North Carolina residents won’t have to worry about homeowner insurance rates going up, at least for a bit longer. North Carolina’s insurance Commissioner, Mike Causey has decided to extend the hearing scheduled for the proposed statewide increase from Sept. 4, 2019, to Oct. 2, 2019. The hearing is to discuss the proposed statewide average increase […]
Colors of hope along the downtown Austin, Texas area skyline. Texas homeowners could be seeing a premium hike or increase in deductibles this year according to a recent Insurance Journal article. Insurance companies that sell homeowners insurance in Texas have been filing for rate increases with the state regulators over the last couple of years […]
A recent study by Clearsurance took a look at how happy homeowners are with their insurer and found that the residents of West Virginia were happiest when it came to their homeowners insurance while the people of Florida were the least happy. The scores were based on user reviews and ratings of their overall experience […]
According to data from the Insurance Information Institute (III), 16 insurers went bankrupt after Hurricane Andrew hit Florida in 1992 as claims overwhelmed smaller insurance companies. Since then, the Florida Insurance Guaranty Association has backed Florida insurers, but if your insurance company goes under it can lead to major delays in the claim process. A […]
As homeowner insurance rates continue to climb in Florida there is a good chance that you have seen news reports about assignment of benefits (AOB) fraud and how it affects homeowner rates in the Sunshine state. We thought it might be a good idea to have a look at what an AOB is and how […]
Residents of the Sunshine state who use the state created insurance company Citizen Property Insurance to insure their property will be seeing on average a 6.6 percent increase in their multi-peril coverage next year. In some areas, the increase could be much higher. The rate increase has been pushed back three months to May 1st […]
Purchasing a home is one of the biggest commitments the majority of us will ever make and in most cases it is our biggest asset. While most new homeowners are aware they need to protect their home with a homeowners insurance policy, there can be issues with insurance that new homeowners are not aware of […]
Florida’s Chief Financial Officer, Jeff Atwater recently addressed lawmakers and stated that the assignment of benefits insurance practice must be addressed as it continues to drive up homeowner insurance rates in Florida. While lawmakers looked at the problem this spring they could not agree on changes so nothing was done about a practice that insurance […]
When it comes to home ownership, the cost of your mortage is just one of many expenses you will need to factor into your monthly bills. While closing costs and the 20 percent down payment your mortgage lender will require are big upfront expenses, often it’s the smaller, ongoing bills that make a house truly […]
Homeowners insurance is boring. It’s a product that is absolutely necessary but one that has changed very little over the years which is why the introduction of Lemonade Insurance to the marketplace has made such a splash. Lemonade Insurance has gotten a lot of press lately, it’s being touted as the next step in homeowners […]