Homeowners insurance can be a financial lifesaver if your home is damaged or destroyed by a covered peril. However, once you make a claim on your policy, there is a good chance that your premium will be headed up. It is always a good idea to understand what happens after you file a claim and […]
In another twist to the insurance nightmare in Florida, it is possible that Florida homeowners will be facing another insurance increase. Recently, the Florida Insurance Guaranty Association (FIGA) issued an emergency assessment fee of 1%, which will result in some homeowners facing an increase starting October 1. The new increase was requested by FIGA and […]
According to a new report by online marketplace Insurify, average homeowner insurance premiums are headed up again in 2023. The report predicts that the average cost of homeowners insurance could jump up 9% which translates into about $150 increase for most homeowners. The pain will not be distributed equally, homeowners in some states will see […]
The recent severe weather that hit Florida should be a reminder that the Sunshine State is moving into storm season. This means it’s time to prepare your home and batten down the hatches to help prevent damage from Spring storms. Experts from AAA recently offered tips on how to prepare for severe weather as well […]
The quick answer to the question “is foundation damage covered by your homeowners insurance” is yes. In most cases any damage to your foundation would be covered unless it is specifically excluded in the policy wording. It should be noted that damage from flooding or earthquakes is almost always excluded from a standard homeowner’s insurance […]
A bill that is heading to Gov. Ron DeSantis’ office for a signature may make it harder for homeowners to sue over construction defects they find in their Florida homes. Senate Bill 360 is being touted by insurance companies and builders as necessary while personal injury lawyers and some in the legal community fear it […]
While water may seem harmless in most circumstances, particularly at low volume, if it manages to get into your carpet, drywall, or basement it can do massive and expensive damage. If you are wondering if homeowners insurance covers water damage, you are not alone and in most cases, the answer is yes but there are […]
Regardless of whether you live in a townhome, a single-family home or a condo there is the possibility that your property is part of a homeowners association (HOA). An HOA is simply an association based in your neighborhood that is responsible for overseeing the maintenance of common areas, certain amenities, and services in your neighborhood. […]
The cost of homeowners insurance has risen over the last few years due to a wide variety of factors that include rising inflation, labor shortages, and supply chain delays. This means that shopping your coverage on a regular basis is even more important. If you find a better deal you will need to switch insurers […]
Retirement will impact your financial portfolio in number of different ways. Moving stock market assets to less risky funds, possibly downsizing into a smaller home and reassessing your insurance needs are all things you should consider when it is time to leave the workforce. We thought it would be a good idea to have a […]