Electric vehicles (EV) are gaining traction in the U.S. According to industry data, there will be almost 100 EVs in production by the end of 2024. The ability to refuel an electric vehicle at home is one of the major benefits of an EV, according to a recent J.D. Power study, the majority of EV […]
Even though sinkholes are relatively rare in the United States, when they do happen, the damage can be devastating. When it comes to sinkholes in the U.S., they are most common in the following states: AlabamaFloridaKentuckyMissouriPennsylvaniaTennesseeTexas Unfortunately, if you live in an area where sinkholes happen, you will need to add an additional policy or […]
Tropical Storm Henri hit the Northeast pretty hard over the last week and for many homeowners the pain caused by the storm could just be getting started. Unfortunately, many homeowners may be underinsured or not have the right coverage in place when it comes to tropical storm and hurricane damage. A recent study by Policygenius […]
Discovering termites in your home is never fun. These wood-eating insects cause around $5 billion in property damage every year and unfortunately this damage is not covered by homeowners insurance, except in rare cases. Homeowners insurance is designed to deal with sudden and unexpected losses and damage, termite damage, because it often happens over months […]
While having a swimming pool in your backyard is always fun, they can also be dangerous and if you are underinsured, you could end up covering the cost of injuries or legal bills out of pocket. According to CDC statistics, there are 3,960 fatal unintentional drownings in the U.S. every year which breaks down to […]
According to a recent report by Matic a leading insurtech platform, increasing homeowner insurance premium impact homeowners who have a FICO score below 580 disproportionally. In addition, senior homeowners are more likely to be overpaying for coverage. Matic, which launched in 2017 has been collecting and analyzing data as they have been selling home, auto […]
While just about every state in the country requires drivers to have car insurance to be legal out on the road, very few states require boat owner to carry boat insurance before they hit the water. Unfortunately, many boat owners mistakenly assume that homeowners insurance will help cover the costs related to a boating accident. […]
If you are starting a renovation or in the middle of a home improvement project you have probably been shocked by construction costs. Lumber, iron, steel as well as labor costs have been rising over the last year, pushing up the cost of home repairs as well as renovations. According to Verisk’s (ISO) most recent […]
A recent ValuePenguin survey found that homeowners living in hurricane prone areas are less prepared for the hurricane season then they claim. A whopping 84 percent of survey respondents claimed that they were prepared for the season, but 34 percent admitted that they haven’t even started getting supplies or prepping for the season at all. […]
If you are shopping for a new home, you should always check flood zone maps and ratings before putting in an offer to have a full understanding of the risks that your new home may face. A home located in a flood zone can be more expensive to insure as well as more likely to […]