Nearly 2.5 million US householders failed to have their property policies renewed this year, and the Independent Insurance Agents & Brokers of America (IIABA) says it’s becoming a common trend.

The huge intermediary association has found an unlikely ally in insurers after calling on householders to try more domestic risk management: the insurers.

Claiming that capacity is reducing and double-digit premium rises are becoming more common, the IIABA said claims control measures, sticking with one insurance company and bundling products are just a few of the ways people can help themselves.

Alliance of American Insurers official Rey Becker said a turnover of 2.5 million policies constitutes only 3.4 percent of the 72.6 million owner-occupied homes in the US.

“As to homeowners insurance premium increases over the past two years, it is a matter of public record that insurers faced significant natural catastrophe and mould-related losses – as well as the aftermath of 9/11 – that had to be addressed.”

But he agreed with the IIABA’s sentiments that consumers should not feel helpless if they lose their insurance. “They can affordably protect themselves and their homes even in this difficult market.”

Some of the insurers’ risk management tips: install security systems and smoke alarms, and get rid of pools, trampolines and vicious dogs.