Tag: home insurance customers

Mortgage struggles on the horizon as Florida home insurance problems continue

G. Turner
Home Insurance - Mortgage calculations - Florida Flag

As the coverage crisis continues in the state, there is a risk of a real estate market downturn. As the home insurance crisis drags on in Florida, the risk could increase for a downturn in the state’s real estate market, with a threat of mortgage struggles. Major insurers have been stepping out of the state and have stopped selling new policies. Home insurance customers in Florida are paying the highest premiums in the United States. Residents of the state pay an average $6,000 annual premium to private insurers according to…

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Nearly 3 in 4 homeowners don’t know how their home insurance works

Logan B.
Home Insurance - Confusion about coverage

72 percent of participants of a Forbes Advisor survey don’t know what their coverage gives them. While most homeowners understand that home insurance is critical, but according to the results of a new Forbes Advisor survey of 2,000 policyholders, the vast majority don’t know what their coverage provides. Homeowners don’t understand their coverage even though they said they’re paying more for it. According to the survey, homeowners don’t realize that their home insurance policy provides more coverage than just protecting their house and belongings against damage or theft. It stated…

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Homeowners insurance customers are more satisfied than ever, says J.D. Power

Nordstrom
Home Insurance Customers - Home In hands

A new survey showed policyholders are happier than ever before with their home insurers. Satisfaction among homeowners insurance customers is higher than it has ever been before, according to a new J.D. Power survey. The “U.S. Home Insurance Study” results show the highest scores in the survey’s history. The results of the U.S. Home Insurance Study from J.D. Power were the highest ever. On a scale of 1,000 points, the 2018 study recorded an 818, among homeowners insurance customers. This represents an increase of 10 points over the 2017 results.…

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