Rate Increases At 6-Year Low
NU Online News Service, March 1, 2:53 p.m.EST?Homeowners insurance rates are going up less this yearbecause of smaller and fewer claims, according to the InsuranceInformation Institute.[@@]
I.I.I. said the 2.5 percent rate increase projected for homeinsurance in 2005 is the smallest in six years. The projectedincrease, the institute said, represents a continuing slowdown from2004 when homeowners insurance costs rose by an estimated 3.8percent.
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