According to research from The Ascent, in 2019, homeowners spent an average of $26,418 per year in housing costs, while renters forked up $17,809 a year. Homeowners must spend an additional $8,609 a year according to the data. Homeowners typically have expenses that renter’s don’t have to cover at all or are less expensive for […]
The cost of homeowners insurance has risen over the last few years due to a wide variety of factors that include rising inflation, labor shortages, and supply chain delays. This means that shopping your coverage on a regular basis is even more important. If you find a better deal you will need to switch insurers […]
Divorce takes not only a major emotional toll on a couple, but it also comes with a financial toll that you have to deal with before the ink is dry on the divorce papers. While separating your finances can be difficult, it is a necessity, and one aspect of a financial separation is dealing with […]
Purchasing a home is a major investment and protecting it with homeowners insurance is an absolute must. However, there are differences in insurance companies and just like every other consumer product, some insurers will be a better fit for your needs than others. Finding the right insurance company can take some time and research so […]
Insuring your home can be confusing, there are dozens of insurers to choose from and while most insurance policies are pretty standard, there can be differences. One issue that crops up is the difference between homeowners insurance and hazard insurance. If you are currently shopping for coverage and wondering how hazard insurance is different than […]
In Florida, the loss of homeowners insurance has become a serious problem. You may not have been affected yet, but you might be in the future. A recent announcement by Southern Fidelity Insurance that they will be liquidating their company means that 78,000 homeowners insurance policyholders will lose their coverage. This new failure marks the […]
It has always been possible as a homeowner to reduce your taxable income by deducting your property taxes and the mortgage interest you paid over the year. However, it may also be possible to deduct other home expenses, including your homeowners insurance premium (or at least a portion of it) if you are self-employed and […]
According to some researchers, mortgages and refinances were the only bright spots during this otherwise bleak period of history we are currently living in. This year has been a little more stable than usual. Recent Freddie Mac updates show 30-year fixed-rate loan rates dropped to 3.05 percent ending the week of 12/23/2021, marking the most significant rate […]
If you are unhappy with your current home, you may be trying to decide whether to move to a new home or renovate your current house to add exactly what you want. While renovating allows you to add the exact features you want in a house, it can be difficult having to deal with permits, […]
In a recent Florida Senate Banking and Insurance Committee meeting, Barry Gilway, the CEO of Citizens Property Insurance Co. informed lawmakers that it is not just a few Florida property insurance companies that are experiencing financial trouble, but the majority of insurers in the state. According to Gilway, almost every insurance carrier in the state […]