Homeowners' insurance rates soaring: what you can do

Homeowners' insurance rates soaring: what you can do

Assessment

Interactive Video

Business

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the rising costs of homeowners insurance, which is causing some to forgo coverage. It highlights the financial dilemmas faced by homeowners due to increased premiums and identifies factors like home building costs and severe weather as key drivers. The video offers tips on managing insurance costs, such as seeking discounts and shopping around. It stresses the importance of maintaining coverage to protect investments.

Read more

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What difficult decisions are homeowners facing due to rising insurance costs?

Choosing between insurance and luxury vacations

Opting for higher coverage limits

Selecting between different insurance providers

Deciding between insurance and essential needs like medication or food

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are two major factors contributing to the increase in homeowners insurance rates?

Government regulations

Home building costs and severe weather

Technological advancements in home security

Increased competition among insurance companies

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

By how much are homeowners insurance rates projected to rise by the end of 2024?

10%

20%

15%

6%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one way homeowners can potentially reduce their insurance premiums?

Bundling insurance policies or going paperless

Switching to a different insurance provider every year

Increasing coverage limits

Ignoring policy renewals

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of homeowners currently have no insurance coverage?

20%

12%

5%

25%