Home Insurance - A surge in home construction prices has been an ongoing story in 2022. A pandemic-induced supply chain disruption, inflation and labor shortages have contributed to a 15-year high for home construction backlog. While housing construction activity is expected to be bogged down in the short-term, there is some optimism for a return to normalcy in 2023. As a homeowner, it’s worth reflecting on what a spike in construction costs could mean for you. If a problem like a natural disaster or fire destroys all or part of your home, your bank account could also take a serious…
