While the pandemic seems to be receding a bit in the U.S., it has left behind some massive damage, and in many cases, it has put a severe pinch on household budgets. Unemployment hit 14.8% at the peak which is the highest unemployment rate since Congressional Research Service began collecting data. If your budget has […]
This year President Biden is working to make flood insurance more affordable for low-income Americans. The recently released budget outlines a new program that would make $358 million available to support the effort next year. This money would be used to make flood insurance affordable for low-income families all over America. The program would help […]
According to the National Oceanic and Atmospheric Administration (NOAA), the 2021 hurricane season is expected to be above average, they are predicting 13 to 20 named storms, six to 10 hurricanes, and three to five storms that will end up being major hurricanes. Here are just a few of the common mistakes that homeowners make […]
While mortgage rates in the U.S. have been under 3 percent for a few months, there is a good chance they will be headed up later in the year. As unemployment rates have dropped and more Americans are being vaccinated the economy is expected to recover, which will likely lead to higher mortgage rates. If […]
Thinking about hitting the road and traveling the country in an RV for a few months or just going on the occasional weekend trip? Regardless of how you use it, you’ll need to insure your RV to be legal out on the road and to protect your investment. According to industry statistics, roughly 11 million households […]
An insurance binder is simply a temporary proof of insurance coverage while you are waiting for the formal issuance of a policy from your insurer. They often come into play when you are purchasing a new home and need to prove that you have the necessary insurance in place at closing. A binder is often […]
Sunset on Lake Martin, Breaux Bridge, Louisiana. Recently, a Louisiana bill that is designed to make it easier for private insurers to offer flood insurance in the state was sent back to the House to look at amendments that were added by the Louisiana Senate. The House Bill 577 was introduced by Rep. Scott McKnight, […]
In most cases, homeowners receive a renewal form from their insurance company a few months before the end of their policy term. In this case, the homeowner simply needs to review the information, sign the renewal, and send it back to sign up for another year of coverage. Unfortunately, some homeowners receive a non-renewal notice […]
An insurance deductible is simply the amount that you have to pay any time you make a claim on your policy before your coverage kicks in to cover the rest of the loss. Most types of insurance come with a deductible and the deductible amount can range as low as $100 well into the thousands […]
The Insurance Information Institute (III) recently released a new report entitled Flood: Beyond Risk Transfer. It predicts that major flood events will grow over the next 30 years, even though insurance and policymakers improve their abilities to reduce flood risks. “Our understanding of loss trends and expertise in assessing and quantifying risk must be joined at […]