Louisiana’s high insurance premiums slowing real estate sales

LAKE CHARLES, La. (KPLC) – The market for selling homes in Louisiana has been at a low for real estate companies in part due to the rapid increase of insurance costs. “You take a policy that was probably $2,000 before Hurricanes Laura and Delta hit in 2020 and now the same policy could be $10,000-$12,000,” said Firm Louisiana Property and Casualty Owner Andy Dressler.

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