Tag: Homeowners insurance

  • Earthquake Preparedness: Are You Ready?

    Earthquake Preparedness: Are You Ready?

    As the 5.9 magnitude earthquake in Virginia on Tuesday demonstrated, natural disasters are not the sole purview of West Coast homeowners and traveling expats. With reports of tremors felt as far north as New York and as far south as Chapel Hill, N.C., the quake reminds us that there's no excuse to be caught... Continue Reading

  • Home Insurance Rates Rise Even as Property Values Sink

    Home Insurance Rates Rise Even as Property Values Sink

    In a year that's been rife with tornadoes and severe thunderstorms, premiums for homeowners insurance are on the rise. And forecasts are calling for a hurricane season that will be more active than usual. Insurers may try to boost rates by as much as 20 percent in areas where storms hit hardest. Don't look for... Continue Reading

  • Homeowners Insurance 101: What You Need to Know

    Homeowners Insurance 101: What You Need to Know

    Q: We are about to settle on our first home, and we don't know the first thing about buying homeowners insurance. How do we get started, and what do we need to know? Kimberly Lankford: Congratulations on buying your first home! Start by getting a price quote from the company that handles your auto insurance --... Continue Reading

  • Homeowner Sues Mortgage Company, and Wins!

    Homeowner Sues Mortgage Company, and Wins!

    All Patrick Rodgers wanted was for someone at his mortgage lender to talk to him. But when the bank ignored repeated requests, the Philadelphia homeowner sued -- and won. According to Rodgers, all he wanted was for the lender to answer his questions about its demand for him to purchase more home insurance. Yet... Continue Reading

  • Home Insurance for the New Year

    Home Insurance for the New Year

    When was the last time you took a good look at your home insurance policy? Insurance is one of those things that's easy for homeowners to ignore. Once you sign up for a policy, chances are you write the check for the annual renewal without giving a lot of thought to whether your needs (or your insurer's terms... Continue Reading

  • Home Insurance: Tips for Choosing an Insurer

    Home Insurance: Tips for Choosing an Insurer

    When Suzanne Patt went shopping for a home insurance policy, she ran into a problem: her daughter's trampoline. Some carriers refused to issue her a policy as long as the trampoline was in place; others were willing to include it, but at substantially higher rates. "That really limited my choices," says the... Continue Reading

  • Do I Really Need Flood Insurance?

    Do I Really Need Flood Insurance?

    Lou Andrews Smith is a homeowner in Sacramento who decided to let his flood insurance lapse for two reasons. "First, it just cost too much -- I had the standard policy and it's $1,400 a year now," he says. "Second, we've had years of drought and near-average rainfall. I don't live near a river or lake, so I... Continue Reading

  • Secrets to Lower Home Insurance Premiums

    Secrets to Lower Home Insurance Premiums

    When you're hunting for a house, the cost of home insurance is probably at the bottom of your shopping list. But you should probably move it up a few notches. Sue and Joe Davis learned this when they went house hunting recently. While Sue loves old Victorian homes, he loves new, freshly built ones. Obviously,... Continue Reading

  • Home Insurance: Know What You're Buying

    Home Insurance: Know What You're Buying

    Bennett Cunningham and his partner own a home in a charming Dallas neighborhood just south of downtown. Shopping for home insurance, he found the cheapest rates with State Farm, the nation's largest insurer. Talk about a deal: Bennett and his partner have three cars. If State Farm covered those in addition to... Continue Reading

  • Condo and Homeowners Insurance: Key Differences

    Condo and Homeowners Insurance: Key Differences

    Patty Robinson got a great deal on her townhouse in Charlotte, N.C. It needed some updating, but she didn't mind investing in new carpeting, paint and window treatments, because that would make it feel truly like her own. She planned ahead and was careful to take a detailed inventory of her belongings so that... Continue Reading

  • Homeowner's Insurance at Risk for Hoarding Chicago Couple?

    Homeowner's Insurance at Risk for Hoarding Chicago Couple?

    What's the difference between the Jonas Brothers getting stuck in an elevator for 45 minutes and an elderly couple being trapped under heaps of garbage in their own home for two weeks? One of those scenarios has potential ramifications for homeowner's insurance, while the other causes the hearts of some teen-age... Continue Reading

  • Homeowners' Defense Act: Affordable Insurance or 'Beach House Bailout'?

    Homeowners' Defense Act: Affordable Insurance or 'Beach House Bailout'?

    Banks aren't the only ones that depend on taxpayer bailouts. Every time disaster strikes the government picks up the tab. Losses after Katrina totaled $90 billion, with only $45 billion covered by insurance. The government ended up spending almost $10 billion on homeowners who were uninsured or... Continue Reading