Coastal home insurance costs rising in Massachusetts

coastal home insurance

This situation is starting to cause concern for officials in the state, where sea levels are a growing problem. Property owners along the seaside and riverside in the state are facing a double level of concern regarding the rising sea levels and the cost of coastal home insurance that is going along with it. The damage caused by Superstorm Sandy is being used as an example of what Massachusetts could one day see. Although the majority of the damage along the coastline was to New York City and New Jersey,…

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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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Homeowners insurance in Florida to become more expensive

Florida Homeowners Insurance

Homeowners insurance rates to spike in Florida Florida is home to some of the highest homeowners insurance rates in the U.S. Next week, those rates may reach new heights thanks to the state’s Citizens Property Insurance Corp. News of rate increases coming from the state-run insurer has been circulating for some time, but now the organization’s board of directors seems to be ready to take rate hikes into serious consideration. Executives are currently schedules to meet next week in Miami in order to discuss a range of rate hikes, all…

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Homeowners insurance payments for Sandy damage approved

green homeowners insurance claims payments

The victims of the superstorm will still have a wait, as the checks have been delayed for release. Almost $208 million in homeowners insurance claims payments have now been approved, in the form of approximately 6,600 checks, but they have yet to be released in order to assist those policyholders who are waiting According to Governor Andrew Cuomo, the checks are at the banks, but they haven’t been sent out. Cuomo explained that his administration is currently working with the banks in order to help to make sure that the…

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Wedding insurance now recommended to protect against fights

Wedding Insurance

Planners and industry experts feel that additional coverage can only help newlyweds. Following the increasing instances of fights breaking out at receptions, many planners and industry experts are now recommending that couples purchase wedding insurance to cover against the damage that could occur as a result of these unexpected circumstances. The importance of coverage has become all the more clear with the high profile fights in Philadelphia. The massive brawl that occurred in Philadelphia and that rapidly had its video go viral, providing a clear image of how rapidly, and…

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