When you travel, do you bring all your credit cards with you, or leave some home? One couple was almost stranded overseas because they didn't take a certain card with them on their trip.

The cost of home insurance is soaring, far exceeding the rate of inflation. As a result, millions of homeowners are cutting back on coverage or going without it, putting their finances at risk. The Federal Reserve estimates that seven percent of American homeowners didn’t have insurance last year; 43 percent of that group said they couldn’t afford a policy. It’s easy to see why: The average annual premium for a policy for someone with mid-range credit and a house that would cost $350,000 to rebuild is now $3,303, according to a recent report from the Consumer Federation of America (CFA). While inflation rose 11 percent from 2021 to 2024, the average homeowners' insurance premium increased by $648, a 24-percent rise, CFA’s report noted. In some states, the rate hikes in 2024 were significantly higher: Utah (59 percent), Illinois (50 percent), Arizona (48 percent), and Pennsylvania (44 percent). -------------------------------------------------- For more on the story: https://komonews.com/news/consumer/consumer-checkbook-california-wildfires-home-insurance-crisis-soaring-premiums-and-inadequate-payouts-for-damage-claims _______________ Stay up to date with our social media: KOMO News on Facebook: https://www.facebook.com/KOMONews/ KOMO News on Twitter: https://twitter.com/komonews KOMO News on Instagram: http://instagram.com/komo4 KOMO News on TikTok: https://www.tiktok.com/@komo4seattle Subscribe to KOMO on YouTube: https://www.youtube.com/channel/UC__2_0RJ8XnHt2angfw6S1Q/?sub_confirmation=1 Watch more top local news stories: https://www.youtube.com/watch?v=G97AyNO_3IE&list=PLZm7uq7_dyY6qhFFIwgXRvYpkaOnZEabc&index=2&t=0s For all of the day’s top local and national news, visit http://www.komonews.com/ Watch our live newscasts and other live video at https://komonews.com/watch Download our iOS App: https://itunes.apple.com/us/app/komo-news-mobile/id433508161?mt=8 Download our Android App: https://play.google.com/store/apps/details?id=com.newssynergy.komo&hl=en Have a news tip? Send it directly to us: Email us: [email protected] Call the Newsroom: 206.404.4000 KOMO News (ABC 4) provides the latest breaking news, sports, weather, traffic, and local event coverage in the Seattle and Western Washington/Puget Sound area, including Bellevue, Redmond, Renton, Kent, Tacoma, Bellingham, Yakima, and surrounding communities. Tune into ARC Seattle Monday-Friday 7-10 a.m. and 10-11 p.m. on KUNS, The CW Network. #komo #komonews #komo4 #komo4news #seattle #seattlenews #washingtonnews The insurance industry attributes skyrocketing premiums to more frequent climate-related disasters, rising material costs, high labor costs, and increased litigation. Consumer advocates say corporate greed and lax oversight at the state level are also to blame. This video and all Sinclair Broadcast Group content archives of local news and sports coverage are available for your use. For more information, contact us at [email protected]

Nick talks with Herb Weisbaum about insurance, airline protections, and Amazon’s settlement, then Tom Appel covers EV tax credits and classic cars.

We have an important alert for airline travelers. Besides your Real ID or passport, there is something you need to take with you to avoid problems.

Jill and Tom welcome the ConsumerMan Herb Weisbaum to the show. Herb shares news and pointers regarding buying car insurance, and knowing how much insurance you need.

ConsumerMan Herb Weisbaum joins the show to break down what the end of airline passenger protections could mean for travelers — from refunds and delays to basic rights in the air. What should passenge...

New analysis from the Federal Trade Commission shows a more than four-fold increase since 2020 in reports from older adults who say they lost $10,000 or more—sometimes their entire life savings—to

YouTube video by The ConsumerMan, Herb Weisbaum