If your homeowners insurance premium has been on an upward trajectory for the last few years, you are not alone. A recent study discovered that homeowners insurance rates have gone up in every state over the last decade and in the midwest the rate increases have been pretty dramatic. The reason for these rate increases […]
Purchasing your first home can be scary and confusing as well as exciting. There are dozens of decisions to be made and if you are not careful you may make a mistake that you will have to live with for years. If you are in the market for your first home, or have been in […]
Colors of hope along the downtown Austin, Texas area skyline. Texas homeowners could be seeing a premium hike or increase in deductibles this year according to a recent Insurance Journal article. Insurance companies that sell homeowners insurance in Texas have been filing for rate increases with the state regulators over the last couple of years […]
View of a Southwest style Florida home in the countryside. In the continuing battle over the assignment of benefits (AOB) issue in Florida, the Senate Banking and Insurance Committee recently tabled a bill (SB 122) that had been sponsored by Chairman Doug Broxson, R-Gulf Breeze. The bill was designed to limit attorney fees in AOB […]
If you are in the market for a new home and have been preapproved for a big, fat mortgage you may want to step back and calculate what you can actually afford to cover on a monthly basis. There can often be a disconnect between what a homebuyer is approved for by their mortgage lender […]
Florida legislators are looking into one-way attorney fees that have been one of the sources of inflated homeowners claims related to the Assignment of Benefits (AOB) issue that many people blame for the Sunshine States high homeowner insurance costs. Currently, Florida is the most expensive state in the country for homeowners insurance with the average […]
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 […]
Extremely detailed, high resolution image of a Hurricane approaching coastal Texas. This image was shot from Space and furnished by Nasa. Writing that monthly check for homeowners insurance can be painful, especially in Texas where the cost of insurance is high. While painful, homeowners insurance is a requirement for most of us. If you have […]
Saint Simons Island, Georgia is a beautiful family friendly area amongst the barrier islands. Paying for homeowners insurance is never fun but for most of us it is a necessity. If you have a mortgage on your property your lender will require that you carry a homeowners policy in order to protect their investment. However, […]
Citizens Property Insurance will be upping homeowner rates by an average of 8.2 percent for next year’s rates. This increase will affect home and condo owners as well as renters. The increase has been approved by the Board of Governors, which oversees rate increases for the state run insurer of last resort. The ongoing issue […]