Homeowners Insurance Blog

North Carolina: 2024 Homeowners Insurance Rate Increase Proposed

19 Jan
nc-rate-bureau-home-insurance-rate-hikes

Recently, the North Carolina Rate Bureau requested that the N.C. Department of Insurance allow increases to homeowners’ insurance rates by an average of 42.2 percent. If the NCDOI agrees, the proposed rates will go into effect Aug. 1. However, it is also possible that the NCDOI will not agree to the increase and deny the […]

What exactly is a FAIR Plan?

02 Jan
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If you live in an area where severe weather is common, or wildfires pop up every summer you may have trouble finding affordable home insurance coverage. If homes in your area are repeatedly damaged or destroyed by a covered peril, insurers may pull out of the entire area, refusing to write policies in your neighborhood. […]

Coastal South Carolina Home Insurance Rates

30 Dec
Coastal Charleston, South Carolina

South Carolina is an amazing place to call home. It is overflowing with world-class cities, beautiful beaches, museums, and restaurants. It is truly a wonderful place to live. Unfortunately, some of our beautiful coastal cities, Myrtle Beach, Charleston and Hilton Head as an example come with some pretty high homeowners insurance premiums if you live […]

North Carolina Joint Underwriters and Wind Pool Map Explained

28 Dec
North Carolina Coastal Counties

North Carolina is a lovely state to call home. Our state is packed with beautiful cities, museums, restaurants and of course, some of the loveliest beaches in the country. Unfortunately, if you live in one of our amazing coastal southern cities such as Ocean Isle Beach, Holden Beach, Oak Island Beach, Calabash, Bald Head Island, […]

Setting Your Deductibles as High as Possible is a Moneysaver

28 Dec
Moneysaver tips for homeowners and insurance deductibles

When it comes to saving money on your home and auto insurance there is a right way and a wrong way to get the job done. Lowering your coverage levels, which puts your financial future at risk, is always a horrible idea. Adjusting your deductibles, which can result in a significant premium decrease is the […]

Florida Homeowners See Rates Higher Due to Re-Insurance Coverage Increase

22 Dec
Hurricane,Ian,Damaged,House,Rooftop,Covered,With,Protective,Plastic,Tarp

A recent forecast by one of the largest re-insurance companies in the world is not great news for Florida homeowners. The forecast predicts that insurance companies will be paying more for re-insurance coverage in the new year and those costs are typically passed on to policyholders via higher premiums. Re-insurance is coverage your insurance company […]

What is recoverable depreciation?

14 Dec
Pretty,African,American,Sme,Business,Woman,Working,Custom,Ecommerce,Packaging

If you have had to file a homeowners insurance claim to replace damaged, stolen, or destroyed personal property you were probably surprised to learn that you may not be paid the full replacement cost of your items. Many homeowner policies pay out the actual cash value (ACV) of the items and ACV takes depreciation into […]

How to Use Smart Devices to Help Protect Your Home from Major Damages 

13 Dec
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A recent Nationwide Insurance survey found that most homeowners are not using smart devices to help protect their homes from major damages as well as get a discount on their homeowners insurance.  According to the survey, 91% said they did not have sensors that monitor water flow and leaks which can help prevent massive water […]