Destin, FL (PRWEB) September 12, 2007 -- Home owners insurance is becoming more difficult to get for many home owners, if they can get it at all amid rising insurance rates with less coverage. A national insurance crisis has developed as a result affecting many states, and the problem is only getting worse.

In a Special report, Housing Predictor outlines the insurance crisis and provides a step-by-step "How to Guide" to help consumers get the least expensive homeowners insurance policy with the most coverage. Housing Predictor forecasts more than 250 local housing markets futures in all 50 states.

The insurance crisis is a growing epidemic amid insurance companies record all time high profits. The industry netted $58-billion in profits last year and has canceled coverage on tens of thousands of homeowners in more than ten states, including Florida, where many companies have either stopped writing policies or have pulled out all together because of reported fears of more possible hurricanes that could cause higher pay-outs.

The crisis has also grown into the northeast in New Jersey, Rhode Island and New York and even affects western states, including earthquake-prone California and Washington. The problem has resulted in many homeowners being forced to sell their homes or to be foreclosed by lenders. The growing insurance crisis is quietly being suffered by hundreds of thousands of homeowners.

Congress has held hearings over the crisis and is considering a federal catastrophic insurance fund for major disasters, but has failed to yet come up with any solutions to help those suffering from the crisis. In the mean time housing prices are being influenced, losing value in many states markets.

Laws to regulate home owners insurance rates are in affect in nearly all states, but in many cases the government regulatory agencies empowered to control the industry have failed and the industry continues to make record profits. In most states insurance companies will not continue to write policies unless the companies can at least net 40% profit annually. The state laws written to protect the public are not working.

Housing Predictor is a growing resource for consumers, and is regularly consulted by Wall Street investment firms, real estate companies, mortgage companies and local governments for its forecasts, which may be found with real estate listings, including foreclosures at http://www.housingpredictor.com.

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