As inflation continues to rage, it could impact the amount of insurance coverage you need to carry to make sure you can rebuild your home if it is damaged or destroyed by a covered peril. According to a report from CoreLogic, the cost of building new houses is skyrocketing due to higher material and lumber […]
While most people are worried about inflation pushing up the cost of everyday items, one group in particular has a lot to lose as prices continue to rise. Senior citizens, those living on a fixed income and people who are on the verge of retirement will be impacted by inflation in greater numbers than people […]
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. […]
A recent report by Enservio Inc, a company that helps insurers settle contents claims on homeowners policies, found that claimants often report a value for their damaged or stolen belongings that is almost double the retail price. While the report does not provide proof that customers are lying about the value of their contents to […]