Category: Home Insurance

Every American home is getting a flood-risk score – and many are at higher risk than previously known

As Hurricane Laura bears down on the Gulf Coast, residents are preparing for what could be a historic storm surge. The potential for widespread flooding is high, but even after major storms like Hurricane Harvey in 2017, some homeowners in high-risk areas still do not have flood insurance. That’s because today’s federal flood maps, which guide insurance demand, are backward-looking and don’t factor in the...

How Much Homeowners Insurance Do I Need?

A home may be your largest investment—make sure you adequately protect it If you own a home, you may wonder how much homeowners insurance you really need. After all, the more coverage you have, the higher the premiums—and you probably want to avoid paying more than you need to. Still, if you don’t have enough coverage, could you afford to rebuild your home and replace...

These Christmas Present Hiding Spot Could Be Jeopardizing Your Home Insurance.

They`re not even safe under the tree... Have you already sorted out your Christmas shopping? If you have you are probably looking for somewhere to hide Christmas presents. However, one insurer is warning households to be careful about where they hide Christmas presents. Some hiding places around the home could tempt burglars and even jeopardize an insurance claim. A study commissioned by Aviva found that...

6 ways to save money on your home owner's insurance

To cut costs, you can hike your deductible, get discounts on home upgrades and shop around every few years. The cost of homeowners insurance is one of those unavoidable expenses that comes along with owning a house. How much you’ll pay for insurance varies depending on your location and the age of your home, but the average annual homeowners insurance premium is $1,200. That can...

NYC’s outer boroughs have less flood insurance now than year after Hurricane Sandy

Flood insurance coverage has dropped in all boroughs, except for Manhattan, in the wake of the superstorm By Zoe Rosenberg The coastal neighborhood of Breezy Point, Queens was hit hard by Hurricane Sandy Superstorm Sandy tore through New York seven years ago this week, and while it’s been the better half of a decade since the storm wreaked havoc on the city, homeowners throughout New...