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If you think the cost of buying a house has gotten high, buyers and homeowners are also grappling with surging costs to insure their properties—and some of the country’s wealthiest enclaves are feeling it more than others.
Home insurance rates have risen for homes in every sector nationwide, but luxury residences are seeing the greatest increases. According to The Wall Street Journal, which cited data from Citizens Financial Group, premiums for mortgage loans of over…
