I took out a 20-year term life insurance policy for $500,000 and named my wife as beneficiary. The annual premiums were a couple hundred dollars. The term is up and the new annual premium is $4,600.
Insurance is just one more component of a real estate transaction, but these days it can have a great influence your financial commitment and decision of whether to proceed.
Home and auto insurance premiums have been soaring in the U.S. for years, and it is not just because of inflation and greater losses from natural disasters.