Another Home Insurance Crisis Brewing? – NMP Skip to main content

Another Home Insurance Crisis Brewing?

Jul 07, 2025
Homeowners Delaying Major Repairs
ChatGPT / OpenAI
Staff Writer

Homeowners delaying major repair work — or doing the work themselves instead of hiring professional tradesmen

Homeowners are either postponing important maintenance on their properties or doing the work themselves, all because it is too expensive to do otherwise, according to a new survey of 1,000 owners.

The delays are quietly putting their homes and their values in danger, perhaps ushering in a new era of risk. Guardian Service, a company that helps homeowners shop for insurance coverage, calls it a “silent insurance crisis.”

The survey found: 

  • Nearly three out of every four owners polled are putting off renovations or repairs because of economic uncertainty; 
  • Nearly a third said they were willing to wait another two years if necessary to make major upgrades to things like leaky roofs and outdated electrical systems; and 
  • About one in eight are deferring such projects indefinitely. 

Home improvement budgets have been sliced, too, the pollsters found — on average by 42%. And when it comes to saving money, nearly two-thirds of homeowner respondents said they did the work themselves rather than hiring an expensive professional tradesman.

“DIY fixes aren’t a sign of resilience,” Guardian Services’ Kara Credle told National Mortgage Professional. “They’re a warning sign. With 62% of homeowners tackling critical repairs themselves, not by choice but necessity, it’s clear financial pressure is forcing risky workarounds that could cost more down the line.” 

Another revealing finding: Nearly one in four homeowners admitted they’ve avoided filing an insurance claim because they were afraid their home’s condition might trigger an inspection or even a denial — or worse, higher insurance premiums.

Yet, one in five respondents said they were not aware that putting off repairs could negatively impact their property’s value or insurability. But for some, the consequences are already hitting home: some 13% said they’ve had trouble renewing their coverage, while 11% were charged higher premiums because of damage or outdated features.

“The rising cost of living is affecting more than groceries and gas. It’s also impacting how Americans care for their homes,” Guardian Services’ report states. “With the majority delaying needed upgrades, and many unaware of the insurance implications, households may be risking more than they realize.”

Here, a little knowledge would go a long way, the company says. People need to know that some improvements like a new roof or safety-focused upgrades could actually lower their premiums, thereby reducing overall costs.

About the author
Staff Writer
Lew Sichelman has been covering the housing and mortgage sectors for 52 years. His syndicated column appears in major newspapers throughout the country.
Published
Jul 07, 2025
Stable Credit Scores Mask Growing Mortgage Affordability Divide

Average payments for first-time buyers have climbed 57% since 2019, while serious delinquency is becoming concentrated among lower-scoring borrowers

Aug 25, 2026
loanDepot Faces NYSE Warning Despite Turnaround Gains

The lender’s shares have traded below the exchange’s $1 threshold, putting a potential reverse stock split on the table

Aug 24, 2026
New-Home Mortgage Demand Slips Despite Widespread Builder Incentives

Applications fell 5.7% annually in July, while government-backed mortgages accounted for half of builder-affiliated loan volume

Aug 21, 2026
Fannie Mae Returns To Distressed-Loan Market With $214 Million Sale

The agency’s first nonperforming-loan offering in 13 months transfers 969 deeply delinquent mortgages to private buyers, including a small pool concentrated in Dallas-Fort Worth

Aug 20, 2026
Summer Rate Spike Knocks Pending Home Sales To Six-Month Low

Contract signings fell in every region during July, leaving purchase activity 30% below its 2019 level despite a larger workforce

Aug 19, 2026
Cash Sales Retreat, Giving Financed Buyers More Room To Compete

Cash transactions fell faster than the broader housing market in early 2026, but buyers without financing still accounted for nearly one-third of home sales

Aug 19, 2026