In recent years, homeowners across the nation have faced a troubling trend; the cancellation of their homeowner’s insurance policies and significant increases in premiums. This session delves into the factors driving these changes, from natural disasters and increased claim rates to regulatory shifts. As insurance costs soar and coverage becomes harder to secure, homeowners find themselves grappling with new financial burdens that can jeopardize their ability to maintain their mortgage payments.
Join us for an in-depth panel discussion where industry experts, mortgage servicers and policymakers will explore the far-reaching consequences of this crisis. We’ll examine the statistics behind insurance cancellations and premium hikes, discuss the financial strain on homeowners, and highlight the potential for increased mortgage defaults. Our panel will also address preventive measures and solutions, offering strategies for homeowners to mitigate risks and find competitive rates.
By the end of this session, attendees will have a comprehensive understanding of the current homeowner’s insurance market, its impact on mortgage payments, and actionable insights to navigate these challenges. Whether you are a homeowner, a real estate professional or simply interested in the intersection of insurance and housing, this session promises valuable information and practical guidance.
- – Cathe Cole-Sherburn, Sr. VP of Operations, Trustee Corps (moderator)
- – Jessica Curran, Procter Insurance Agency
- – Scott Kipper, Nevada Insurance Commissioner
- – Richard Strayer, Pennymac Loan Services, LLC