homeowners insurance - Articles

Flood Insurance Premiums Still Cresting Despite New Law

#fivemin-widget-blogsmith-image-818558{display:none;} .cke_show_borders #fivemin-widget-blogsmith-image-818558, #postcontentcontainer #fivemin-widget-blogsmith-image-818558{width:570px;height:411px;display:block;} By David B. Caruso JERSEY SHORE, Pa. -- This small, central Pennsylvania river town doesn't have beach... Continue Reading »

5 Features That Can Spike Insurance Costs

Shutterstock By Kelly McMurtie at HomeInsurance.com When shopping for a new home, some of the same features that lure you in could end up costing you extra in insurance premiums. If you're like the many buyers who wait until after going into contract to get insurance quotes on a property, you could be faced with some... Continue Reading »

Putting a House Out of Reach of Flood, Insurance Hikes

#fivemin-widget-blogsmith-image-878825{display:none;} .cke_show_borders #fivemin-widget-blogsmith-image-878825, #postcontentcontainer #fivemin-widget-blogsmith-image-878825{width:570px;height:411px;display:block;} WBAL/AOL On Instead of letting the threat of another Hurricane Sandy-type flood get him down, a... Continue Reading »

Flood Insurance Hikes: Senate Seems Likely to OK a Delay

Shutterstock By Andrew Taylor WASHINGTON -- Flood insurance rate increases for hundreds of thousands of people would be put off under a bill on track to pass the Senate. Its future remains uncertain in the House, where a more modest plan is under consideration. The legislation, which could pass the Senate as early as... Continue Reading »

Move to Delay Flood-Insurance Changes Falters in Congress

Mel Evans/The Associated Press By Andrew Taylor WASHINGTON -- Efforts to delay implementation of changes in the federal flood insurance program have run into roadblocks on both sides of Capitol Hill. The leaders of the House Financial Services Committee say they are standing behind last year's bipartisan legislation to... Continue Reading »

Proposal Would Delay 'Unaffordable' Flood-Insurance Changes

Shutterstock By Andrew Taylor WASHINGTON -- A bipartisan group of lawmakers this week unveiled legislation that would delay for about four years several changes to the federal government's flood insurance program that are threatening to sock thousands of people with unaffordable premium hikes. The move comes as the... Continue Reading »

How To Get Over Rising Flood Risk, Insurance Rates? Raise the House

AP By Carole Feldman Eileen Benner says elevating her home in Atlantic City, N.J., was a "no-brainer" after it suffered extensive flood damage during Hurricane Sandy. "I would tell anybody who has the money available to go ahead and do it," she says. John Paynter's Long Beach Island, N.J., vacation home now stands 13... Continue Reading »

Sandy 2013: Storm of Protest Grows Against New Flood Insurance Rates

Steven Senne/Associated Press The wave of flood-insurance sticker shock that's sweeping across the U.S. didn't originate with Hurricane Sandy. But a year after the one of the most devastating storms in U.S. history, homeowners in Sandy-ravaged regions of the East Coast have been among the first to feel its impact -- and... Continue Reading »

Homeowners Insurance: Claims on Small Losses Can Carry Big Costs

Shutterstock By Herb Weisbaum You buy homeowners insurance hoping you'll never need to use it. Then something happens. It's not a big loss -- maybe the neighbor's kid throws a ball through a window or a falling branch damages the rain gutter. You think of filing a claim. After all, that's why you've paid the premiums... Continue Reading »

Swimming Pool Pops Above Ground, Leaving Florida Family High and Dry

A Florida family came home one night this week and were startled to see that their in-ground pool had popped up out of the soil. Now it turns out that that when it comes to covering the thousands to repair it, the insurance payment may be only a drop in the bucket. "We had this disastrous scene in the backyard,"... Continue Reading »

New Flood Insurance Rates Stir Storm of Anxiety in Gulf

Tamara Lush/The Associated Press By Tamara Lush TREASURE ISLAND, Fla. -- When Colin and Joyce Elston bought their Florida dream home in May, they were confident that they could afford the three-bedroom, two-bathroom ranch with a pool and a backyard overlooking the Intracoastal Waterway. Now they are not so sure. The... Continue Reading »

Abandoned New Orleans House Falls on Neighbor's Home

The collapse of an abandoned house next door onto her home has left a New Orleans mother concerned about the safety of her children and damage to her property. But after being notified of the situation two weeks ago, complained the woman, city officials still hadn't acted to clean up the mess or reduce the threat. "Kids... Continue Reading »

Who Pays When Neighbor's Fire Spreads to Your Home

A home for sale in Tooele, Utah, went up in flames last week, about two months after the family that owns it moved to Washington state. Its living room and roof were destroyed. Owner Ben Jackson, who watched online as his house burned, told local station KSTU that he blames his neighbor next door, where the fire... Continue Reading »

Only a Third of Renters Have Insurance, Survey Shows

By Elisabeth Leamy Most responsible people wouldn't think of driving a car without car insurance, but many of those same people rent a home without renters insurance. A new survey commissioned by InsuranceQuotes.com found that only 34 percent of American renters have renters insurance. Granted, the survey was conducted by... Continue Reading »

Homeowners Insurance: What's Covered, What's Not

Looking to know more about home insurance in the wake of Hurricane Sandy? Republished here is one of AOL Real Estate's best guides to understanding a homeowners policy. Many homeowners are baffled by trying to figure out the maze that is home insurance. Take Stephanie and Eric Jones, who for 15 years paid too much because... Continue Reading »

Hurricane Sandy and 2012's Other Natural Disasters Could Cost Homeowners for Years to Come

Mother Nature certainly made herself known in 2012, unleashing unusually destructive wildfires and storms across the U.S. Hurricane Sandy alone caused up to $50 billion in damage. While the spate of disasters weighs on homeowners in the near-term in the form of reconstruction costs, it may have significant long-term... Continue Reading »

Black Ice: Are You Responsible for Keeping It Off Your Property?

Black ice is a scary sounding term, and for good reason: It leads to car accidents, injuries, and a fear of walking outside in the winter. But are you responsible to clear this invisible menace if it's on your property? If someone gets injured slipping in front of your house or on your property, the short answer is: You... Continue Reading »

Hurricane Recovery for Homeowners: Surviving and Rebuilding After an Epic Storm

As Hurricane Sandy showed us this week, the widespread devastation wreaked on cities and communities by natural disasters can be significant, costly and debilitating. Homes often suffer severe structural damage caused by wind and flooding, and a lifetime of personal possessions can go missing forever. Hurricane Sandy... Continue Reading »

Home Insurance: What's Covered, What Isn't

Looking to know more about home insurance in the wake of Hurricane Sandy? Republished here is one of AOL Real Estate's best guides to understanding a homeowners policy. Many homeowners are baffled by trying to figure out the maze that is home insurance. Take Stephanie and Eric Jones, who for 15 years paid too much... Continue Reading »

Lenders' Force-Placed Insurance Policies Cost Homeowners More

By Dona DeZube How would you like it if your lender forced a hazard insurance policy on you even if you were already covered? It happens, and now the feds' Consumer Finance Protection Bureau is asking consumers, through Oct. 9, 2012, whether homeowners deserve better treatment. It's great to see the CFPB doing what the... Continue Reading »

Does Your Insurance Cover Hurricanes and Earthquakes?

People up and down the East Coast are thinking about earthquake coverage, after a 5.8 earthquake rattled the Mid Atlantic states on August 23. Bill Howard, an independent insurance agent in Alexandria, Va., just across the Potomac River from Washington, D.C., has been getting calls for the past two days from clients who... Continue Reading »

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 flat-footed... Continue Reading »

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 a break... Continue Reading »

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 -- you... Continue Reading »

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 the bank... Continue Reading »

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 of coverage)... Continue Reading »

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 Cranford, N.J.,... Continue Reading »

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 don't feel that... Continue Reading »

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, maintenance... Continue Reading »

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 the home, the... Continue Reading »

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