If you are switching insurance companies, you should always check the financial strength of any insurer you are seriously considering. While an affordable premium is always a plus, if your insurance company cannot afford to pay when you file a claim, the savings will certainly not be worth it. A.M. Best is a credit rating […]
Making renovations to your home can have a major impact on your insurance coverages as your risk profile changes. Adding square footage, putting in a swimming pool, outbuilding or upgrading your electrical may change the value of your home which could leave your underinsured. Major upgrades such as adding square footage to your home or […]
While homeowners insurance covers a variety of perils and protects your home and personal possessions, it does come with a number of exclusions and coverage gaps that can result in you having to cover the cost of certain damage out of pocket. Let’s have a quick look at what your homeowners policy does and doesn’t […]
Bundling insurance policies simply means buying different types of insurance policies from the same insurance company. The most common type of bundling is usually a car insurance and home insurance policy, but bundling can include other policy types such as life insurance or even an umbrella policy. However, while bundling is a pretty common tactic, […]
If you are considering renting out your home or a portion of your home as a short-term rental, one of your first concerns should be making sure you have the proper homeowners insurance for your rental property. The proper homeowners insurance coverage will make sure you are fully protected in the case of damage to […]
Solar power boomed in 2022 with residential solar projects growing by a shocking 40 percent according to the Solar Energy Industries Association. This was the result of a recording setting 700,000 homeowners installing solar into their homes. In most cases, a homeowner will have to finance a solar system as they tend to be expensive. […]
When it comes time to purchase a house, most likely the biggest expense you will consider is the down payment. While your down payment will be a huge expense, there are other costs that must be considered when purchasing a home. Closing costs, which include the fees and taxes that must be paid to finalize […]
In most cases, when your homeowners insurance policy nears its end date, your insurer will send you a renewal notice to continue your coverage. However, in some situations, you could receive a nonrenewal notice which means your insurance company is no longer interested in having you as a customer. If your insurer chooses not to […]
Regardless of whether you live in a townhome, a single-family home or a condo there is the possibility that your property is part of a homeowners association (HOA). An HOA is simply an association based in your neighborhood that is responsible for overseeing the maintenance of common areas, certain amenities, and services in your neighborhood. […]
The cost of homeowners insurance has risen over the last few years due to a wide variety of factors that include rising inflation, labor shortages, and supply chain delays. This means that shopping your coverage on a regular basis is even more important. If you find a better deal you will need to switch insurers […]