Homeowners insurance rate change requested for mobile homes

Julie Campbell
homeowners insurance rates grow

The North Carolina Department of Insurance has released a statement to describe the request from the industry. The N.C. Department of Insurance (NCDOI) has now received a rate filing for homeowners insurance rates from the N.C. Rate Bureau, which is an entity that is not a part of the department, and which represents all insurers in the state that sell coverage for mobile homes. There are two different types of mobile home insurance that are offered in North Carolina. The first is through the MH(C) form, and the second is…

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FHA set to reduce mortgage insurance premiums

Marc
home house mortgage loan insurance

Federal agency has plans to significantly reduce mortgage insurance premiums in the near future The U.S. Federal Housing Administration (FHA) has announced plans to cut mortgage insurance costs. The move is part of a larger endeavor that involves making it easier for families to purchase homes throughout the country. The FHA has a program that offers those with modest incomes the chance to purchase homes. This program is designed to support those that do not have enough money to make a significant down payment on a property. Insurance coverage for…

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Google may break into the US auto insurance market

S.Vagus
google tablet ipad auto insurance

Analysts suggest that Google could launch a new insurance comparison service in the US Google may soon be offering auto insurance coverage in the United States, according to analysts with Forrester Research. Analysts predict that Google will soon launch its Google Compare service, which is designed to be an auto insurance comparison shopping platform. This platform would allow consumers to search for insurance coverage offered by numerous companies and find the policies that best suit their needs. While Google will not be offering coverage itself, it could soon become a…

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FHA mortgage insurance rates to be slashed in 2 weeks

Julie Campbell
homeowners mortgage insurance credit score

As of January 26, premiums on a loan from the Federal Housing Administration could be cheaper. The Federal Housing Administration has now released the details of its intentions to lower the premiums on mortgage insurance, in an announcement that followed closely on the heels of the unveiling of President Barack Obama’s intentions to give the first time home purchasing market a boost. There will be considerable reductions in the insurance rates that will be charged on FHA-insured loans. For instance, when it comes to 30 year mortgages that have been…

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Homeowners insurance policies are still being dumped by Citizens

H. Cutner
Florida Homeowners Insurance

The state backed insurer has said that it believes that it will be able to shrink to a smaller size than previously believed. Citizens Property Insurance has now received another wave of shedding homeowners insurance policies from regulators, and the company has now revealed that it will be able to reduce its size by more than what it had once thought. This latest round could allow the insurance company to shed an additional 93,500 of its policies. The state backed homeowners insurance company can now rid itself to up to…

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