Tag Archives: homeowners insurance

Homeowners Now Use This Strategy To Save Money on Home Insurance. Is It a Good Idea?

26 Mar
Father,And,Son,Save,Money,Coins,Together,At,Piggy,Bank

According to a new Market Watch article, homeowners who are struggling with the cost of higher homeowner insurance premiums are making the move to policies with higher deductibles to help lower their costs. While this strategy may work for some, it is not the best idea for everyone.  Data from the Intercontinental Exchange (ICE) showed […]

2025 List of States Where Finding Home Insurance Is Most Difficult and Why

11 Mar
Happy,Family,With,Two,Kids,Playing,Into,New,Home.,Father,

Homeowners insurance is a necessity if you own a home, particularly if you are currently carrying a mortgage. Mortgage lenders require homeowners insurance to protect their investment in your home by always carrying homeowners insurance.  If your insurance is cancelled or you are non-renewed it can be a huge problem. As wildfires and major windstorms […]

2025 – Study Shows Home Insurance Market Stabilizing

11 Dec
Reading,,Happy,And,Black,Family,With,Story,On,Sofa,For

According to a new report from Matic, the homeowner’s insurance market has shown signs of stabilizing roughly two years after major premium hikes and coverage challenges.  Even though premiums are high, trends in the insurance industry show that a slowdown in premium growth may be coming. Here is a brief overview of the report and […]

Should I choose the minimum or maximum homeowners insurance coverage?

13 May
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As homeowner insurance rates rise across the country, some homeowners are opting for policies that offer minimal coverage to keep their premiums affordable. Unfortunately, this choice will leave them at higher risk and in a position where they may have to pay more out of pocket if they have to make a claim on their […]

Florida’s Broward Commissioner is Asking Congress to Lower Insurance Rates

01 Apr
Fort,Lauderdale,,Florida,,Usa,Skyline,Over,Barrier,Island.

A bill in the U.S. House called the Natural Disaster Reinsurance Plan, hopes to lower insurance costs for policyholders in states that opt-in to the program which will scale back the requirements regarding the amount of reinsurance that insurance companies need to purchase.  Currently, a Broward commissioner is asking Congress to pass legislation he claims […]

What exactly is a FAIR Plan?

02 Jan
Fair,Value,Pricing,/,Debt,Or,Money,At,Fair,Value

If you live in an area where severe weather is common, or wildfires pop up every summer you may have trouble finding affordable home insurance coverage. If homes in your area are repeatedly damaged or destroyed by a covered peril, insurers may pull out of the entire area, refusing to write policies in your neighborhood. […]

What is recoverable depreciation?

14 Dec
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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 […]