Rising Insurance Costs: What Rim Country Homeowners Need to Know

Rising Insurance Costs: What Rim Country Homeowners Need to Know

If you’ve received a notice about a premium increase, policy non-renewal, or changes to your homeowners insurance coverage, you’re not alone.

Across Arizona and much of the country, homeowners are seeing significant changes in the insurance market. Rising construction costs, increased claim activity, wildfire concerns, and other factors have caused many insurance companies to raise rates, tighten underwriting requirements, or reduce the areas where they offer coverage.

As a result, some homeowners are experiencing:

• Higher insurance premiums
• Increased deductibles
• Requests for property inspections
• Non-renewal or cancellation notices
• Difficulty finding new coverage

What Homeowners Can Do

If you’ve been affected, don’t wait until your policy expires to start exploring options. Shopping early can provide more time to compare coverage and pricing from multiple carriers.

There are also steps homeowners can take that may help improve insurability, including:

• Maintaining defensible space around the property
• Removing dead vegetation and tree limbs
• Keeping roofs and gutters clear of debris
• Updating older roofs, electrical systems, or plumbing when needed
• Addressing property maintenance issues before inspections occur

We’re Here to Help

At Coldwell Banker Bishop Realty, we work with homeowners throughout Payson, Pine, Strawberry, and Tonto Basin and understand the challenges many are facing. While we do not sell insurance, we can connect you with trusted local insurance professionals who may be able to help you explore available options.