Having the proper insurance coverages in place is a critical part of owning a home, it protects your investment and finances in the event your home is destroyed by an unexpected disaster such as a fire, flood or severe storm. Understanding the different coverages that are available to homeowners is key to making sure you […]
Bundling insurance policies simply means buying different types of insurance policies from the same insurance company. The most common type of bundling is usually a car insurance and home insurance policy, but bundling can include other policy types such as life insurance or even an umbrella policy. However, while bundling is a pretty common tactic, […]
The quick answer to the question “is foundation damage covered by your homeowners insurance” is yes. In most cases any damage to your foundation would be covered unless it is specifically excluded in the policy wording. It should be noted that damage from flooding or earthquakes is almost always excluded from a standard homeowner’s insurance […]
Nobody enjoys dealing with damage to their home or possessions and it all gets quite a bit more stressful if your insurer denies your claims or offers an insufficient amount to actually repair the damage. However, consumers do have options if their homeowners insurance claim is denied or they are unhappy with the settlement offer, […]
It’s never fun to find standing sewage in your basement due to a burst pipe or blocked sewer pipe. This type of damage is not only disgusting, it can also be expensive. The cost to clean and repair your home can quickly add up and in most cases, this type of damage is not covered […]
While the pandemic seems to be receding a bit in the U.S., it has left behind some massive damage, and in many cases, it has put a severe pinch on household budgets. Unemployment hit 14.8% at the peak which is the highest unemployment rate since Congressional Research Service began collecting data. If your budget has […]
An insurance binder is simply a temporary proof of insurance coverage while you are waiting for the formal issuance of a policy from your insurer. They often come into play when you are purchasing a new home and need to prove that you have the necessary insurance in place at closing. A binder is often […]
In most cases, homeowners receive a renewal form from their insurance company a few months before the end of their policy term. In this case, the homeowner simply needs to review the information, sign the renewal, and send it back to sign up for another year of coverage. Unfortunately, some homeowners receive a non-renewal notice […]
The pandemic has given homeowners plenty of time to take on home renovations. Homeowners with increased savings and plenty of time on their hands has led to a dramatic increase in home projects this year. According to a recent Bank of America survey roughly 70% of Americans decided to start on a home improvement project […]
There are currently three bills that are working their way through the Florida Legislature which are designed to deal with the cost of homeowner roofing claims, attorney’s fees as well as problems with insurance carriers being notified regarding lawsuits. The goal of this legislation is to help lower Florida homeowners insurance cost which has become […]