Many towns in the Avery and Watauga counties in North Carolina are still reeling from the impact of the floods that took place just a month back. This bout of flooding comes in the wake of the prediction, as was published in Forbes, that the United States will see more severe weather in 2013. So […]
Homeowners Insurance Blog
Alabama Home Insurance Industry Strives to Rectify the Ills in the System
06
Jun
The state government of Alabama is on a mission—to cleanse the home insurance sector of its many ails and bring relief to homeowners who have been plagued by the scarcity of appropriate insurance policies that don’t cost the earth and skyrocketing premium prices that compel many to forego their policies. From Hurricane Katrina to SuperStorm […]
Natural Disasters Predictions make Prospective South Carolina Homeowners Worry about Insurance Prices
30
May
According to the predictions by the National Oceanic and Atmospheric Administration (NOAA), the recent tornado in Oklahoma is only the first in the spate of many more that are expected to hit the Atlantic shores of the United States this summer season. The NOAA predicts that the states on the Atlantic coastal region will face […]
Consumer Groups Seek to Curb the Force-Placed Insurance Menace in Florida
21
May
Harried homeowners in Florida can rejoice in the news that some of the consumer groups in the state have risen up in arms against the menace of force-placed insurance overcharges. The Consumer Federation of America and the Center for Economic Justice intend to appeal to the Florida Insurance Commissioner to investigate the growing menace of […]
Alabama Coastal Homeowners Face Insurance Rate Woes
16
May
Alabama Governor Robert Bentley has admitted that the home insurance sector in the state badly needs some reforms and one area that needs to be addressed immediately is the discrepancy in the insurance prices across various regions of the state. More specifically, the greatest of the discrepancies exists between the rates levied on coastal homeowners […]
South Carolina Homeowners Have to Contend with Weak Insurance Regulations
07
May
South Carolina homeowners have to not only contend with tax hikes and fuel price rises but also a body of weak insurance regulations in their state that inconvenience them and also sometimes compel them to pay out premium amounts that are hardly justified. The Department of Insurance in South Carolina surely needs to look into […]
Florida Senate Bill Overhauling Citizens Property Insurance Corp. may have Far-Reaching Effects
03
May
The home insurance industry in Florida is staring at some major upheavals. According to the Tampa Bay Times, the Senate has passed a bill that will majorly impact home insurance policy activities of the state-run Citizens Property Insurance Corp. and may have far-reaching effects across diverse groups in the economy. By the Numbers According to […]
Is Force-Placed Insurance On its Way Out?
03
May
A recent piece of news has had Georgia homeowners and prospective home buyers sit up and take notice. According to The New York Times, the federal and state housing regulatory have swooped down on a long-standing practice called the force-placed insurance and are toying with the idea to trim the fees that banks charge insurance […]
Is My Home Covered for Damages from an Explosion?
23
Apr
The calm of West, a small town in Texas, was recently shattered by an explosion in a fertilizer plant. It was a huge explosion that flattened the factory and badly damaged homes for miles around. Sadly, lives were also lost in the incident. Although the authorities are yet to confirm if the explosion was an […]
Making Sense of the Hullaballoo Around Home Value Protection Insurance in Georgia
09
Apr
It banged loudly to be let in. It screamed for attention and managed to hog the headlines whilst it was around. And then it sank almost without a whimper. Many market watchers, financial pundits, and industry analysts hailed Home Value Protection as the most innovative and considerate home insurance product to have hit the market […]