The Home Value Protection insurance policy – the only one in the United States offering homeowners protection from the catastrophic effects of withered home prices – has now become available to homeowners in Oklahoma. Homeowners who are covered by this policy will have a greater amount of protection for their investments, which is typically the largest they will hold in their lifetimes, as the prices of their homes continue to plummet. Oklahoma is the second state in the country that will have this unique form of insurance policy available to…
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Rates for homeowners insurance are on the rise
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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