According to industry reports, homeowners are raising their deductibles to $5,000 to $10,000 to help offset the cost of rising premiums. While raising a deductible into the stratosphere will absolutely lower your homeowner insurance premium, it does mean that you will have to cover your deductible amount in the event you have to make a […]
Senators heard from consumer advocates as well as friends from the insurance industry in a recent committee meeting regarding the cost of homeowners insurance and how climate change is impacting the cost of homeowners insurance. Consumer advocates argued that more robust state regulation and increased federal involvement is necessary to slow rising premiums while friends […]
In most cases, when your homeowners insurance policy nears its end date, your insurer will send you a renewal notice to continue your coverage. However, in some situations, you could receive a nonrenewal notice which means your insurance company is no longer interested in having you as a customer. If your insurer chooses not to […]