Homeowner insurance rates have been climbing for more than five years, increasing a shocking 19.1 percent since 2018 according to ValuePenguin. This trend will continue in 2023. According to the latest ValuePenguin study, between Jan. 1 and March 17, 2023, homeowner insurance premiums have increased 2.8% across the country. “In 2023, the rising cost of […]
According to a new report by online marketplace Insurify, average homeowner insurance premiums are headed up again in 2023. The report predicts that the average cost of homeowners insurance could jump up 9% which translates into about $150 increase for most homeowners. The pain will not be distributed equally, homeowners in some states will see […]
When Forbes looked at the numbers, they found that Hawaii was the cheapest state for homeowners insurance where the average premium came in at a very affordable $558. Oklahoma grabbed the dubious title of being the most expensive state in the country for homeowners insurance with an average premium that hit $4,122, which is a shocking […]
North Carolina homeowners whose finances were negatively impacted by the pandemic and now need assistance with housing related expenses can now submit an application to The North Carolina Homeowner Assistance Fund. The fund which was established via the 2021 American Rescue Plan was set up to help prevent mortgage delinquencies, defaults, displacements and foreclosures for […]
Roof top view of a waterfront home in Tampa, Florida. According to several speakers at the Florida Chamber’s annual insurance summit in Tampa, homeowners in Florida can look forward to paying even more for homeowners insurance over the next decade as rate increases, non-renewals and insurers pulling out of the market entirely continue to drive […]
One of the major costs of owning a home is properly insuring it. The cost of homeowners insurance can vary dramatically by state but regardless of where you live, you are most likely paying more for homeowners coverage than you did a few years ago. According to the National Association of Insurance Commissioners, home insurance rates […]
North Carolina Insurance Commissioner Mike Causey recently announced that the North Carolina Rate Bureau (NCRB) has requested a 24.5% statewide average increase in homeowners’ insurance rates which will take effect in August 2021. The NCRB is an industry group that represents insurance companies that write insurance policies in North Carolina, it is not a part […]
As wildfire season kicks off, lawmakers in California are pushing through an insurance industry backed homeowner insurance bill. While the bill seems popular with a number of lawmakers, it is receiving fierce opposition from consumer groups as well as California Insurance Commissioner Ricardo Lara. The bill addresses a number of issues, from letting insurance companies […]
According to national insurance expert and actuary, J. Robert Hunter, a package of homeowner insurance bills that California lawmakers are considering could lead to premium hikes of at least 40 percent across the state. It will also increase the number of California homeowners who are struggling to find coverage for their homes. AB 2167 (Daly-Anaheim), […]
Overlooking Banks Channel in Wrightsville Beach, North Carolina If you are lucky enough to own a house on the coast in North Carolina, but don’t live in it full time, there is a very good chance that you will be paying more for wind insurance starting July 1st. The N.C. Rate Bureau, an industry group […]