Homeowners Say Climate Change Is Destroying Their Home Values

U.S. homeowners are worried that climate change is impacting the values of their houses amid elevated insurance costs across the country fueled by the increased frequency of natural disasters.Forty percent of homeowners who have had to file insurance claims say that climate change is affecting their home values, according to a survey from Insurify. Overall, 25 percent said climate change is responsible for bringing down their property values, while 60 percent said the opposite.

Meanwhile, Louisiana is estimated to see the highest increase in home insurance of 23 percent to an average of $7,800. Maine will also see a jump of 19 percent to about $1,500, followed by Michigan, where costs will increase by 14 percent to more than $2,000.'The states with the highest home insurance costs are prone to severe weather events. Florida, Louisiana, Texas, Arkansas, and Mississippi are vulnerable to hurricanes,' Sheets said.

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