Homeowners insurance rates are expected to experience a notable increase following a year that has seen significant severe thunderstorms and tornadoes, and where forecasts predict that the 2011 hurricane season will be more active than the average. In fact, in areas where the storms have been the most damaging, policyholders may find themselves paying up to 20 percent more to their insurers. Though some homeowners are counting on a lower increase because the value of their homes have decreased, it is important to recognize that it is not the market…
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Destructive weather and natural disasters makes shopping for homeowners insurance a challenge
The variability of destructive weather forces from one state to the next has meant that homeowners can expect the property insurance marketplace to be quite complex, and they will need to do their homework in order to choose the best policy. According to vice president Don Griffin of the Property Casualty Insurers Association of America (PCI), the variability in severe weather among the states and within the states makes it “worthwhile to do comparison shopping from time to time to make sure the premium you are paying and the coverages…
Read MoreGoing green can lower your insurance bill.
Fireman’s Fund Insurance Company was the first to offer commercial green insurance back in 2006 and has been at the forefront of the green insurance movement ever since. The company rolled out their 5% green home discount and optional coverage, which now allows a home to be rebuilt green after a loss. Adding to the growing number of states they offer the coverage is now Oregon -residents who qualify for the Earth Advantage certified green home will receive new lower rates. Fireman’s Fund’s green insurance endorsement will rebuild and replace…
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