The companies that make a profit from your “history with money” will dig up your credit score one way or another. If your ratings in particular areas are good, you get plenty of benefits. However, if one of these records is in poor shape or is unsatisfactory, it becomes challenging to invest in property, buy a car, or even find a reasonable insurance policy.
Pesky bugs or insects can cause severe property damage. This may sound surprising, but termites cause $5 billion in property damage each year. This is according to the latest survey by the National Pest Management Association.
It makes “will my homeowners insurance cover termite damage” a worthy question to ask. Keep on reading to learn the answer.
Over the past few months there’s been an increase in homeowners policies not being renewed. This is because many insurance companies have steered clear of high risk areas. While many Californians struggle to find the right coverage, a large group of Floridians have to deal with nonrenewals amidst hurricane season.
Since hurricane and wildfire season is here, having the right coverage is more important than ever for your home’s safety. But what if your insurer refuses to renew your homeowners insurance policy? Here are some options if you find yourself in this situation.
Do you own a property? If yes, then you must know that homeowners insurance is one expense you can’t avoid. The two important factors that decide the cost of home insurance rates are your home’s age and its location. However, the average insurance premium for homes is $1,192.
It may seem like a big expense, but keep in mind that you get the amount reimbursed if your property suffers any damages. That means having homeowners insurance is one way to protect your most valuable investment. Moreover, lenders or mortgage companies also require homeowners to buy homeowner insurance.
Regardless of the type of homeowners insurance you opt for, you need to ensure that you get the best policy for an affordable price. Here are a few tips to decrease your homeowners insurance rate.
In today’s world, it’s impossible to go without insurance and live a stress-free life. Insurance is a safety net that keeps you from experiencing financial burden due to insurance claims. It can protect you from liability suits, natural disasters, or any unforeseen circumstances. However, it can be complicated and there are some common insurance mistakes that a lot of people make.
Unfortunately, a majority of these people don’t find out they’ve made a mistake until it’s too late. You don’t want to be stuck paying too much for insurance or not having the proper coverage.
Here’s a list of the top 5 insurance mistakes people are making.
Who would think that a laptop could catch fire? The statistics are pretty surprising.
In 2007-2011, there were an estimated 730 reported U.S. home structure fires involving office equipment per year, resulting in:
- 11 civilian deaths per year
- 51 civilian injuries per year
- $28 million in direct property damage per year
Forty-eight percent of the time, a computer was the cause of the fire. So, what causes the fires?
Your home is probably one of the largest investments you’ll make in your life. Homeownership comes with many benefits, not to mention the pride of owning your own house. However, there are some more complicated aspects of being a homeowner. One of those things is buying home insurance. You might be wondering what exactly homeowners insurance covers and how it protects your home. We’ll go over five different areas that home insurance covers and explain how it protects your home.
Being a homeowner can be hard work. There’s a lot to think about – what color to paint the walls, how to arrange the furniture in the family room, what kind of light fixtures to put in the hallways…and then, of course, there’s home insurance. If you’re going through the process of buying home insurance, you might be holding your breath and bracing yourself for the cost.
But we’ve got good news: you can save money on your home insurance.
There are these magical things called discounts that can knock the price of your homeowner’s insurance down. We’re going to explain about 15 home insurance discounts to ask about.
When hurricane season comes around every year, you’re bound to hear some intense local stories of flash flooding and thunderstorms. Therefore, now is the right time to make sure your home is protected from hurricanes.
While your homeowner’s insurance policy may cover some of the flood damage, it will not offer full protection against the investment losses. So, instead of startling yourself with an unpleasant revelation by the insurance provider that your policy doesn’t cover any or all hurricane damage, it’s best to look for appropriate coverage.
This is where flood insurance comes into play. This post explains how adequate flood insurance can protect your home during hurricane season from damages.
The increasing prices of construction materials have become a threat to many policyholders. Even though soaring prices are well-documented, it is essential to watch out for the trend and its possible implications.
As per the Associated Builders and Contractors analysis, the latest costs of materials has increased by 73 percent since 2020. This change in costs has increased the price of single-family houses by $36,000. In fact, the recent reports indicate that these prices have hit $1,500 per thousand for the first time in the housing market’s history.