Home insurance costs have soared for Americans in the most disaster-prone areas in recent years.
Those in the most risky zip codes pay 82% higher premiums than those in low-risk areas, the Treasury said.
More Americans are also increasingly faced with a lack of coverage, the department said.
Home insurance has become increasingly unaffordable—or even inaccessible—for Americans living in areas most vulnerable to climate disasters, according to a recent report from the US Treasury Department.
The report found that for those living in the top 20% of zip codes for expected annual climate-related losses, annual home insurance premiums averaged $2,321 between 2018 and 2022.