Tag Archives: homeowners

Largest Insurer in California – Travelers Announces Home Insurance Rates Going Up 15%

20 May

Travelers Insurance, which is one of the largest insurers in California, recently announced that they will be raising premiums by an average of 15% in the Golden State. This is just the latest rate increase or policy limitation by major insurance companies who blame the increases on spreading wildfire risks, inflation, and the cost of […]

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 […]

Home Insurance Guide for Retirement & Senior Citizens

27 Mar

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 […]

What is the difference between home insurance and hazard insurance?

10 Oct

Insuring your home can be confusing, there are dozens of insurers to choose from and while most insurance policies are pretty standard, there can be differences. One issue that crops up is the difference between homeowners insurance and hazard insurance. If you are currently shopping for coverage and wondering how hazard insurance is different than […]

Seniors & Low Credit Scores Pay More for Home Insurance

17 Aug

According to a recent report by Matic a leading insurtech platform, increasing homeowner insurance premium impact homeowners who have a FICO score below 580 disproportionally. In addition, senior homeowners are more likely to be overpaying for coverage.  Matic, which launched in 2017 has been collecting and analyzing data as they have been selling home, auto […]

Louisiana Urges Insurers to Extend Deadlines

22 Feb

Louisiana Insurance Commissioner Jim Donelon recently urged all property and casualty insurers in the state to extend the deadline for homeowners to file insurance claims from the historic 2020 storm season. The Commissioner issued Bulletin 2021-02  which urges insurers to give policyholders more time to demonstrate damage to their properties after last year’s record hurricane season. […]

Is COVID-19 Having a Negative Impact on Homeowners Insurance?

23 Oct

A recent survey of 1,000 U.S. homeowners, which was conducted by Hippo Insurance and SimpliSafe looked at how the pandemic was impacting homeowners across the country. It found that COVID-19 has had a dramatic impact on everyone’s life as well as the fact that homeowners are both anxious and paying closer attention to their homes then […]

How To Get the Best Rate and Deal When Refinancing Your Mortgage

27 Aug

Due to historically low interest rates, many homeowners are refinancing their mortgages. In fact, close to 1.7 million U.S. homeowners refinanced over April, May and June of this year, according to Attom Data Solutions. This is over double the number who refinanced loans during the same period in 2019. The coronavirus has had a major […]

Texas Home Sellers Must Disclose More About The Risk Of Flooding

08 Nov

Homeowners in East Austin have seen flood issues become much more serious over the past decades, despite the fact that the city built a flood wall roughly 15 years ago. As climate change has warmed the atmosphere, storms have become more intense, releasing much higher rates of rainfall which has drastically increased the risk of […]

North Carolina Homeowners Will See a Rate Increase This Year

24 Oct

Roanoke Marshes Lighthouse – Manteo NC (Dare County, North Carolina) North Carolina homeowners will be experiencing higher premiums for homeowners insurance starting next spring, but the pain is nowhere near as bad as it could have been. Mike Causey, North Carolina’s Insurance Commissioner managed to negotiate the rate increase requested by the North Carolina Rate […]