As the National Weather Service kicks off Hurricane Preparedness Week (May 6–12), a new study found that over half of homeowners in Florida fail to take the recommended precautions to protect their homes against hurricane damage. The survey asked Sunshine State residents how they prepare their home for hurricane season. Unfortunately, less than one in […]
Gavop, a real estate, housing news, and research service recently examined the latest information being released from the Florida Office of Insurance Regulation and found that insurers across the state (but especially in the Miami-Dade area) are charging drastically different premiums for homes that fall into the same value range and location. In the Miami-Dade […]
The state-run Citizens Property Insurance Corp, who deals mainly with hard to insure properties across the state of Florida came a bit closer to finally capping repair costs for non-weather related water damage for customers who refuse to use their preferred contractors. The Board of Governors recently approved a plan that will put a $10,000 […]
The legal dispute between the N.C. Rate Bureau (NCRB), which represents insurance companies in North Carolina, and the N.C. insurance department has come to an end with a statewide average increase for homeowners insurance coming in at 4.8 percent. This is significantly lower than the 18.7 percent that was originally floated back in November. The […]
The housing market is on fire these days and in many cities and towns you may find yourself in a bidding war for the house you want. Listings are at some of the lowest rates ever seen and growing demand has led to both quickly rising home prices as well as multiple offers coming in […]
As the spring storm and hurricane season approaches we thought it might be a good idea to take a look at the latest developments in Florida flood insurance. We will have a quick look at the National Flood Insurance program to see where rates are headed and what options are available to you when it […]
In 1886, a 7.3 magnitude earthquake hit Charleston, South Carolina causing massive damage to roads, buildings and homes. The earthquake killed 60 people and left the local water supply damaged, the shaking could be felt all up and down the eastern seaboard. Experts at the U.S. Geological Survey believe a similar event will occur soon. […]
The roof is one of the most functional and important parts of your home. It helps keep you safe, dry and out of the weather which is why making sure it is properly protected by your homeowners insurance is key. There are a few things you should know about roof coverage to make sure you […]
According to data from the Texas Windstorm Insurance Association (TWIA) and the Texas Fair Access to Insurance Requirements Plan (FAIR Plan) Hurricane Harvey resulted in 670,000 property insurance claims to private insurance companies. This number takes into account both personal and commercial properties. Breaking down the numbers even further found that roughly 354,000 of these […]
Gun owners in Florida and across the country who are looking for specialized firearm insurance may have fewer options following the shooting massacre that occurred in Florida recently. Chubb insurance company recently announced that they would no longer be offering an insurance policy for gun owners called NRA Carry Guard. This insurance product, which is […]