Your home is usually your most valuable asset and protecting it with insurance is a necessity. However, homeowners insurance can be confusing and understanding the various components is important to make sure you are fully protected. Here are a few things to look at when shopping for an insurance policy: Replacement Vs. Actual Cash Value […]
According to the J.D. Power 2020 U.S. Property Claims Satisfaction Study, customer satisfaction with the homeowners insurance claim process has hit a record high after years of improvements over the last decade. The claims process is an important component of the homeowners insurance experience and if it goes badly it can result in an unhappy […]
Closing costs are part of any real estate deal and something that you need to budget for before signing on the dotted line. Understanding what closing costs entail will make budgeting for your home purchase much easier. Closing costs includes a variety of expenses that go above and beyond the purchase price of the property […]
Another sign of Florida’s troubled property insurance market popped up this week as Windhaven Insurance alerted employees and agents that it is winding down and its assets are being foreclosed on by their lender who will eventually sell the company to another insurer. Windhaven’s problems extend beyond Florida, Windhaven National Insurance Co. which is a […]
Over the last 50 years, homeowners in Florida that needed a flood insurance policy had only one real options, purchasing coverage from the federal National Flood Insurance Program (NFIP). Florida residents were a big supporter of the NFIP, accounting for over a third of the policies being sold. However, due to changing flood maps, more […]
Buying a house is not just about putting a roof over your head, it is also an investment, the equity you build in the house over the years can end up being a significant portion of your financial well-being in the future. The process of buying a home can be a bit overwhelming, after all […]
Homeowners in Florida may be in for a price increase in 2020, despite the fact that lawmakers passed an assignment of benefits reform bill las year. Insurers are requesting major price increases this year, it looks like the prediction of higher insurance rates after Hurricane Irma is finally here. Executives from National Specialty Insurance Co., […]
Florida’s property insurance market hit a new snag this month as tens of thousands of people will be shifted to a different insurance company in the spring due to the insurers financial trouble. Insurance regulators announced on Monday that they had reached an agreement to move 43,000 policyholders from Anchor Property and Casualty Insurance Co. […]
Winter often brings heavy snow and strong winds which can damage or even knock down trees. If a tree comes down and damages your house, your homeowners insurance will step up to cover the damage, regardless of whether it was your tree or it came from your neighbor’s yard. A standard homeowners policy will cover […]
Great example of a walk-in pantry with butcher block countertops in an updated home in San Diego, California Whenever you purchase a home there are always going to be tradeoffs and choices that have to be made between what you want your home to look like and include as well as what you can affordable […]