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 […]
In many cases, your home is your most valuable asset so you should always make sure it is fully protected with the proper insurance coverage. In order to ensure that you have enough coverage, you should review your policy and coverage levels on an annual basis. Checking out your policies and coverage levels at the […]
Recently, two insurance reform bills that hope to rewrite the assignment of benefits (AOB) law made it past Senate and House subcommittee reviews. The bills could actually make it to the chamber floor for a binding vote this session. This would mark the first time in six years that a bill regarding AOB reform has […]
Classic Circa 1990’s home in Chesapeake City, Maryland. If you have recently paid off your mortgage and are considering dropping your homeowners insurance to save some money we highly recommend you reconsider. Going without insurance can be a major risk if your home is hit by a storm or fire. Without the protection of insurance […]
A family in Florida enjoying the beautiful weather and backyard pool experience. If you own your home free and clear or are just about at the end of your mortgage, you may be looking forward to the day you can call your homeowners insurance company and cancel your policy forever. While this may seem like […]
A recent study by the Insurance Information Institute (I.I.I.) confirms what many homeowners in the Sunshine State already know, that the assignment of benefits (AOB) issue that has plagued Florida the last few years has cost consumers billions of dollars in inflated claims cost and unnecessary litigation. “In Florida, abuse of AOBs has fueled an […]
While the majority of insurance experts recommend shopping your insurance coverage on a yearly basis (that is still solid advice) staying loyal to your current insurer can also be a great way to save some coin. Shopping your coverage is a great way to make sure you are getting a fair price on your coverage […]
The kids are starting to go back to school and if you have a student that is headed off to college you will want to review your insurance coverages before you pack up the car and head for campus. Verifying that your brand new college student is properly insured protects them while also making sure […]
The 2017 hurricane season was one of the busiest and most destructive ones on record. There were 17 named storms that hit the coasts and caused roughly $282.16 billion in damage. If you were affected by one of these storms and not carrying the proper insurance coverages you could end up on the hook for […]
When shopping for a homeowners insurance policy you may be asked whether you want an actual cash value or replacement value policy. Many homeowners are unaware of the difference in these types of policies and that confusion can result in a costly mistake. We thought it might be a good idea to have a look […]