As more businesses shut their doors forever due to fallout from coronavirus, you may be concerned that your insurer could eventually go bankrupt. Luckily, insurance companies are regulated at the state level and all 50 states have systems in place to help protect policyholders if their insurer ends up going out of business. Let’s have […]
As unemployment rates continue to rise, many Americans are having a difficult time paying their mortgage. In many cases, lenders are offering assistance to their customers, making it possible to defer your mortgage payment. The process may vary depending on your lender, so it makes sense to ask questions and fully understand the process and […]
If you recently sent in your final mortgage payment you may be considering dropping your homeowners coverage. While dumping this monthly bill would certainly be a good thing, it does put your home and other assets at risk. If you are not carrying a homeowners insurance policy you will end up being responsible for all […]
According to credit bureau Experian, the average credit score of women is now the same as the average score for men. The average score for both is currently 705 which represents a a one-point increase since the second quarter of 2019 for women and a 10-point increase for both men and women since the second […]
Insurance companies offer dozens of discounts to homeowners to help lower their premium and encourage homeowners to upgrade their homes to make it more resistant to the elements. The better your home handles a storm, the less likely you are to make a claim, which is music to insurers ears. While many discounts are offered […]
While job losses mount and home sales plummet due to COVID-19, lenders are tightening mortgage requirements, making it more difficult to purchase a home. In addition to stricter mortgage requirements, the virus may change how Americans buy and sell homes in the future. As the pandemic continues, it could end up transforming how real estate […]
According to a new report by the McKinsey Global Institute, real estate values in Florida will continue to drop due to climate change and rising sea levels. The report found that real estate values have already dropped by an estimated $5 billion dollars and that number could climb to $80 billion over the next 30 […]
If you have lost your job, seen your hours cut or are simply struggling to pay your bills during the pandemic you are not alone. Millions of people have had to skip payments on everything from mortgages and auto payments to their insurance bills. The insurance industry, as well as some state insurance departments are […]
Amidst the coronavirus pandemic, many people are spending much more time at home, working from their home office or sheltering in place. One issue that could crop up over the duration of the virus is liability issues and whether or not your homeowners insurance will cover various liability issues. Let’s have a quick look at […]
New Jersey residents may see some relief from insurance premiums due to COVID-19 pandemic. Recently, the New Jersey Department of Banking and Insurance ordered insurers to provide financial relief to residents and businesses. The guidance was signed last week by Governor Phil Murphy and extends the grace periods during which insurance companies will not be […]