Home Insurance Market Growth Forecast 2028 By Size, Share, Trends
Increasing urbanization and homeownership and rising demand for customized insurance products are factors driving the global home insurance market in the forecast period 2024-2028. According to TechSci Research report, “ Global Home Insurance Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028 ”, the Global Home Insurance Market stood at USD 231.24 billion in 2022 and is anticipated to grow with a CAGR of 8.34% in the forecast period, 2024-2028. Global home insurance, also known as homeowners' or property insurance, is a vital financial protection policy that covers homeowners against a wide range of risks associated with residential properties worldwide. It provides coverage for property damage from perils like fire, theft, natural disasters, and accidents. Additionally, it offers liability protection in case of injuries or damages to others on the property. Global home insurance is essential for safeguarding homeowners' investments and finan...