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 […]
California has been experiencing more frequent, and much more destructive wildfires in recent years. In fact, of the 20 worst wildfires to ever hit the state, four of them happened last year, resulting in $12.6 billion in insurance claims. This year has not been much better with the Mendocino Complex Fire, which was the largest […]
Renovating your home can be a challenge but it also provides a number of benefits. In addition to updating your living space and improving your property’s features and resale value, a renovation can also lower your homeowners insurance premium if you add certain features or use specific materials. While one of your first calls in […]
State officials in Colorado recently announced that the number of residents whose homes are at risk from wildfires has risen roughly 45 percent in the last five years. This astounding number is the result of a booming population and the changing use of agricultural land. According to the Colorado State Forest Service, 2.9 million people […]
According to a recently released J.D. Power survey, one in five consumers claim they would use Amazon or Google for their homeowners insurance. There are have been rumors that the two tech giants may be considering an entry or in the case of Google, a reentry, into the insurance market although neither has confirmed those […]