New Orleans Among Most Expensive U.S. Cities for Home Insurance
Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, reports that New Orleans ranks just behind Miami in home insurance costs. According to Realtor.com, premiums in the city average $8,328 annually, with a cost-to-value ratio of 3.6%. McIntyre notes that repeated hurricanes, the devastation of Katrina, and the city’s vulnerable geography make New Orleans one of the riskiest and most expensive places to own a home in the U.S.
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