If you are thinking about making a minor claim against your homeowners insurance, you may want to reconsider, especially if you live in Minnesota. According to a recent report by InsuranceQuotes.com, a claim on your homeowners insurance can raise your premium by up to 21 percent depending on what state you call home. The site […]
According to a study published by the World Bank, Miami is one of the ten cities in the world that face the greatest risk of extensive flooding as sea levels rise due to climatic changes. As per the numbers quoted in the study, Miami is also likely to suffer the most in terms of economic […]
Florida state regulators recently approved a statewide average increase of 6.3 percent for homeowners who purchase homeowners insurance through the state-backed insurer, Citizens Property Insurance Corp. Citizens Property was created in 2002. Its mission is to provide windstorm and general property insurance for homeowners who were unable to find coverage in the private market. […]
The recent floods in Colorado have brought the subject of flood insurance back into the headlines. Floods can be devastating to both your home and financial situation and they can happen quickly. According to federal flood information, a flash flood can produce a wall of water that is 10 to 20 feet high and just […]
It seems that people who live along the Atlantic Ocean and Gulf of Mexico coasts of the United States have to endure hurricanes and tropical storms almost throughout the year. The Atlantic hurricane season lasts for about six months of the year from June till the end of November and peaks during the middle of […]
If you are looking to adopt a dog in the near future, better call your insurance agent before you bring your new family member home. Depending on the breed, its very possible that your insurer will cancel your homeowners policy, or jack your rates way up. Bringing a dog into the mix is just like […]
A report published by the AARP The Magazine has revealed some interesting findings regarding some of the most common insurance claims made by homeowners across the United States. According to this report, dog bites on residential premises constitute about a third of all the liability claims made by house owners. This number also includes instances […]
Home-based businesses have grown more and more popular over the past several years. Statistics show that a new home-based business is started every 12 seconds and that there are currently 38 million of them in America. These businesses generate $427 billion every year and while working from home is a dream for many people, it […]
Over the past decade or so, homeowners across the United States have seen a steady increase in their home insurance premium rates. The rates have risen by 36 percent across the nation from 2003 to 2010 and states such as North Carolina, South Carolina, Georgia, Florida, and Alabama have witnessed some of the sharpest spikes […]
Changes to the National Flood Insurance program are just around the corner and the steep increases in premiums many coastal residents will be seeing are having a negative impact on real estate prices. According to a recent article in the Tampa Tribune, owners of an older home in Treasure Island that has a flood elevation […]