North Carolina residents won’t have to worry about homeowner insurance rates going up, at least for a bit longer. North Carolina’s insurance Commissioner, Mike Causey has decided to extend the hearing scheduled for the proposed statewide increase from Sept. 4, 2019, to Oct. 2, 2019. The hearing is to discuss the proposed statewide average increase […]
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 […]
Over the last few years Colorado residents have seen their insurance rates headed up. According to industry data, rates for homeowners have gone up 67 percent while drivers have seen rates climb 52 percent. Unfortunately, due to three hailstorms that hit the Front Range recently, insurance costs could be going up again. The recent hailstorms, […]
The legal dispute between the N.C. Rate Bureau (NCRB), which represents insurance companies in North Carolina, and the N.C. insurance department has come to an end with a statewide average increase for homeowners insurance coming in at 4.8 percent. This is significantly lower than the 18.7 percent that was originally floated back in November. The […]
Homeowners in North Carolina recently received a temporary reprieve from the requested 18.7% increase for homeowners rates. The insurance Commissioner, who has final say on rate hikes rejected the rate increase that had been made by insurance companies writing policies in the state. While the Insurance Commissioner rejected the 18.7% increase, it may just be […]
Residents of the Sunshine state who use the state created insurance company Citizen Property Insurance to insure their property will be seeing on average a 6.6 percent increase in their multi-peril coverage next year. In some areas, the increase could be much higher. The rate increase has been pushed back three months to May 1st […]
Roughly a decade ago hurricane Charley, Francis, Ivan and Jeanne hit the coast of Florida in one year and caused $45 billion in property damage. As a result many of the nations largest insurance companies pulled out of the Florida market altogether. There were a number of years before they returned, and premiums were definitely […]
Unfortunately, it looks like its going to be rate hike time again when it comes to homeowners insurance in South Florida. Most of the major insurance companies that write policies in the southern part of the state are seeking rate hikes, so be prepared when renewal time rolls around. As an example, People’s Trust, which […]
Looking for ways to lower your homeowners insurance premium? Don’t move to Florida. Despite the fact that Florida has not seen a major hurricane is over 10 years, residents of the sunshine state still pay the highest homeowner premiums in the country according to a recent report from the National Association of Insurance Commissioners. The […]
According to a recent article in the Los Angeles Times, the Stoffan family in Greeley Hill, California has seen their homeowners insurance cost double to $5,100 in a year due to the fire risk in their area. This is despite the fact that they added a 50-foot lawn buffer around the house and even installed […]