Homeowners in Florida can look forward to yet another year of insurance increases in the Sunshine State according to a new Value Penguin article. Insurers have already started filing rate increase requests for 2021. Allstate has requested a 13.8 percent rate increase for the new year and other insurers are sure to follow shortly. Florida […]
Smart home devices have taken off in recent years and many homeowners are using them to help protect their home as well as make life a bit easier. These devices can monitor your home for not only intruders but water leaks, freezing temperatures and smoke and carbon monoxide. As smart devices have become more common, […]
Wildfires have ravaged California this year which is leading to hundreds of thousands of residents not being able to find homeowners insurance or if they do, it is an expensive bare-bones policy. Many homeowners have been dropped by their regular insurance company as insurers pull out of the market in certain areas. The problem is […]
A recent Deloitte study found that while consumers remain fairly conservative when it comes to changes in consumer insurance products, they are also open to change, especially ones that give them more flexibility in coverages. The survey queried 1,000 U.S residents about the types of auto, home, and renters’ insurance concepts they’d prefer as well […]
Homeowners in Central Florida will most likely be seeing higher property insurance premiums next year, these increases are the result of a record hurricane season as well as lawsuits. Insurers have requested rate increases from the Florida Office of Insurance Regulation (FOIR) that exceed 30 percent for next year. This year, the skyrocketing premiums are […]
Angry Florida homeowners have seen shocking increases to their homeowner insurance costs over the last year and are now putting pressure on state lawmakers to step up and help lower the sky-high cost of property insurance in the Sunshine State. Property owners have seen premium hikes as high as 30% to 40% at policy renewal. […]
North Carolina Insurance Commissioner Mike Causey recently announced that the North Carolina Rate Bureau (NCRB) has requested a 24.5% statewide average increase in homeowners’ insurance rates which will take effect in August 2021. The NCRB is an industry group that represents insurance companies that write insurance policies in North Carolina, it is not a part […]
On September 9 2020, a thick orange haze above San Francisco, CA from wildfires. This photo is a daytime view of ash and smoke floating over the Bay Area. Recently, the California Department of Insurance released a list of 518 zip codes within or adjacent to this year’s wildfires where insurance companies are no longer […]
Like most scams, insurance scams are designed to separate you and your money. Even if you have never been the victim of insurance fraud, you are probably paying for it via a higher premium. According to the Federal Bureau of Investigation, the average U.S. family pays between $400 and $700 per year in increased insurance […]
Many homes destroyed in central Texas flooding due to severe weather. As climate change starts to take its toll on the environment, it is beginning to impact homeowner’s insurance. If you were recently dropped by your insurance company or have seen a dramatic increase in your homeowners premium, you are not alone and there is […]