Alabama Governor Robert Bentley has admitted that the home insurance sector in the state badly needs some reforms and one area that needs to be addressed immediately is the discrepancy in the insurance prices across various regions of the state. More specifically, the greatest of the discrepancies exists between the rates levied on coastal homeowners […]
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RSS feed for this sectionSouth Carolina Homeowners Have to Contend with Weak Insurance Regulations
South Carolina homeowners have to not only contend with tax hikes and fuel price rises but also a body of weak insurance regulations in their state that inconvenience them and also sometimes compel them to pay out premium amounts that are hardly justified. The Department of Insurance in South Carolina surely needs to look into […]
Florida Senate Bill Overhauling Citizens Property Insurance Corp. may have Far-Reaching Effects
The home insurance industry in Florida is staring at some major upheavals. According to the Tampa Bay Times, the Senate has passed a bill that will majorly impact home insurance policy activities of the state-run Citizens Property Insurance Corp. and may have far-reaching effects across diverse groups in the economy. By the Numbers According to […]
Is Force-Placed Insurance On its Way Out?
A recent piece of news has had Georgia homeowners and prospective home buyers sit up and take notice. According to The New York Times, the federal and state housing regulatory have swooped down on a long-standing practice called the force-placed insurance and are toying with the idea to trim the fees that banks charge insurance […]
Is My Home Covered for Damages from an Explosion?
The calm of West, a small town in Texas, was recently shattered by an explosion in a fertilizer plant. It was a huge explosion that flattened the factory and badly damaged homes for miles around. Sadly, lives were also lost in the incident. Although the authorities are yet to confirm if the explosion was an […]
Making Sense of the Hullaballoo Around Home Value Protection Insurance in Georgia
It banged loudly to be let in. It screamed for attention and managed to hog the headlines whilst it was around. And then it sank almost without a whimper. Many market watchers, financial pundits, and industry analysts hailed Home Value Protection as the most innovative and considerate home insurance product to have hit the market […]
How do Flood Incidence Rates Affect Home Insurance Prices in Georgia?
The burgeoning economy of Georgia buoyed by the many Fortune 500 and 1,000 companies in the state that employ millions of people and a thriving industrial and agricultural scene, a military presence evident in the army, navy, and air force installations scattered all over the state, and a superlative healthcare system that spreads even to […]
Are You Eligible to Receive a Home Insurance Rate Discount in Georgia?
This is one question that almost all Georgia homeowners have on their lips nowadays. And it is not at all surprising considering that their houses are most likely their single biggest investment till date. The ever-rising prices of gasoline and the burgeoning tax rates mean that the dollar today goes far less the distance than […]
Factors that Have Triggered Hikes in Georgia Home Insurance Rates: Climate and Roofing Fraud
Homeowners in Georgia are having a tough go in the last few years. In the recent past, home insurance rates in Georgia have increased by leaps and bounds and two factors that have largely triggered these hikes are the state’s peculiar climate and a flurry of roofing frauds. A discussion below delves into the curious […]
Developments in the Home Insurance Market in Georgia in the Past Year
Homeowners in Georgia always have a keen eye turned towards the developments taking place in the insurance market. After all, their homes are most likely their most valuable material asset. The developments that take place in the home insurance market during a certain time period usually are precursors to how things will shape up in […]