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 […]
Summer is in full swing and that is often the time to get out and make some improvements to your home. Home improvements can range from small things like installing a fence to major projects like putting on a new roof. Home improvements not only make your home more functional, they may help you put […]
According to a recent survey, American homeowners are not prepared to cover the cost of an unexpected home emergency. In addition, many homeowners are confused about what their homeowners insurance does and does not cover, leaving many homeowners struggling to pay for a home repair that is not covered by their insurance policy. HomeServe USA, […]
Hurricane season is here and if you don’t have a flood insurance policy in place, you may want to consider one. Flood damage is not covered by a standard homeowners policy and the majority of hurricanes bring severe flood damage with them when they come ashore. In the past, the majority of flood insurance policies […]
According to data from the Insurance Information Institute (III), 16 insurers went bankrupt after Hurricane Andrew hit Florida in 1992 as claims overwhelmed smaller insurance companies. Since then, the Florida Insurance Guaranty Association has backed Florida insurers, but if your insurance company goes under it can lead to major delays in the claim process. A […]
If you recently purchased a house, one of the first questions you may have when you open your monthly mortgage statement is what is an escrow account and why am I paying money into it every month. Escrow accounts are used to pay your property taxes and homeowners insurance premiums. A mortgage lender usually requires […]
The foundation is one of the most important components of your home. It is the base layer that the rest of the house sits on and if it is compromised it can lead to a dangerous situation and an expensive repair. Unfortunately, in many cases, the most common causes of foundation damage are not covered […]
Purchasing a home is a major undertaking and getting a mortgage is one of the first steps in making your dream a reality. Mortgages can be complicated and understanding all of the terms and conditions of a home mortgage can be confusing. We compiled some of the most common questions that new homeowners have about […]
When shopping for a homeowners insurance policy you may be asked whether you want an actual cash value or replacement value policy. Many homeowners are unaware of the difference in these types of policies and that confusion can result in a costly mistake. We thought it might be a good idea to have a look […]