The Tax Cuts and Jobs Act was signed into law on December 22, 2017 and rewrites large portions of the tax code for both businesses and homeowners. We thought we would take a look at how these changes will impact homeowners. This article is an overview of the coming changes and is in no way […]
It’s possible that the recent tax cut bill passed by Congress could end up lowering your insurance rates as well. Two separate consumer groups are calling for a premium cut for consumers and businesses across the nation. They are asking for an average 5% premium decrease because the new tax bill has slashed the corporate […]
There are few things worse than coming home to a room full of water thanks to a broken or leaking pipe. While your homeowners insurance policy will absolutely cover most sudden and unexpected water damage due to a plumbing malfunction or a broken pipe, if the damage occurred gradually due to a slow and constant […]
As the new year takes off, insurance companies do not seem confident that Florida lawmakers will be able to pass legislation that will help fight insurance fraud, which is currently the insurance industry’s most important issue. So far a solution to the problem has eluded Florida lawmakers mainly because insurance companies and trial lawyer groups […]
Homeowners in North Carolina recently received a temporary reprieve from the requested 18.7% increase for homeowners rates. The insurance Commissioner, who has final say on rate hikes rejected the rate increase that had been made by insurance companies writing policies in the state. While the Insurance Commissioner rejected the 18.7% increase, it may just be […]
The new republican tax plan may have an impact on your homeowners insurance that you should be aware of, in fact if your home is destroyed by fire, flood or other covered perils next year you will most likely not be able to claim the losses on your taxes. The Tax Cuts and Jobs Act, […]
Residents of the Sunshine state who use the state created insurance company Citizen Property Insurance to insure their property will be seeing on average a 6.6 percent increase in their multi-peril coverage next year. In some areas, the increase could be much higher. The rate increase has been pushed back three months to May 1st […]
There are plenty of ads on TV touting the benefits of a reverse mortgage, you can access the equity in your home while still living in it, allowing you to have a more financially exciting life. The ads claim the money can be used for travel, upgrades to your home or to simply supplement your […]
If you are considering putting your home on the market one thing you may be worried about is its condition. If it’s been a few years (or decades) since you have shown it some love and updated the interior or exterior you may be concerned that your house will show poorly and sit on the […]
It turns out that filing an insurance claim in Florida related to Irma is the easy part for many homeowners. Getting an adjuster to sign off on the final costs and locating a contractor to make the actual repairs is much harder. According to a recent article in the Sun Sentinel, one homeowner in Miami […]