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 […]
Homeowners insurance can be a financial lifesaver if your home is damaged or destroyed by a covered peril. However, once you make a claim on your policy, there is a good chance that your premium will be headed up. It is always a good idea to understand what happens after you file a claim and […]
Insuring a home is an essential step for any homeowner, but the cost of insurance can vary significantly depending on several factors. One of the most important factors is the value or replacement cost coverage of the property being insured. In this article, we will discuss what it costs to insure a $400,000 house, the […]
The quick answer to the question “is foundation damage covered by your homeowners insurance” is yes. In most cases any damage to your foundation would be covered unless it is specifically excluded in the policy wording. It should be noted that damage from flooding or earthquakes is almost always excluded from a standard homeowner’s insurance […]
While water may seem harmless in most circumstances, particularly at low volume, if it manages to get into your carpet, drywall, or basement it can do massive and expensive damage. If you are wondering if homeowners insurance covers water damage, you are not alone and in most cases, the answer is yes but there are […]
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. […]
If you are currently renting an apartment or home but are thinking about buying, you could be in for a surprise when it comes to expenses. Owning a home comes with a variety of expenses that most renters don’t have to cover. Everything from property taxes to maintenance and insurance will push up your monthly […]
According to the Insurance Information Institute, the pain Florida homeowners have been feeling in recent years regarding sky high homeowners premiums will continue in 2023. The Insurance Information Institute is predicting an average increase of about 40% this year for Florida homeowners. This is despite the fact that Florida lawmakers approved sweeping reforms in a […]
California has recently been hit by a shocking amount of punishing winter weather that has triggered flooding as well as mudslides across vast areas of the state. The weather has led to evacuation orders as well as damaged homes. Unfortunately, for many homeowners, the damage may not be covered by their homeowners insurance. In most […]
The answer to the question “does insurance cover roof replacement,” is not always clear cut. In most cases, it will depend on the reason that your roof needs to be replaced. If your roof has simply reached the end of its life, the cost to replace it will fall to you. On the other hand, […]