Meanwhile, “multiple-peril” coverage or premiums which cover hurricanes, tornados, earthquakes, and other weather-related disasters increased 8.5% over the same period.

In 2006, homeowner’s premium costs rose another 6%. They were expected to rise another 4% in 2007. An estimate conducted of the average household’s allotted expenditure for the homeowner’s insurance concluded in 2006 was around $835.