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 […]
Tag Archives: coverage
What is an elevation certificate?
If your home is located in a high-risk (or even medium risk) area for flooding, you will most likely need a flood insurance policy to full protect your home. You can purchase flood insurance through the National Flood Insurance Program (NFIP) or in the private market. Regardless of where you purchase your flood coverage, you […]
Does home insurance cover my broken appliances?
While homeowners insurance offers protection for your home in the event of an accident or catastrophic loss it also protects the contents of your home, but does that include appliances? The answer to that question will depend on what happened to your appliance. Keep reading to learn everything you need to know about homeowners insurance […]
What can increase the cost of your homeowners insurance?
If you are in the market for a house, the cost of homeowners insurance is probably not your number one priority but some homes come with risks that could dramatically up the cost of insuring your new home. Knowing what risks can be an insurance issue with a home can help you save not only […]
Americans are at Risk for Earthquake Damage
According to a recent report from the United States Geological Survey, roughly half of all Americans are at risk for earthquake damage. The data shows that 143 million Americans live and work in areas that have at least some potential for earthquake shaking that could possibly damage houses and buildings. This breaks down to 57 […]
California Bill Will Lead to Higher Insurance Rates
According to national insurance expert and actuary, J. Robert Hunter, a package of homeowner insurance bills that California lawmakers are considering could lead to premium hikes of at least 40 percent across the state. It will also increase the number of California homeowners who are struggling to find coverage for their homes. AB 2167 (Daly-Anaheim), […]
Homeowners Insurance Lightning Claims Plunge, Yet Claim Costs Surge
The Insurance Information Institute (III) recently issued a press release that looks at both the number of lightning related claims as well as the cost of those claims. They found that for the second consecutive year, the number of lightning related claims decreased but the average cost per claim actually increased. When the I.I.I ran […]
North Carolina Residents Could be First for Private Flood Insurance Policy
Beautiful sunset view of Front Street in Beaufort, the third-oldest town in North Carolina, located in Carteret County North Carolina residents could be some of the first in the country to have a state backed private flood insurance policy as an alternative to the Federal Emergency Management Agency’s National Flood Insurance Program. Insurance Commissioner Mike […]
Surprise Issues That May Crop Up With Your Policy During the Pandemic
Despite the fact that the coronavirus pandemic is not going to damage or destroy your home like a tornado or hurricane it may have an impact on how you pay for the policy, coverage levels and how you make a claim. Here are just a few issues that may crop up with your homeowners or renter’s […]
What should I look for in my Homeowners Insurance Policy?
Your home is usually your most valuable asset and protecting it with insurance is a necessity. However, homeowners insurance can be confusing and understanding the various components is important to make sure you are fully protected. Here are a few things to look at when shopping for an insurance policy: Replacement Vs. Actual Cash Value […]