The legal dispute between the N.C. Rate Bureau (NCRB), which represents insurance companies in North Carolina, and the N.C. insurance department has come to an end with a statewide average increase for homeowners insurance coming in at 4.8 percent. This is significantly lower than the 18.7 percent that was originally floated back in November. The […]
Recently we received an intriguing question in our online chat feature and thought we would address in this weeks article. A customer asked for an explanation of a 4-Point Inspection as well as wind mitigation. Let’s have a look at both of them. The 4-Point Inspection While a 4 Point inspection can be required in […]
While homeowners insurance can be considered a necessary evil, it can also be a financial lifesaver if your home or possessions are destroyed by a storm or other covered peril. Homeowners coverage is a two way street, you trust the insurance company to pay out a claim if experience damage to your home and they […]
In 1886, a 7.3 magnitude earthquake hit Charleston, South Carolina causing massive damage to roads, buildings and homes. The earthquake killed 60 people and left the local water supply damaged, the shaking could be felt all up and down the eastern seaboard. Experts at the U.S. Geological Survey believe a similar event will occur soon. […]
The roof is one of the most functional and important parts of your home. It helps keep you safe, dry and out of the weather which is why making sure it is properly protected by your homeowners insurance is key. There are a few things you should know about roof coverage to make sure you […]
As we enter the spring storm season it is a good time for homeowners to review their insurance policies and have a complete understanding of their coverage before a major storm hits. It is important to make sure you have a full understanding of what coverages you have as well as any gaps that may […]
Gun owners in Florida and across the country who are looking for specialized firearm insurance may have fewer options following the shooting massacre that occurred in Florida recently. Chubb insurance company recently announced that they would no longer be offering an insurance policy for gun owners called NRA Carry Guard. This insurance product, which is […]
Hurricane Irma did some major damage to the Sunshine State. According to the most recent estimates, the total for both insured and uninsured loss could be as high as $42 to $65 billion. This figure includes both residential and commercial property losses. If you were unlucky enough to experience damage to your home, you probably […]
The fires in California have killed at least 41 people, burned roughly 217,000 acres and completely destroyed 5,700 structures. While there is no way to put a completely accurate figure on the damages just yet, State Sen. Mike McGuire said in a recent interview that damage could easily exceed $3 billion. We thought this might […]
Purchasing a home is one of the biggest commitments the majority of us will ever make and in most cases it is our biggest asset. While most new homeowners are aware they need to protect their home with a homeowners insurance policy, there can be issues with insurance that new homeowners are not aware of […]