Retirement will impact your financial portfolio in number of different ways. Moving stock market assets to less risky funds, possibly downsizing into a smaller home and reassessing your insurance needs are all things you should consider when it is time to leave the workforce. We thought it would be a good idea to have a […]
Divorce takes not only a major emotional toll on a couple, but it also comes with a financial toll that you have to deal with before the ink is dry on the divorce papers. While separating your finances can be difficult, it is a necessity, and one aspect of a financial separation is dealing with […]
Recently, the Biden Administration unveiled a plan to help low-income and first-time homebuyers save an average of $800 per year on mortgage insurance costs. The plan is an attempt to help make housing more affordable as higher mortgage rates and skyrocketing home prices have pushed homeownership out of reach for many potential buyers. The plan […]
According to an AM Best analysis, Florida is the state with the most premiums in homeowner insurance lines. While Florida is the third most populous state in the country, it generated a whopping $12.4 billion of homeowners direct premiums in 2021 which is more than the most populous state, California. The Golden State generated $11.2 […]
If you are shopping for a homeowners insurance policy, there are a number of factors that will be consider when setting your premium. Insurer will look at a wide variety of risk factors when setting a premium, everything from your house, personal property, personal risk factors and regional risks will all be taken into account. […]
If you live in a development that has a Homeowners association (HOA), you already know they are designed to maintain the shared community parks, playgrounds and even swimming pools. However, a HOA comes with a fee that can be monthly, quarterly or even yearly. These HOA fees are used to cover repairs or upgrades to […]
The average rate on a 30-year mortgage rate just hit 7% last week, which is now the highest it has been since 2002. The interest rate increase has pushed the average monthly payment to buy a new home to $2,760 in September from just $1,561 a year ago, according to data from Business Insider. While […]
Inflation is not only hitting consumer goods such as food and cars, but also impacting the cost of homeowners insurance. While the inflation rate recently hit 8.3 percent over the past 12 months, homeowner insurance has skyrocketed even more. Recently, Policygenius, ran the numbers and found that the cost to insure a home is up […]
Insuring your home can be confusing, there are dozens of insurers to choose from and while most insurance policies are pretty standard, there can be differences. One issue that crops up is the difference between homeowners insurance and hazard insurance. If you are currently shopping for coverage and wondering how hazard insurance is different than […]
Homeowners in Florida were already dealing with expensive and sometimes difficult to get homeowners insurance before Hurricane Ian hit and unfortunately the storm will most likely make the insurance market even more challenging. Many major insurance companies have pulled out of the Florida market altogether which means that most of the insurers in Florida are […]