rates for homeowners insurance Archives

Homeowners insurance impact of hurricanes like Sandy

October 30, 2012April 30, 2013

Homeowners flood Insurance hurricane sandy damage

The importance of coverage in these storms is clear, but many wonder how they affect premiums. Aside from emergency supplies and a safe place to stay throughout a hurricane, homeowners insurance is one of the most important things that a family can have to protect them against the potential devastation of a storm. But what is not as clearly understood, is if weather like Sandy will drive premiums skyward. Some estimates have said that the damage that hurricane Sandy could cause throughout its time after making landfall could reach as…

Homeowners should expect their insurance rates to rise

January 22, 2012January 22, 2012 Nordstrom

Many of the largest homeowners insurance providers in the country, including Travelers, Allstate, and State Farm, will be increasing their rates this year following losses in 2011 that were far greater than had been predicted by the industry. The second biggest homeowners insurance company in the United States, Allstate, has already announced that it will be boosting its rates by 5.6 percent between now and September 30, 2012. They have also indicated that policyholders should expect other increases, as well. Travelers has also discussed the increases that will be experienced…