Source: https://www.youtube.com/watch?v=Wo__ESH9wWw #Homeowners

Own a home? No doubt you’ve insured it. Very sensible of you. But if that home were, say, burned to the ground, then your insurance company probably wouldn’t cover the cost of rebuilding it. Don’t feel too bad, though. It’s only partly your fault. Photo Credit: Deposit Photos Two-thirds of California wildfire victims are under-insured, according to Amy Bach, executive director of consumer advocacy group United Policyholders, speaking at a recent meeting of governor Gavin News

The primary feature of flood maps are flood zones, which are geographic areas that FEMA has defined according to varying levels of flood risk and type of flooding. These zones are depicted on the published Flood Insurance Rate Map (FIRM) or Flood Hazard Boundary Map (FHBM). Everyone lives in an area with some risk of flood—it’s just a question of whether you live in a low-, moderate-, or high-risk area. Photo from Deposit Photos To find your community’s flood map, visit the F

The North Carolina Department of Insurance has ended its legal dispute with the North Carolina Rate Bureau on its proposal for an 18.9 percent dwelling insurance rate increase and instead reached a settlement that will increase rates by an average of 4.8 percent — nearly 14 percent lower than what NCRB proposed — according to a statement from NCDOI. “This settlement means consumers will save approximately $41 million a year compared to what they would have paid had the Rate B

Fitch Ratings Reports: June 18, 2018 Personal lines underwriting losses rose in 2017 for the fourth year in a row, Fitch Ratings found in a new report. There’s a twist, however. In the three years prior to 2017, personal automobile insurance contributed largely to underwriting losses. It is showing some improvement now, but homeowners insurance is now a major loss ingredient for the sector. Photo from Wix “The homeowners’ line is traditionally a more volatile product segment,

Block parties, wedding receptions, graduation celebrations, family reunions: These are just some of the events that are fun to take outdoors. But when you’re the host, your concerns need to extend beyond hoping for cooperative weather and stocking snacks. In general, any time you serve alcohol, host a pool party or provide equipment for entertainment, there is an element of potential liability on your part for any injury, and your insurance may not provide coverage. Photo fro

The North Carolina Department of Insurance has reached a settlement with the North Carolina Rate Bureau on homeowner insurance rates that will increase rates statewide by an average of 4.8 percent. The agreement between the two parties effectively ends the legal dispute that began late last year when NCRB requested an 18.7 percent homeowners’ insurance rate increase. Photo from Wix “I have negotiated a rate that will have minimal impact on the coast yet keep the state’s insur

Many families enjoy the convenience of renting a beach home or mountain cabin for a vacation getaway. But the last thing you want to think about while on vacation is being liable for damage to that rental home or to worry about your personal belongings. Most homeowner policies provide two important coverages to consider when on vacation: personal property coverage and liability coverage. Before you rent a vacation home, check to see how your policy would respond in the event

Looking for ways to save on your homeowner insurance premiums? Here are a few easy strategies that may lower your homeowner’s insurance premiums without reducing the amount of coverage. Photo Credit: Wix 1. Increase your deductible A deductible is the portion of any covered loss that you pay before your policy provides payment. You can usually lower the cost of your insurance when you increase your deductible. You start saving right away and pay the deductible amount only if