Home insurance companies may sometimes refuse to renew your policies for various reasons. If your insurer chooses not to renew your home insurance policy, they must notify you 30 days before it expires. Here are things you should do if your provider refuses to renew your home insurance policy. Find Out The Reason. Insurance providers…
Never allow your homeowner’s insurance to lapse unless you have enough money to rebuild your house in the case of a disaster. Unfortunately, your insurance company won’t reimburse you if your home faces major damages during this period. Therefore, keeping your insurance policy in place and paying monthly premiums is essential. So, what happens if…
You can save on home insurance if you or your spouse is age 55 and above. An advisor can help you examine your current home insurance policy, determine if you are paying more than required, and explore the different discounts available to seniors. Mature Credit You may be eligible for home insurance discounts on your…
You need flood insurance if you reside in a high-risk flood area because most homeowners’ insurance policies do not cover flood damage. Flood insurance only costs you a small amount of money, so it’s worth getting the coverage if you can afford it. What Is Flood Insurance? Flooding may occur when a hurricane storm surge,…
Most insurance agents advise policy owners to raise their deductible if they want lower premiums. While increasing your deductible is the right move for some people, it’s not for everyone. But what are the benefits of carrying a high deductible on your auto, home, and other insurance? But before we provide you with these benefits….
As a homeowner, you must protect your home with insurance. In fact, mortgage lenders require you to get a home insurance policy. Fire damage is one of the greatest fears of any homeowner, and the thought of losing treasures can cause some anxiety. Fortunately, fire insurance can protect your home and belongings when the unexpected…
Insuring and protecting your home is vital. While some homeowner’s policies pay out the “actual cash value” of a damaged or lost item in your home, most policies pay for the replacement cost of an item. But what exactly is actual cash value? What Is Actual Cash Value? An actual cash value policy is used…
More and more real estate agents are switching brokerage firms to pursue better deals and commissions. “There’s not a lot of brand loyalty,” said Billy Rose, an agent and co-founder of the
CNBC reported on Tuesday that homeownership rates continue to decline to historic lows as rentals soar. According to the news source, the homeownership rate has dropped to 63.4 percent, which is the lowest number we’ve seen since 1967.
When the S&P/Chase-Shiller home prices indices report for April was released at the end of last week, it showed strong gains in the construction of new housing, with 34 percent of housing starts coming in the form of apartments and condos.