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The Money Section | Here are the 10 most expensive states for home insurance

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charlotteobserver.com

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marketing@mail.charlotteobserver.com

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Thu, May 16, 2024 08:07 PM

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Also, thieves are getting better at stealing the packages delivered to your door. ͏ ‌ ?

Also, thieves are getting better at stealing the packages delivered to your door. ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     [The Charlotte Observer](~/AAQRxQA~/RgRoKOyLP0QiaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL1cDc3BjQgpmRotnRmZPRWisUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) ͏ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ May 16, 2024 • Issue #85 [The Money Section] This week, we’re looking at the rising cost of home insurance and the states most affected, ne’er-do-wells using technology to rip off your Amazon deliveries, the fallout from Red Lobster’s “Ultimate Endless Shrimp” disaster, and dropping vacation home sales. Higher fees and rates have Americans giving up on buying vacation homes [Vacation Homes](~/AAQRxQA~/RgRoKOyLP0SLaHR0cHM6Ly93d3cuc2FjYmVlLmNvbS9tb25leS9idXlpbmctdmFjYXRpb24taG9tZXMtZGVjcmVhc2UvP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU4NVcDc3BjQgpmRotnRmZPRWisUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) Getty Images Vacation home sales have dropped significantly in recent years. The reasons include rising mortgage rates, high prices, and fewer work-from-home opportunities. Additionally, stricter loan requirements make these properties even less accessible. [Read more.](~/AAQRxQA~/RgRoKOyLP0SLaHR0cHM6Ly93d3cuc2FjYmVlLmNvbS9tb25leS9idXlpbmctdmFjYXRpb24taG9tZXMtZGVjcmVhc2UvP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU4NVcDc3BjQgpmRotnRmZPRWisUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) 📈 [Fed’s Powell says high interest rates may ‘take longer than expected’ to lower inflation.](~/AAQRxQA~/RgRoKOyLP0RgaHR0cHM6Ly93d3cudXNhdG9kYXkuY29tL3N0b3J5L21vbmV5LzIwMjQvMDUvMTQvcG93ZWxsLWludGVyZXN0LXJhdGVzLWhpZ2hlci1sb25nZXIvNzM2ODM1NTgwMDcvVwNzcGNCCmZGi2dGZk9FaKxSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) Fed Chair Jerome Powell warns it may take longer than expected for high interest rates to lower inflation. Despite a recent slowdown in job growth, Powell doesn’t anticipate an earlier rate cut. He maintained the labor market is still strong, and emphasized the need for patience. 🕹️ [GameStop’s stock surge continues, punishing short sellers.](~/AAQRxQA~/RgRoKOyLP0RbaHR0cHM6Ly93d3cuZm94YnVzaW5lc3MuY29tL21hcmtldHMvZ2FtZXN0b3BzLXN0b2NrLXN1cmdlLWNvbnRpbnVlcy1wdW5pc2hpbmctc2hvcnQtc2VsbGVyc1cDc3BjQgpmRotnRmZPRWisUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) GameStop’s stock price is soaring again, fueled by a social media comeback from popular retail investor “Roaring Kitty” after a long hiatus. This has triggered buying sprees in other heavily shorted stocks like AMC and Beyond Meat. Porch pirates are stealing your packages right from your door. Here’s what to do [Porch Pirates](~/AAQRxQA~/RgRoKOyLP0SfaHR0cHM6Ly9tb25leS5jb20vcG9yY2gtcGlyYXRlLXRyZW5kcy1ob3ctdGhpZXZlcy1hcmUtdXBwaW5nLXRoZWlyLWdhbWUtaW4tMjAyNC8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTg1VwNzcGNCCmZGi2dGZk9FaKxSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) Money; Getty Images Neighborhood thieves are getting smarter, using online communities to track deliveries and working in teams to steal packages more efficiently. To avoid becoming a victim, take precautions like in-store pickup, signature confirmation, and security cameras. [Read more.](~/AAQRxQA~/RgRoKOyLP0SfaHR0cHM6Ly9tb25leS5jb20vcG9yY2gtcGlyYXRlLXRyZW5kcy1ob3ctdGhpZXZlcy1hcmUtdXBwaW5nLXRoZWlyLWdhbWUtaW4tMjAyNC8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTg1VwNzcGNCCmZGi2dGZk9FaKxSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) 🦞 [Red Lobster closing dozens of locations as bankruptcy possibilities loom.](~/AAQRxQA~/RgRoKOyLP0RyaHR0cHM6Ly93d3cuZm94YnVzaW5lc3MuY29tL2ZveC1uZXdzLWZvb2QtZHJpbmsvcmVkLWxvYnN0ZXItY2xvc2luZy1kb3plbnMtbG9jYXRpb25zLWJhbmtydXB0Y3ktcG9zc2liaWxpdGllcy1sb29tVwNzcGNCCmZGi2dGZk9FaKxSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) Struggling seafood chain Red Lobster is closing at least 48 locations. The closures come amid financial difficulties and rumors of a potential bankruptcy filing. California, Florida, Colorado, and Maryland are among the hardest-hit states. 📺 [Comcast plans streaming bundle with Netflix and Apple TV+.](~/AAQRxQA~/RgRoKOyLP0RgaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyNC8wNS8xNC9idXNpbmVzcy9tZWRpYS9jb21jYXN0LXN0cmVhbWluZy1idW5kbGUtbmV0ZmxpeC1hcHBsZS10di5odG1sVwNzcGNCCmZGi2dGZk9FaKxSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) To compete with other streaming options, Comcast is launching a discounted bundle called StreamSaver. This bundle will include their Peacock service alongside Netflix and Apple TV+. Unlike past offerings, StreamSaver will be a single discounted package. Here are the 10 most expensive states for home insurance [Expensive](~/AAQRxQA~/RgRoKOyLP0SbaHR0cHM6Ly93d3cubWlhbWloZXJhbGQuY29tL21vbmV5L2hvbWUtaW5zdXJhbmNlLW1vc3QtZXhwZW5zaXZlLXN0YXRlcy0yMDI0Lz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlODVXA3NwY0IKZkaLZ0ZmT0VorFIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) Getty Images Home insurance costs are expected to rise again in 2024, with the national average reaching $2,500. This increase is blamed on rising construction costs and extreme weather events. Louisiana is projected to have the biggest jump, at 23%, but Florida will remain the most expensive state at nearly $12,000 annually. [Read more.](~/AAQRxQA~/RgRoKOyLP0SbaHR0cHM6Ly93d3cubWlhbWloZXJhbGQuY29tL21vbmV5L2hvbWUtaW5zdXJhbmNlLW1vc3QtZXhwZW5zaXZlLXN0YXRlcy0yMDI0Lz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlODVXA3NwY0IKZkaLZ0ZmT0VorFIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) 🛠️ [Home Depot’s sales continue to soften in 2024 as inflation, delayed start to spring weigh on sales.](~/AAQRxQA~/RgRoKOyLP0RsaHR0cHM6Ly9hYmNuZXdzLmdvLmNvbS9CdXNpbmVzcy93aXJlU3RvcnkvaG9tZS1kZXBvdHMtc2FsZXMtY29udGludWUtc29mdGVuLTIwMjQtaW5mbGF0aW9uLWRlbGF5ZWQtMTEwMjA2Nzg5VwNzcGNCCmZGi2dGZk9FaKxSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) Home Depot’s sales are down for the third quarter in a row, hit by inflation, high mortgage rates, and a delayed spring. Customers are spending less and taking on fewer big remodeling projects. Despite the slowdown, Home Depot maintains its full-year growth forecast. 📱 [T-Mobile’s new ‘Flex’ plans bring phone upgrades to prepaid subscribers.](~/AAQRxQA~/RgRoKOyLP0ROaHR0cHM6Ly93d3cudGhldmVyZ2UuY29tLzIwMjQvNS8xNC8yNDE1NjI1Ni9tZXRyby10LW1vYmlsZS1mbGV4LXByZS1wYWlkLXBsYW5zVwNzcGNCCmZGi2dGZk9FaKxSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) T-Mobile’s prepaid brand is launching new “Flex” plans with phone upgrades for existing customers. These plans offer unlimited data, talk, and text, with varying amounts of hotspot data and bonus features like Google One and Amazon Prime (on the most expensive plan). Smart Money Move Don’t let debt weigh you down — there’s a way out [Debt] [Debt](~/AAQRxQA~/RgRoKOyLP0R3aHR0cHM6Ly9zZWN1cmUubW9uZXkuY29tL3ByL2FkYWU5MTZiODQ2OD94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlODNXA3NwY0IKZkaLZ0ZmT0VorFIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) Feeling crushed by debt? Debt relief companies could help you breathe easier. They can work with you to find potential solutions for your financial situation, including negotiating with creditors to reduce your debt. Check out Money’s Best Debt Relief list to find options with free consultations and zero upfront fees. [View Money’s list of the Best Debt Relief Companies and take charge of your finances](~/AAQRxQA~/RgRoKOyLP0R3aHR0cHM6Ly9zZWN1cmUubW9uZXkuY29tL3ByL3A2OTE1ODdmNWIxMD94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlODVXA3NwY0IKZkaLZ0ZmT0VorFIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) Stories we’re reading this week - [Thousands of Social Security Recipients Will Soon Qualify for Bigger Payments](~/AAQRxQA~/RgRoKOyLP0SOaHR0cHM6Ly9tb25leS5jb20vc29jaWFsLXNlY3VyaXR5LXNzaS1jaGFuZ2UtaW5jcmVhc2UtcGF5bWVudHMvP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU4NVcDc3BjQgpmRotnRmZPRWisUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) - [Biden Hits Chinese Electric Vehicles, Chips and Other Goods With Higher Tariffs](~/AAQRxQA~/RgRoKOyLP0RHaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyNC8wNS8xNC91cy9wb2xpdGljcy9iaWRlbi1jaGluYS10YXJpZmZzLmh0bWxXA3NwY0IKZkaLZ0ZmT0VorFIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) - [How Mental Health, Birth Order and Even Movies Can Shape Your Money Habits](~/AAQRxQA~/RgRoKOyLP0SAaHR0cHM6Ly9tb25leS5jb20vZmFjdG9ycy1pbmZsdWVuY2UtbW9uZXktaGFiaXRzLz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlODVXA3NwY0IKZkaLZ0ZmT0VorFIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) - [UK Mining Giant to Offload de Beers Diamond Business](~/AAQRxQA~/RgRoKOyLP0QuaHR0cHM6Ly93d3cuYmJjLmNvbS9uZXdzL2FydGljbGVzL2M4OHp6NTVwNXE3b1cDc3BjQgpmRotnRmZPRWisUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) - [How Much Are Airline Rewards Really Worth? Biden Admin Probes Credit Card Programs](~/AAQRxQA~/RgRoKOyLP0SiaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL21vbmV5L2FpcmxpbmUtY3JlZGl0LWNhcmQtcmV3YXJkcy1iaWRlbi1zY3J1dGlueS8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTg1VwNzcGNCCmZGi2dGZk9FaKxSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) - [Don’t call them DINKs. Many childfree adults are ALICEs](~/AAQRxQA~/RgRoKOyLP0RqaHR0cHM6Ly93d3cuYnVzaW5lc3NpbnNpZGVyLmNvbS9nb3Zlcm5tZW50LWFzc2lzdGFuY2UtZm9vZC1zdGFtcHMtc25hcC1kb2VzbnQtaGVscC1sb3ctaW5jb21lLWRpbmtzLTIwMjQtNVcDc3BjQgpmRotnRmZPRWisUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) - [Federal Student Loan Interest Rates Are About to Increase](~/AAQRxQA~/RgRoKOyLP0SjaHR0cHM6Ly93d3cubWlhbWloZXJhbGQuY29tL21vbmV5L2ZlZGVyYWwtc3R1ZGVudC1sb2FuLWludGVyZXN0LXJhdGVzLWluY3JlYXNlLTIwMjQvP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU4NVcDc3BjQgpmRotnRmZPRWisUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) The Money Section is written in partnership with Money Research Collective This email was sent to {EMAIL} because you are signed up to receive The Money Section from The Charlotte Observer. If you no longer wish to receive emails of this type, you may [update your email preferences](~/AAQRxQA~/RgRoKOyLP0R1aHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL25ld3NsZXR0ZXJzI3VzZXJJZD0zMjU0ZmI5ZGZjZDhjNjJmZjA2N2Y5NDQ4ZDNiN2ZhZmMyZTBmYTgyMDhmMmNhYzA4M2RiODU3ZGFmNjA5NmViVwNzcGNCCmZGi2dGZk9FaKxSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~). We are unable to monitor replies to this email. Please [contact customer service](~/AAQRxQA~/RgRoKOyLP0QzaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL2N1c3RvbWVyLXNlcnZpY2UvVwNzcGNCCmZGi2dGZk9FaKxSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) if you have any questions or concerns. [Privacy Policy](~/AAQRxQA~/RgRoKOyLP0RCaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL2N1c3RvbWVyLXNlcnZpY2UvcHJpdmFjeS1wb2xpY3kvVwNzcGNCCmZGi2dGZk9FaKxSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) | [Terms of Service](~/AAQRxQA~/RgRoKOyLP0REaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL2N1c3RvbWVyLXNlcnZpY2UvdGVybXMtb2Ytc2VydmljZS9XA3NwY0IKZkaLZ0ZmT0VorFIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) Copyright © 2024 The Charlotte Observer. All Rights Reserved. 9140 Research Drive, Charlotte, NC 28262 ~/AAQRxQA~/RgRoKOyLP0QjaHR0cHM6Ly93d3cudHdpdHRlci5jb20vdGhlb2JzZXJ2ZXJXA3NwY0IKZkaLZ0ZmT0VorFIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO ~/AAQRxQA~/RgRoKOyLP0QtaHR0cHM6Ly93d3cuZmFjZWJvb2suY29tL3RoZWNoYXJsb3R0ZW9ic2VydmVyVwNzcGNCCmZGi2dGZk9FaKxSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~ ~/AAQRxQA~/RgRoKOyLP0QraHR0cHM6Ly93d3cuaW5zdGFncmFtLmNvbS9jaGFybG90dGVvYnNlcnZlclcDc3BjQgpmRotnRmZPRWisUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~

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