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With hurricanes, tornadoes and droughts, 2011 was one of the worst on record. Weather-related catastrophes caused almost $35 billion in insured damages and more than $70 billion in economic losses. As a result, homeowners will pay more for insurance this year.More On Saving Money:Calculate your budget planCreate a news alert for "smart spending" advertisementRelated Links:8 of the weirdest insurance policiesDo you need insurance for identity theft?4 routes to affordable mental health careRelated Articles:Hurricane prep for homesKeeping your money safeEngagement ring insurance
With hurricanes, tornadoes and droughts, 2011 was one of the worst on record. Weather-related catastrophes caused almost $35 billion in insured damages and more than $70 billion in economic losses. As a result, homeowners will pay more for insurance this year.
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Home insurance rates edged up 3.5 percent in 2014, auto insurance 2.1 percent, according to report.
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