Some Americans Put Their Home Insurance Policies at Risk By Delaying Repairs, Survey Finds

Inflation and rising prices are causing delays on maintenance tasks, possibly affecting home insurance coverage.

Woman scraping wall during home renovation
(Image credit: Klaus Vedfelt / Getty Images)

While many Americans are now up to date on their routine home maintenance work, many delayed making repairs and even necessary renovations in the last year to save money, a decision that puts their homeowners policies at risk, according to a recent survey by Nationwide.

The survey of 1,000 homeowners and 400 independent insurance agents conducted from May 15 to June 2, revealed that about 85% of homeowners say they are up-to-date on routine maintenance repairs and about 70% say they regularly perform routine tasks to prevent issues from occurring.

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Joey Solitro

Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. Joey holds a bachelor's degree in business administration.