Retirement will impact your financial portfolio in number of different ways. Moving stock market assets to less risky funds, possibly downsizing into a smaller home and reassessing your insurance needs are all things you should consider when it is time to leave the workforce. We thought it would be a good idea to have a […]
Recently, the California Insurance Commissioner Ricardo Lara proposed a regulation that would not only stop insurance companies from overcharging homeowners who have done wildfire mitigation to reduce their risk of wildfires but would also require insurers to take these mitigation efforts into account when deciding on a premium or whether to insure a specific property. […]
According to a recent survey commissioned by Policygenius, consumers are not yet ready for their insurance claims to be reviewed exclusively by an artificial intelligence (AI) system. In fact, only 17 percent said they would be comfortable letting an AI system review their claim data and a whopping 60% of consumers said they would rather […]
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 […]
One of the major costs of owning a home is properly insuring it. The cost of homeowners insurance can vary dramatically by state but regardless of where you live, you are most likely paying more for homeowners coverage than you did a few years ago. According to the National Association of Insurance Commissioners, home insurance rates […]
Insurance companies offer dozens of discounts to homeowners to help lower their premium and encourage homeowners to upgrade their homes to make it more resistant to the elements. The better your home handles a storm, the less likely you are to make a claim, which is music to insurers ears. While many discounts are offered […]
There is no doubt that climate change will impact everyone’s future but as sea levels rise, temperatures climb and more hurricanes, tornados and forest fires hit the United States, it will impact some states harder than others. Recently, ValuePenguin used data from the Union of Concerned Scientists (UCS) and found that three states, Louisiana, New […]
If your homeowners insurance premium has been on an upward trajectory for the last few years, you are not alone. A recent study discovered that homeowners insurance rates have gone up in every state over the last decade and in the midwest the rate increases have been pretty dramatic. The reason for these rate increases […]
The roof on your house provides shelter, moves water or snow off your house and protects you from the elements. It is an essential part of any house and should be properly maintained and replaced when it has reached the end of its useful lifespan. Replacing a roof can be confusing and expensive. What many […]
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 […]