Recently, the Federal Emergency Management Agency (FEMA) incorporated climate risk into the cost of flood insurance for the first time in their history which will dramatically increase the price of insurance for some homebuyers. Most currently policyholders will see their rates go up by at least 18 percent per year. The new risk assessment plan […]
If you are considering a remodel or upgrading your home, you should consider your return on investment to the improvements you are hoping to make. One way that your effort may save a bit of money is through lower insurance premiums. Certain home improvements can actually shave money off of your insurance costs. Here are […]
Roofing professionals remove asbestos from cement roofing underlayment. Finding asbestos in your home is never fun and, in most cases, the cost to remove it will fall to you as most standard homeowners policies exclude asbestos or other pollutants removal. What is Asbestos? Asbestos is a group of six silicate minerals that occur naturally. It […]
A recent report by ATTOM, curator of the nation’s premier property database found that median-priced single-family homes are now less affordable when compared to historical averages in 75 percent of counties across the nation. This figure is up from the 56 percent jump that ATTOM reported in the third quarter of 2020. This is the […]
On September 2, 2021, Parked cars in New Brunswick, New Jersey submerged underwater after Tropical Storm Ida. Hurricane Ida struck Louisiana as a category 4 hurricane with 150 mile an hour winds and days later hit New Jersey, New York, and other states with a massive amount of rain that has caused numerous flash floods, […]
Fallen tree in New Orleans, Louisiana during Hurricane Ida – September 2, 2021 Hurricane Ida hit Louisiana with 150 mph winds as it tore through the state, making landfall at Port Fourchon and moving up the state between Baton Rouge and New Orleans. Disaster modeling firms have put the damages between $14 billion and $31 […]
Home in Panama City, Florida suffers from wind and hail damage in 2018. This damaged house is from hurricane Michael. Hailstorms can do a tremendous amount of damage to your house and roof in very short amount of time and if you are not properly insured you could end up having to cover the cost […]
According to a recent survey commissioned by Policygenius, consumers are not yet ready for their insurance claims to be reviewed exclusively by an artificial intelligence (AI) system. In fact, only 17 percent said they would be comfortable letting an AI system review their claim data and a whopping 60% of consumers said they would rather […]
Electric vehicles (EV) are gaining traction in the U.S. According to industry data, there will be almost 100 EVs in production by the end of 2024. The ability to refuel an electric vehicle at home is one of the major benefits of an EV, according to a recent J.D. Power study, the majority of EV […]
Even though sinkholes are relatively rare in the United States, when they do happen, the damage can be devastating. When it comes to sinkholes in the U.S., they are most common in the following states: AlabamaFloridaKentuckyMissouriPennsylvaniaTennesseeTexas Unfortunately, if you live in an area where sinkholes happen, you will need to add an additional policy or […]