Category: Homeowners Insurance

We explore all property insurance for homeowners as well as industry updates. Renters, condo, earthquake insurance as well as flood insurance are all topics covered. Flood insurance is undergoing a slew of changes all over the world that are making headlines daily

Dreaming of a Backyard Pool? Uncover the True Costs of Installation, Maintenance, and More

Archie Walsh
Dreaming of a Backyard Pool?

Thinking about adding a backyard pool? It’s an exciting idea, but understanding the costs involved is crucial. From installation to maintenance, and even insurance considerations, there are many factors to keep in mind. Let’s break down what you need to know before taking the plunge. Average Cost of Inground and Above Ground Pools Installing an inground pool costs between $35,000 and $65,000 on average, with the national average around $50,000. This depends on size, design, materials, and extra features like landscaping or waterfalls. Pool Size Here’s what you might spend…

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Eco-Friendly Pool Cleaning Solution, The Beatbot iSkim Ultra Revolutionizes Green Pool Care

Guest Author
fun pool day homeowners pool care tips

Eco-Friendly Pool Care Redefined, Discover the Beatbot iSkim Ultra’s Sustainable Cleaning Innovation As society becomes more aware of how its actions affect the environment, products like the Beatbot iSkim Ultra are leading the way in eco-friendly pool cleaning systems. This robotic pool skimmer is not only smart, it’s also the first of its kind specifically designed for intensive cleaning that delivers top-notch performance and puts control back into users’ hands. The clever bit? Clever technology meets sustainable practices to set new standards in environmentally aware pool care, all while doing…

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Citizens Insurance in Florida: A Balancing Act for Solvency

Marc
citizens insurance and florida home insurance balance

The Challenge of Solvency for Citizens Insurance Florida’s Citizens Insurance is at a critical juncture. Initially created as the state-backed insurer of last resort, Citizens has evolved into Florida’s largest insurer, currently holding over 1.2 million policies. This is far from its intended goal of 400,000 to 500,000 policies, and the company now faces significant challenges in maintaining financial solvency, particularly with the looming threat of hurricanes. Citizens’ Policy Shortfall: Aiming for 400,000, Holding Over 1.2 Million Citizens Insurance was designed to provide coverage when private insurers could not, yet…

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From Floods to Fires: How Climate Change is Transforming the Real Estate Landscape

Ester Adams
flooding, hurricanes, and wildfires and how its effecting insurance

The Ripple Effect of Climate Change on the Real Estate Market Climate change, once a distant concern, is now an imminent reality affecting various sectors of the economy, with the real estate market feeling its profound impact. From surging insurance rates to potential market crashes, the cascading effects of extreme weather events are reshaping how we buy and sell homes. Record-Breaking Weather Events In the previous year, the United States witnessed 28 confirmed billion-dollar weather events, marking the highest number since records began in 1980. These events, fueled by climate…

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Allstate Reports Strong Q2 Financial Results Amidst Legal Challenges

John B.
allstate 2q financial report

The Allstate Corporation has reported robust financial results for the second quarter of 2024, showcasing significant improvements across various performance metrics. However, the positive financial news is clouded by recent legal issues involving its subsidiary, National General, and a substantial rate increase request in California. Impressive Q2 Financial Performance Allstate’s total revenues for Q2 2024 reached $15.7 billion, marking a $1.7 billion increase from the previous year. This growth was primarily driven by an uptick in property-liability earned premiums. The company posted a net income of $301 million attributable to…

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