Tariffs cause homeowners to see $100 plus increase to premiums this year
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Tariffs cause homeowners to see $100 plus increase to premiums this year
Homeowners could see an extra $100 stacked onto their insurance bills over the next year as a result of President Donald Trump's newly imposed tariffs, according to a new report from Insurify.The tariffs, which heavily impact Canadian lumber and Mexican lime and gypsum products, could push the projected national average insurance cost to $3,626 by the end of the year. That is a $106 increase year over year.The tariffs are designed to shield U.S. manufacturers from foreign competition, but they have also contributed to increased prices for raw materials and finished goods.President Donald Trump, in a recent interview, dismissed concerns ..