Texas homeowners may have a new option when it comes to flood insurance. While flood coverage is always excluded from a standard homeowners policy, the Woodlands Insurance Co. which is located in Woodlands, Texas is offering a Texas homeowners policy that includes flood insurance coverage to all households that qualify. The coverage can vary depending […]
Summer is in full swing and that is often the time to get out and make some improvements to your home. Home improvements can range from small things like installing a fence to major projects like putting on a new roof. Home improvements not only make your home more functional, they may help you put […]
According to data from the Insurance Information Institute (III), 16 insurers went bankrupt after Hurricane Andrew hit Florida in 1992 as claims overwhelmed smaller insurance companies. Since then, the Florida Insurance Guaranty Association has backed Florida insurers, but if your insurance company goes under it can lead to major delays in the claim process. A […]
According to data from the Texas Windstorm Insurance Association (TWIA) and the Texas Fair Access to Insurance Requirements Plan (FAIR Plan) Hurricane Harvey resulted in 670,000 property insurance claims to private insurance companies. This number takes into account both personal and commercial properties. Breaking down the numbers even further found that roughly 354,000 of these […]
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 […]
Homeownership comes with a variety of advantages. You are investing in a property and gaining equity instead of forking over rent to a landlord every month, you have a house you can call your own as well as a pretty nice tax deduction every year. However, it’s not all upside when it comes to homeownership […]
Roughly a decade ago hurricane Charley, Francis, Ivan and Jeanne hit the coast of Florida in one year and caused $45 billion in property damage. As a result many of the nations largest insurance companies pulled out of the Florida market altogether. There were a number of years before they returned, and premiums were definitely […]
Homeowners insurance is boring. It’s a product that is absolutely necessary but one that has changed very little over the years which is why the introduction of Lemonade Insurance to the marketplace has made such a splash. Lemonade Insurance has gotten a lot of press lately, it’s being touted as the next step in homeowners […]
Homeowners insurance is a necessity, but it can also be expensive. According to a recent study, the cost of homeowners insurance has increased about 50 percent over the last decade. Currently, the average annual policy price has hit $952 with some states coming close to an average price of $2,000 a year. We all want […]
If you have recently paid off your mortgage or bought a house for cash, you may be considering dropping your homeowners insurance. While dumping your homeowners insurance will certainly put a few bucks in your pocket every month, in the long run it can be a very dangerous gamble. The majority of us don’t have the […]