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Insurance companies want to hike rates for rental and investment properties by nearly 50% statewide, but a lot more at the coast. Why? Blame climate change and rapid growth  If you own a second home at the beach or an investment property, prepare to take another hit in the pocketbook.
Less than eight months after raising insurance rates on rental properties by a statewide average of nearly 10%, the group that represents the state's insurance industry wants to increase the cost of new and renewing policies by more than half starting next summer. Continue to read this article by Gareth McGrath USA TODAY NETWORK HERE
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