Congress is getting ready to send President Donald Trump the thirteenth 60-day extension of the National Flood Insurance Program (NFIP) as the current one expires at the end of September. The NFIP has been in serious financial trouble for years but Congress has been unable to agree on how to fix the ailing program. The […]
North Carolina residents won’t have to worry about homeowner insurance rates going up, at least for a bit longer. North Carolina’s insurance Commissioner, Mike Causey has decided to extend the hearing scheduled for the proposed statewide increase from Sept. 4, 2019, to Oct. 2, 2019. The hearing is to discuss the proposed statewide average increase […]
Unfortunately, many homeowners never read their policies and are unaware of what is covered and even more importantly, what is not covered. The storm season is well under way and has already delivered some severe damage to numerous locations. When a severe storm hits, most homeowners want to know if their homeowners insurance policy will […]
Have your realtor show you comps in your neighborhood to make sure you are not overpricing your home as this can lead to it sitting on the market and becoming a stale listing. Selling your house can be exciting and a new chapter in your life but it is also a lot of work and […]
Finally, some good news for Florida homeowners when it comes to the cost to insure their homes. Sunshine State residents have seen their insurance premiums go up dramatically over the last decade. In fact, according to Insurance.com, Florida has the most expensive homeowners insurance premiums in the country with an average premium of $3,575. If […]
Even if you live outside of a high-risk flood zone you should consider flood coverage. According to government statistics, over 20 percent of flood claims come from properties outside of high-risk flood zones. Spring is here which brings flood danger to many parts of the country. If you live in an area where flooding is […]
Texas homeowners may have a new option when it comes to flood insurance. While flood coverage is always excluded from a standard homeowners policy, the Woodlands Insurance Co. which is located in Woodlands, Texas is offering a Texas homeowners policy that includes flood insurance coverage to all households that qualify. The coverage can vary depending […]
A recently added amendment to the Florida State House assignment of benefits (AOB) reform bill would prevent Citizens Property Insurance Corp. from raising rates unless they pass the savings from AOB reform along to their customers. “We are consistently told that AOB reform is necessary and will halt skyrocketing insurance costs in some areas and […]
While the assignment of benefits (AOB) form is a pretty standard practice in the United States insurance industry, rampant fraud in Florida has led to a shocking increase in the number of AOB filings over the past decade. An AOB contract signs over your insurance benefits to a third party such as a contractor or […]
This winter has been tough for many cities and states. Artic weather has led to record cold and snowfall in many places. Now that spring is on the way and the snow is starting to melt, the runoff could lead to flooding in many locations. If you are not protected by flood insurance, the cost […]