| Many Americans are watching their hold on homeownership slip away as insurance costs balloon beyond their ability to pay. A combination of broad economic trends — labor shortages, inflation, higher reinsurance and rebuilding costs — and more costly and uncertain extreme weather events are driving up premiums. Historically, insurance was a win-win for everyone. Homeowners paid a small premium to receive a payout after a natural disaster or other loss. Insurers turned a profit by spreading the risk among homeowners across the country. But costs from extreme weather events have been rising, in part because Americans have continued to move into areas that are more vulnerable to severe storms. Insurers are passing these costs to consumers with higher rates and more restricted coverage. In some states, insurers have stopped issuing new policies altogether. Ordinary Americans must now make hard calculations: Can they afford to stay, or is there a way to navigate this new insurance market? | 
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