Beautiful coastal homes by the seaside in Rodanthe, North Carolina It looks like it’s going to be a good news, bad news situation in North Carolina this year when it comes to homeowners insurance rates. Let’s start with the good news. The Rate Bureau, which represents insurance companies operating in North Carolina requested an average […]
If you have just purchased your luxury dream home or just have a high value home, you may need to consider high-value home insurance which is also known as luxury home insurance. Not sure if you need this type of coverage, keep reading to learn everything you need to know about insuring your luxury home. […]
In many cases, your home is your most valuable asset so you should always make sure it is fully protected with the proper insurance coverage. In order to ensure that you have enough coverage, you should review your policy and coverage levels on an annual basis. Checking out your policies and coverage levels at the […]
The Florida homeowner insurance market has been in trouble for almost a decade at this point. As the number of lawsuits related to dubious roofing claims continues to rise, insurance companies continue to raise their rates or pull out of certain areas altogether. While the Florida legislature has attempted to stem the flood of rising […]
In a recent Florida Senate Banking and Insurance Committee meeting, Barry Gilway, the CEO of Citizens Property Insurance Co. informed lawmakers that it is not just a few Florida property insurance companies that are experiencing financial trouble, but the majority of insurers in the state. According to Gilway, almost every insurance carrier in the state […]
The majority of financial experts recommend having at least three to six months’ worth of expenses in an emergency fund in the event you have unexpected expenses that come up. However, once you have your emergency fund set up and funded, you will have to decide what constitutes an emergency and when is it ok […]
For Free Flood Insurance Quotes, Please Call Us at 888-620-1954! New, revamped flood insurance rates for the National Flood Insurance Program (NFIP) will be going into effect this month with the goal of charging flood insurance premiums that more accurately reflect the risk presented by the home. The new program could dramatically raise rates for […]
Recently, the Federal Emergency Management Agency (FEMA) incorporated climate risk into the cost of flood insurance for the first time in their history which will dramatically increase the price of insurance for some homebuyers. Most currently policyholders will see their rates go up by at least 18 percent per year. The new risk assessment plan […]
On September 2, 2021, Parked cars in New Brunswick, New Jersey submerged underwater after Tropical Storm Ida. Hurricane Ida struck Louisiana as a category 4 hurricane with 150 mile an hour winds and days later hit New Jersey, New York, and other states with a massive amount of rain that has caused numerous flash floods, […]
Fallen tree in New Orleans, Louisiana during Hurricane Ida – September 2, 2021 Hurricane Ida hit Louisiana with 150 mph winds as it tore through the state, making landfall at Port Fourchon and moving up the state between Baton Rouge and New Orleans. Disaster modeling firms have put the damages between $14 billion and $31 […]