It’s never fun to find standing sewage in your basement due to a burst pipe or blocked sewer pipe. This type of damage is not only disgusting, it can also be expensive. The cost to clean and repair your home can quickly add up and in most cases, this type of damage is not covered […]
The National Association of Insurance Commissioners (NAIC) is the regulatory body that oversees the insurance industry. The NAIC helps standardize insurance agencies as well as their practices and policies in the United States. The NAIC is not a government organization, insurance is regulated at the state level via the NAIC. The NAIC was formed in […]
While the pandemic seems to be receding a bit in the U.S., it has left behind some massive damage, and in many cases, it has put a severe pinch on household budgets. Unemployment hit 14.8% at the peak which is the highest unemployment rate since Congressional Research Service began collecting data. If your budget has […]
While mortgage rates in the U.S. have been under 3 percent for a few months, there is a good chance they will be headed up later in the year. As unemployment rates have dropped and more Americans are being vaccinated the economy is expected to recover, which will likely lead to higher mortgage rates. If […]
Thinking about hitting the road and traveling the country in an RV for a few months or just going on the occasional weekend trip? Regardless of how you use it, you’ll need to insure your RV to be legal out on the road and to protect your investment. According to industry statistics, roughly 11 million households […]
An insurance binder is simply a temporary proof of insurance coverage while you are waiting for the formal issuance of a policy from your insurer. They often come into play when you are purchasing a new home and need to prove that you have the necessary insurance in place at closing. A binder is often […]
An insurance deductible is simply the amount that you have to pay any time you make a claim on your policy before your coverage kicks in to cover the rest of the loss. Most types of insurance come with a deductible and the deductible amount can range as low as $100 well into the thousands […]
If you own a vacation home, you will need a separate secondary homeowners policy to protect your investment. The protection offered by the homeowners policy on your primary home does not extend to a second home. What is secondary home insurance? Vacation home insurance is often called secondary home insurance and while it is very […]
High-value homeowners insurance is designed for homeowners who have a high net worth as well as a luxury home. These policies typically offer higher coverage limits as well as better protection for other assets. High-Value Home Insurance explained While policies can vary by insurer, a high value home is typically a home that has a […]
The pandemic has given homeowners plenty of time to take on home renovations. Homeowners with increased savings and plenty of time on their hands has led to a dramatic increase in home projects this year. According to a recent Bank of America survey roughly 70% of Americans decided to start on a home improvement project […]