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Homeowners urged to check insurance policies as rates rise and coverage needs change

Alabama homeowners pay among the top ten highest premiums in the ... Bundling your auto and home insurance can save you some money along with a ... Source link

How insurtech can better determine sufficient contents coverage

Homeowners and businesses often don’t have the time to inventory and price all of their furnishings and equipment for insurance purposes. (Studio Romantic/Adobe Stock) While many property owners understand the need for contents coverage, they often face challenges determining whether they have enough...

TypTap cancels thousands of flood insurance policies in Florida

Thousands of flood insurance policies are being canceled in Florida. TypTap is one of only a few companies that still sell private flood insurance. NBC2 has learned the company plans to shed nearly 10,000 policies. Reid McDaniel with McDaniel Insurance Solutions confirmed TypTap is getting...

Citizens Insurance nears 1.25 million policies | News – yoursun.com

JACKSONVILLE — Continuing to add thousands of customers a week, the state-backed Citizens Property Insurance Corp. has neared 1.25 million ... Source link

Alarming Number of New Mortgages Already Underwater – DSNews

Home market volatility will likely continue in 2023, as home insurance rates continue to rise, home values drop, and an alarming number of new mortgages are already underwater, according to the 2023 Insuring the American Homeowner report by Insurify. “The cost of individual policies is...

Four unexpected pitfalls of owning a vacation home

Contextualizing the finance news you need to know.Somebody get Jimmy Buffett on the horn: During the pandemic, hordes of homeowners flocked to purchase second homes, including vacation properties. ⛱️ National second home purchases have fallen a bit since the trend’s heyday in 2020...