The Atlantic coast may see a busier than normal hurricane season this year and if coastal property owners have an issue paying their insurance premiums, leading to cancellations, the economic toll from a major hurricane could become much worse. As an example, in 2017, Hurricane Harvey flooded 204,000 homes and apartments which caused roughly $16 […]
As mortgage rates slide to their lowest levels in years, many experts are recommending that homeowners consider refinancing their homes. The thirty-year fixed-rate mortgage is now averaging less than 3 percent in many areas, which could offer major savings to homeowners carrying higher interest rates. A new report from Fannie Mae, says the majority of […]
Home Insurance adjuster examining flood damage in the aftermath of Hurricane Sandy on November 11, 2012 in Far Rockaway, NY Floods are both the most common and most expensive natural disaster that hit the United States. According to the Federal Emergency Management Agency (FEMA), flood damage ends up costing an average of $8.2 billion every […]
Within the United States, flooding is the most expensive natural disaster with cost over $1 trillion in inflation adjusted dollars since the year 1980. According to new calculations, the flood risk across many states in the country is far greater than current government estimates show. This threat could grow as climate change gets worse. First […]
As COVID-19 continues to spread across the country, many vacationers are still skeptical of airlines and hotels which has led many of them to rent an RV to get in their vacation time this year. It turns out they are not alone, RV rentals are booming this year and National Geographic recently dubbed 2020 “the […]
According to the most recent data, roughly 4.75 million homeowners are in forbearance and more than 41 million Americans have filed for unemployment which makes it hard for many homeowners to keep up with some expenses related to their home such as property taxes and homeowner insurance. All of the uncertainly has led to increased […]
Spring usually kicks off the summer season of real estate activity as homeowners put their houses on the market. However, this year may be a bit different thanks to the varying degrees of lockdown being enforced around the country. This can shut down open houses and even make individual showings difficult. The National Association of […]
As protests have turned into riots, vehicles, homes and businesses have been damaged or looted. If your home, car or business has been damaged due to violence by looters, protesters or even the police, you may be wondering if the damage is covered by your insurance. Luckily, in most cases, damage caused by rioting is […]
As more businesses shut their doors forever due to fallout from coronavirus, you may be concerned that your insurer could eventually go bankrupt. Luckily, insurance companies are regulated at the state level and all 50 states have systems in place to help protect policyholders if their insurer ends up going out of business. Let’s have […]
As unemployment rates continue to rise, many Americans are having a difficult time paying their mortgage. In many cases, lenders are offering assistance to their customers, making it possible to defer your mortgage payment. The process may vary depending on your lender, so it makes sense to ask questions and fully understand the process and […]