Climate change increases property insurance costs by raising the frequency and severity of natural disasters like hurricanes, wildfires, and floods, leading to higher claims. Insurers adjust premiums to cover rising risks, and some areas become uninsurable due to extreme weather exposure. Reinsurance costs also rise, further driving up prices for policyholders. Stricter building codes and risk mitigation measures may be required, adding expenses. Additionally, inflation in construction and repair costs, driven by disaster-related demand, increases claim payouts, causing insurers to raise rates. Some companies withdraw from high-risk regions, reducing competition and forcing remaining insurers to charge more. Government intervention, like subsidized insurance programs, may offer temporary relief but can strain public funds. Ultimately, homeowners in climate-vulnerable areas face higher premiums, limited coverage, or policy cancellations, making property ownership more expensive and challenging. As climate risks intensify, these trends are expected to accelerate, reshaping the insurance industry and housing markets.