Tornados expected to increase insurance premiums even for those unaffected by the storms - KMOV.com

Tornados expected to increase insurance premiums even for those unaffected by the storms

(KMOV) – All of the tornados in Missouri this year will cost you money, even if your home was not damaged.

Damage claims are expected to be in the billions, exceeding the reserves insurance companies keep to pay for claims.

Insurance companies are expected to raise rates on homeowners’ insurance to offset their losses.

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