The North Carolina Rate Bureau (NCRB) recently proposed a homeowners insurance rate increase that local officials across the state are claiming is unfair, especially in coastal areas. The NCRB filed a rate increase request on December 20ththat proposes a statewide 17.4 percent rate increase for homeowners insurance. The rate increase would cover residential property, tenants […]
View of a Southwest style Florida home in the countryside. In the continuing battle over the assignment of benefits (AOB) issue in Florida, the Senate Banking and Insurance Committee recently tabled a bill (SB 122) that had been sponsored by Chairman Doug Broxson, R-Gulf Breeze. The bill was designed to limit attorney fees in AOB […]
If you are in the market for a new home and have been preapproved for a big, fat mortgage you may want to step back and calculate what you can actually afford to cover on a monthly basis. There can often be a disconnect between what a homebuyer is approved for by their mortgage lender […]
Florida legislators are looking into one-way attorney fees that have been one of the sources of inflated homeowners claims related to the Assignment of Benefits (AOB) issue that many people blame for the Sunshine States high homeowner insurance costs. Currently, Florida is the most expensive state in the country for homeowners insurance with the average […]
It’s been a tough winter in many areas across the country. In fact, at one point this winter, roughly two-thirds of Americans were in an area that was below freezing and in many cases, well below zero. This type of cold can do some serious damage to your home. Everything from cracked windows to burst […]
If you are considering making a move this year, you are not alone. According to data from the U.S. Census Bureau, roughly 40 million Americans move every year, which is about 14 percent of the population. Every year, North American Van Lines issues a report detailing what states are gaining residents and which ones are […]
Classic Circa 1990’s home in Chesapeake City, Maryland. If you have recently paid off your mortgage and are considering dropping your homeowners insurance to save some money we highly recommend you reconsider. Going without insurance can be a major risk if your home is hit by a storm or fire. Without the protection of insurance […]
Brand new home in Carmel, Indiana. A large two-story tan home with a historical house style construction. If your mortgage recently came to an end and you own your home free and clear you may be considering dropping your Indiana homeowners insurance coverage. While losing this monthly bill would certainly be good news this is […]
View of a nice coastal neighborhood of victorian style homes near the New Jersey shore. Once you have paid off your mortgage, it’s possible to drop your homeowners insurance. While this may seem like a good idea (saving money is always good) it can end up being a huge mistake if your home is hit […]
Luxury California coastal home perched on a cliff along the central coast. Homeowners insurance is a necessity for most of us and while it is a must have, its never fun writing out that monthly premium check. As long as you have a mortgage on your California home, your lender will require that you carry […]