Tag: home insurance rates

Homeowners insurance on its way up for Colorado residents

Colorado homeowners insurance industry wildfires

After many had been told that the fires wouldn’t have much impact on rates, increases are still here. Many long time residents of Colorado are now facing the largest homeowners insurance premiums increase they’ve ever seen, as the impact of years of catastrophes, barely including the wildfires, on their rates is now being revealed. Unfortunately, this is only the start of what is likely to be a larger wave of increases. Though the very first of the homeowners insurance customers to see the increases have already done so on their…

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Homeowners insurance could rise by 18 percent in North Carolina

North Carolina Homeowners Insurance Rates

The state commissioner is currently considering this increase, which some agents are calling necessary. Homeowners insurance customers could soon find that their premiums are headed strikingly upward in North Carolina, as the commissioner considers a price hike by an average of 18 percent. Many customers are saying that this is an additional financial burden that is making the coverage unaffordable. Many residents of the state are very upset and feel that an increase of this size is unfair and could make their homeowners insurance cost prohibitive. The average annual rate…

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Homeowners insurance could rise by 15 percent for Florida policyholders with State Farm

Florida Homeowners Insurance

Third largest home insurer in the state has requested a statewide rate hike to fund intended changes. The third largest homeowners insurance company in Florida, State Farm, has submitted a request to increase its rates by 15 percent in order to pay for changes it hopes to make on the deductibles and discounts to its policies. Some of these alterations include bringing back or increasing various types of discounts. According to the company, these changes will require an average statewide increase in homeowners insurance policy rates by 14 percent, with…

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Understanding the basics of condo insurance

Marc

Condo owners, similar to owners of houses, can greatly benefit from the coverage provided by insurance that protects them from damage to their property, as well as from liability. Many condo owners do have questions about condo insurance, however, as it is slightly different from the typical homeowners policy. Though they remain quite similar, there are some ways in which they differ due to the nature of the condo itself. In order to find out what types of insurance are available to your condo, speak with an insurance provider. Many…

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Florida Property Insurance Reform Underway

H. Cutner

In Tallahassee Florida, the fight for the insurance reform could mean an expensive cost of millions of dollars to the concerned customers during the legislative session. According to the private insurance industry, Citizens Property Insurance – a government run company, should raise its rates to its customers as well as reduce the coverage for them since they cannot possibly compete with these. The state lawmakers are now considering this and it could lead to a rapid increase of payments for the residents of Tallahassee. Similar changes have been noted, such as…

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