If your home insurance rate has spiked lately, you’re not alone. And President Trump’s policies could make it even more expensive.

Since 2021, at least 6 million policy holders across the country have seen rate hikes to their property insurance policies, according to a new report from environmental advocacy group Climate Power. Insurers have also canceled at least 1.4 million policies in that time.

One big reason is the worsening climate crisis, which is driving more and more instances of extreme weather. Inflation, labor shortages, and supply chain issues are also factors, as they drive up the costs to rebuild a home.

The Trump administration’s policies may exacerbate this crisis. Trump’s tariffs could make home insurance prices rise 38% faster, one insurance agency estimated.

And sin

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