Home insurance premiums increasing due to rebuilding costs, disaster-related claims in other states

GREEN BAY, Wis. (WBAY) – Home insurance premiums are increasing as rebuilding costs and disaster-related claims rise across the country, including here in northeast Wisconsin.

Severe weather in other states is contributing to the trickle-down effect on home insurance rates.

“Everything that they have to rebuild there, that’s that much less material and supplies available for here in Wisconsin. It pushes up our cost, and the insurance companies then say our costs to repair are that much more. We’ve got to up our cost also, it’s a shame, but it’s a fact of life,” says David Delain, the owner of the Delain Insurance Agency in Green Bay…

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