Tropical Storm Henri hit the Northeast pretty hard over the last week and for many homeowners the pain caused by the storm could just be getting started. Unfortunately, many homeowners may be underinsured or not have the right coverage in place when it comes to tropical storm and hurricane damage. A recent study by Policygenius […]
Discovering termites in your home is never fun. These wood-eating insects cause around $5 billion in property damage every year and unfortunately this damage is not covered by homeowners insurance, except in rare cases. Homeowners insurance is designed to deal with sudden and unexpected losses and damage, termite damage, because it often happens over months […]
While having a swimming pool in your backyard is always fun, they can also be dangerous and if you are underinsured, you could end up covering the cost of injuries or legal bills out of pocket. According to CDC statistics, there are 3,960 fatal unintentional drownings in the U.S. every year which breaks down to […]
According to a recent report by Matic a leading insurtech platform, increasing homeowner insurance premium impact homeowners who have a FICO score below 580 disproportionally. In addition, senior homeowners are more likely to be overpaying for coverage. Matic, which launched in 2017 has been collecting and analyzing data as they have been selling home, auto […]
While just about every state in the country requires drivers to have car insurance to be legal out on the road, very few states require boat owner to carry boat insurance before they hit the water. Unfortunately, many boat owners mistakenly assume that homeowners insurance will help cover the costs related to a boating accident. […]
If you are starting a renovation or in the middle of a home improvement project you have probably been shocked by construction costs. Lumber, iron, steel as well as labor costs have been rising over the last year, pushing up the cost of home repairs as well as renovations. According to Verisk’s (ISO) most recent […]
A recent ValuePenguin survey found that homeowners living in hurricane prone areas are less prepared for the hurricane season then they claim. A whopping 84 percent of survey respondents claimed that they were prepared for the season, but 34 percent admitted that they haven’t even started getting supplies or prepping for the season at all. […]
If you are shopping for a new home, you should always check flood zone maps and ratings before putting in an offer to have a full understanding of the risks that your new home may face. A home located in a flood zone can be more expensive to insure as well as more likely to […]
It’s never fun to find standing sewage in your basement due to a burst pipe or blocked sewer pipe. This type of damage is not only disgusting, it can also be expensive. The cost to clean and repair your home can quickly add up and in most cases, this type of damage is not covered […]
The National Association of Insurance Commissioners (NAIC) is the regulatory body that oversees the insurance industry. The NAIC helps standardize insurance agencies as well as their practices and policies in the United States. The NAIC is not a government organization, insurance is regulated at the state level via the NAIC. The NAIC was formed in […]