Many homeowners have been notified lately that their homeowners insurance premium is going to be headed up. According to the Insurance Information Institute, higher insurance costs can be blamed on a variety of factors which include more expensive building materials, supply chain issues as well as continuing labor shortages. Factors that increase home insurance costs […]
Senators heard from consumer advocates as well as friends from the insurance industry in a recent committee meeting regarding the cost of homeowners insurance and how climate change is impacting the cost of homeowners insurance. Consumer advocates argued that more robust state regulation and increased federal involvement is necessary to slow rising premiums while friends […]
In another twist to the insurance nightmare in Florida, it is possible that Florida homeowners will be facing another insurance increase. Recently, the Florida Insurance Guaranty Association (FIGA) issued an emergency assessment fee of 1%, which will result in some homeowners facing an increase starting October 1. The new increase was requested by FIGA and […]
Homeowners across the country have seen their homeowners insurance premium rise by an average of 4 percent which translates into an average annual premium of $1,398 according to the Insurance Information Institute (III). Much of the increase can be attributed to the rising cost of materials as well as supply chain issues and climate change. […]
Prospective homeowners scouting for houses in Raleigh (North Carolina) have a tough choice to make. Most of the high-end neighborhoods of the city offer numerous amenities that are almost impossible to overlook—proximity to reputable school districts, near entertainment and recreation spots, and with easy access to the commercial quarters of the city. On the other […]