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Why six million Americans go without home insurance

March 14, 2024

A recent study has revealed that over six million homeowners across the United States, including a significant number of Native American, Hispanic, and Black homeowners, are without homeowners’ insurance.

This lack of coverage, the Consumer Federation of America says, places them at considerable risk in the event of natural disasters or other substantial damage to their properties.

The research, reported on by USA Today, indicates that uninsured properties represent 7.4% of all properties nationwide, leaving an estimated $1.6 trillion in property value vulnerable.

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