Tag: property insurance

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

Julie Campbell
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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UK flood insurance leads to confrontation with Prime Minister

H. Cutner
UK cyber Insurance industry News united kingdom

David Cameron was confronted by a woman who accused him of a “betrayal” regarding the delay in the coverage program. United Kingdom Prime Minister David Cameron visited Yalding, Kent, only to be confronted by a woman named Ericka Olivares, who accused him and the Government of betraying the flooding victims through the delays in the UK flood insurance program when he had promised that premiums would be kept down. Olivares urged Cameron to push a deal forward that would make this coverage affordable. She pressured him to bring a deal…

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Texas homeowners insurance rates no longer highest

H. Cutner
Texas Homeowners Insurance

The state may no longer be at the top of this costly list but this is great news for residents. According to recent statistics regarding Texas homeowners insurance rates – when compared with those in the other states across the country – are no longer the most expensive. This is a list that Texans are glad to hear that they are no longer leading. In fact, Texas homeowners insurance rates have dropped down to third place on the national list. This, according to the annual state rankings that have been…

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Florida homeowners insurance rates are highest in the US

Marc
Florida Homeowners Insurance

Florida continues to have trouble with insurance rates Homeowners in Florida are no strangers to high insurance rates. Homeowners insurance premiums throughout the state have often drawn criticism for being quite high and on the verge of being uncontrolled. A new report from the National Association of Insurance Commissioners aims to shed some light on the issue by comparing Florida homeowners insurance rates with those found in other states. Notably, other states that have experienced more natural disasters than Florida in recent years have lower insurance rates by comparison. Report…

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Flood insurance House vote won’t happen in 2013

G. Turner
flood insurance rates

This will hold off the ability for the chance to delay increases, an effort put forward by several states. The most recent efforts that were being made in order to hold off considerable flood insurance rate increases in some areas were spoiled, recently, when the House bill previously submitted by Rep. Bill Cassidy (R-Baton Rouge) was withdrawn by the representative, who said that no further action would be taken on the matter before 2014. This most recent action could make it much more challenging for other efforts that had a…

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