Citizens Property Insurance has delayed the decision on their rate hikes for 2019 and is planning to hold public meetings to gather input on the assignment of benefits issue which many insurers claim is the main cause of rate hikes in recent years. Citizens President and CEO Barry Gilway announced Tuesday that the insurer is […]
The non-stop rains and massive flooding that was caused by Hurricane Florence is expected to take a major financial toll on homeowners that live in North Carolina and surrounding states due to the lack of flood insurance. Only a small percentage of homeowners in the area were carrying flood insurance that would help offset the […]
The latest estimates put the property damage totals from Hurricane Florence at $17 to $22 billion and unfortunately the pain is not going to stop there for many homeowners. The aftermath involves cleaning up, filing insurance claims and rebuilding or repairing their home and lives. Adding to the bad news is the fact that the […]
Hurricane Florence did a massive amount of damage to the Carolina’s and homeowners are just starting to dig through the aftermath. While insurance should help homeowners rebuild, a couple of state tax rules could help homeowners save a bit of money and get back on their feet quicker. Here are a couple of tips offered […]
According to a recently released J.D. Power survey, one in five consumers claim they would use Amazon or Google for their homeowners insurance. There are have been rumors that the two tech giants may be considering an entry or in the case of Google, a reentry, into the insurance market although neither has confirmed those […]
Over the last few years Colorado residents have seen their insurance rates headed up. According to industry data, rates for homeowners have gone up 67 percent while drivers have seen rates climb 52 percent. Unfortunately, due to three hailstorms that hit the Front Range recently, insurance costs could be going up again. The recent hailstorms, […]
A recent study by Clearsurance took a look at how happy homeowners are with their insurer and found that the residents of West Virginia were happiest when it came to their homeowners insurance while the people of Florida were the least happy. The scores were based on user reviews and ratings of their overall experience […]
Another historic year of wildfires and the incredible damage they do could make it harder for California homeowners to find affordable insurance or in some counties, any insurance at all. According to the California Department of Insurance, several major insurance companies have stopped writing new policies and are no longer renewing policies in the most […]
While cleaning up the mess at your home (assuming it is still standing) after a hurricane, tornado, wildfire or other natural disaster is always painful, there may be more agony lurking in the shadows. One of the major problems in the aftermath of a hurricane or wildfire is homeowners who were underinsured or did not […]
The 2017 hurricane season was one of the busiest and most destructive ones on record. There were 17 named storms that hit the coasts and caused roughly $282.16 billion in damage. If you were affected by one of these storms and not carrying the proper insurance coverages you could end up on the hook for […]