If you are switching insurance companies, you should always check the financial strength of any insurer you are seriously considering. While an affordable premium is always a plus, if your insurance company cannot afford to pay when you file a claim, the savings will certainly not be worth it. A.M. Best is a credit rating […]
South Carolina is an amazing place to call home. It is overflowing with world-class cities, beautiful beaches, museums, and restaurants. It is truly a wonderful place to live. Unfortunately, some of our beautiful coastal cities, Myrtle Beach, Charleston and Hilton Head as an example come with some pretty high homeowners insurance premiums if you live […]
If you have had to file a homeowners insurance claim to replace damaged, stolen, or destroyed personal property you were probably surprised to learn that you may not be paid the full replacement cost of your items. Many homeowner policies pay out the actual cash value (ACV) of the items and ACV takes depreciation into […]
Hurricane Idalia recently made landfall in Big Bend as a Category 3 storm, killing at least three people in Florida before moving onto Georgia and other East Coast states before it weakened into a tropical storm. The storm left over 330,000 people without power. In recent years, Florida communities have been hit by a string […]
Maintaining your home and performing preventive maintenance is a necessary expense for homeowners and delaying it can end up being more expensive in the long run. A recent survey by Nationwide Agency Forward survey of U.S. homeowners found that many homeowners are delaying or simply not performing preventive maintenance on their home before it becomes […]
As premiums continue to soar and homeowners move their insurance policies to Florida’s insurer of last resort, Citizens Property Insurance Corp, legislators are attempting to deal with Florida’s failing homeowners insurance market. However, the Florida Senate and House will have to figure out ow to bridge their differences and determine how far they are willing […]
If you are in the market for a house, the cost of homeowners insurance is probably not your number one priority but some homes come with risks that could dramatically up the cost of insuring your new home. Knowing what risks can be an insurance issue with a home can help you save not only […]
A recent survey of 1,000 U.S. homeowners, which was conducted by Hippo Insurance and SimpliSafe looked at how the pandemic was impacting homeowners across the country. It found that COVID-19 has had a dramatic impact on everyone’s life as well as the fact that homeowners are both anxious and paying closer attention to their homes then […]
Assignment of benefit (AOB) scandals have pushed up homeowner insurance prices in Florida over the last decade and have been a thorn in the side of Florida lawmakers as they have struggled to pass legislation that effectively deals with the scams. We thought it might be helpful to look at just how AOB scams work […]
As financial losses mount for insurance companies in Florida, many insurers are ordering more home inspections at both the beginning of a policy as well as at renewal time. Insurers are hoping to force homeowners to fix problems that may turn into a claim or to justify dumping homeowners whose property they consider risky. This […]