Tiny home insurance encourages some renters to buy

tiny home insurance

In the debate between renting and becoming a homeowner, the cost of premiums can be a deciding factor. Tiny home insurance is a type of coverage that is growing in popularity. As the cost of land and housing rises in many places, many people have looked to downsize. This trend has only accelerated with the growing popularity of minimalist lifestyles. A tiny house is a term that usually refers to a home that is around 400 to 500 square feet or less. Over the last decade, these very small structures…

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Homeowners insurance premiums headed downward

homeowners insurance

From the start of this year, it is clear that the direction rates are taking overall is downward. According to a recent rate report that has been released, homeowners insurance premiums are among the forms of coverage that are experiencing declines as of the start of 2014. This report took into account the 12-month premiums that are paid by consumers in the United States. By the close of 2013, the average annual homeowners insurance premium in the United States had fallen to $822, when compared to where it had been…

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North Carolina home insurance rates could rise by over 25 percent

North Carolina home health insurance

Insurers in the state are seeking a massive average increase to follow large hikes over recent years. If the proposals of insurers of the state are accepted, the North Carolina home insurance rates could increase by an average of 25.3 percent, representing yet another major spike in the amount that residents will need to pay in order to maintain their coverage. The amount that is being sought in terms of increases varies from one region of the state to the next. For example, the changes requested for the rates of…

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The cost of homeowners insurance and taxes forces “Extreme Makeover” family to sell

cost of Homeowners Insurance

The lucky family that received free home rebuild after their previous residence has now listed the property. A family that was given a “Extreme Makeover” for their house after Hurricane Ike had destroyed it, has now put the Houston residence up for sale because they are unable to continue to afford the cost of homeowners insurance coverage and the taxes. Moreover, they have been forced to drastically reduce the list price because of the struggling real estate market. Home buyers who will be able to afford the taxes and the…

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4 Surprising Home Insurance Credits That Help You Save

The Federal Reserve puts the median cost of homeowners’ insurance at $744 per year, but insurance costs can range from as low as $300 per year to as much as $1,000 per year. Your home’s condition, geography and weather all influence costs. While you can’t do much about certain home hazards, such as a floodplain location or tornado zone, you can tackle other hazards that cause a higher premium. These four issues represent potential homeowners’ insurance credits that you can earn with just a little bit of work and upfront…

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Homeowners insurance rates skyrocketing following massive flooding

layoff employment Insurance Industry - Alberta, Canada

The June floods in Alberta are not only causing record level costs, but also spikes in premiums. Now that the flooding in Alberta has been labeled as the most costly natural disaster that Canada has ever faced, it has become clear that this massive expense will be reflected in future homeowners insurance rates. The damage is estimated to have reached $1.7 billion, so far, and claims continue to pour in. Regardless of whether or not they live in a flood zone, many property owners have already seen their homeowners insurance…

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Homeowners insurance customers in Oklahoma still paying high rates

Oklahoma Homeowners Insurance

Residents of the state are still seeing costs that are among the highest in the United States. Property owners in Oklahoma are already paying some of the highest homeowners insurance rates in the country due to the state’s high risk of severe weather such as tornadoes, hail, and other damaging forces of nature. Now, insurers in the state are seeking to increase their rates by as much as 40 percent. Despite the fact that the residents of the state are already paying more than those of most other states across…

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Homeowners insurance customers in Florida receive explanation for cost hikes

Florida Homeowners Insurance

The commissioner in the state has released a statement to property owners to explain the rates. The homeowners insurance head in Florida has released a statement that has said that there is a reason that the cost of coverage has not been falling despite the fact that one of the biggest expenses typically faced by insurers is now an area in which they are saving money. In fact, the commissioner went on to caution that the rates for this coverage may continue to rise. As some homeowners insurance companies have…

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Homeowners insurance in Dallas more expensive at State Farm than competition

Texas Homeowners Insurance

A recent analysis has revealed that the insurer is charging more for coverage of homes in the area than its rivals. According to the results of an analysis that was just conducted and that involved data regarding the premiums of 32 different homeowners insurance companies in the Dallas areas, State farm – the largest property insurer in Texas – is continuing to charge the highest rates, by a long shot. In fact, the latest figures are showing that the next most expensive are nowhere near as high. The study took…

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Homeowners insurance rates cause struggle among coastal residents

Florida homeowners Insurance in Coastal Areas

Property owners along the coastlines of the United States are watching their premiums soar. A trend is being observed by homeowners insurance customers who reside along coastlines across the country, which is making it more challenging for them to be able to keep their homes because it is becoming too expensive for many of them to afford the cost of coverage. Within the last couple of decades rates have grown ever skyward for these coastal customers. While many have tightened their belts and have managed to keep up with the…

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