Homeowner Insurance: A Growing Nightmare for Retirees—Can HELOC Offer a Way Out?
Homeownership is the American Dream as it represents stability, independence, and financial security. However, this dream is turning into a nightmare for many retirees because of the high costs of Homeowner Insurance (HOI). It isn’t wrong to say that HOI costs even spirals out of control. Therefore, we can say that once manageable expenses have now turned into an overwhelming financial burden. It can even threaten carefully planned retirement. However,…