In Florida, the loss of homeowners insurance has become a serious problem. You may not have been affected yet, but you might be in the future. A recent announcement by Southern Fidelity Insurance that they will be liquidating their company means that 78,000 homeowners insurance policyholders will lose their coverage. This new failure marks the […]
As hurricane season approaches, Florida lawmakers are headed back to the Capitol to deal with the property insurance market that is suffering from both skyrocketing premiums and numerous insurance companies going under. Republican Gov. Ron DeSantis said in recent press release “We’re not going to accept anything less than a very significant package” of changes […]
Many homes destroyed in central Texas flooding due to severe weather. As climate change starts to take its toll on the environment, it is beginning to impact homeowner’s insurance. If you were recently dropped by your insurance company or have seen a dramatic increase in your homeowners premium, you are not alone and there is […]
If you are in the market for a new home, one of the first things you need to do is get pre-approved for a mortgage. In almost all cases this means tons of paperwork, most mortgage lenders require extensive documentation before they will fund your loan. Before you start the process, it is helpful to […]
Over the last 50 years, homeowners in Florida that needed a flood insurance policy had only one real options, purchasing coverage from the federal National Flood Insurance Program (NFIP). Florida residents were a big supporter of the NFIP, accounting for over a third of the policies being sold. However, due to changing flood maps, more […]
According to recent J.D. Power 2019 U.S. Home Insurance Study, roughly three-fourths (74%) of homeowner insurance customers feel that the homeowners insurance industry needs improvement. A whopping 13% of customers felt that “radical improvement is needed.” The study found that the overall customer satisfaction with homeowners insurance declined for the first time since 2015. J.D. […]
View of homes along the coast of Kure Beach, North Carolina, USA: Wilmington, NC. Hurricane season is here, and North Carolina Insurance Commissioner is reminding homeowners that now is a great time to put a flood insurance policy in place. North Carolina Insurance Commissioner Mike Causey pointed out in a recent interview that when Hurricane […]
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 […]
Purchasing your first home can be scary and confusing as well as exciting. There are dozens of decisions to be made and if you are not careful you may make a mistake that you will have to live with for years. If you are in the market for your first home, or have been in […]
Colors of hope along the downtown Austin, Texas area skyline. Texas homeowners could be seeing a premium hike or increase in deductibles this year according to a recent Insurance Journal article. Insurance companies that sell homeowners insurance in Texas have been filing for rate increases with the state regulators over the last couple of years […]