Tag: Ohio homeowners insurance

Ohio insurance shows that its rates in many sectors are highly affordable

H. Cutner
Ohio homeowners Insurance

A recent study compares auto and homeowner policies over a span of three years. Though the storms that Ohio has faced over the last few years have made insurance news in their ever increasing effect on rates, despite the rises in premiums, the state is still among the most affordable places to purchase both auto and homeowners coverage. Homeowners premiums have risen in Ohio by an average of 6,2 percent since 2011. This, according to the latest Ohio Department of Insurance news data. Similarly, statistics from that department have also…

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Ohio home to some of the lowest insurance rates in the country

S.Vagus
homeowners insurance

Department of Insurance releases report on insurance rates The Ohio Department of Insurance has released a new report that shows that the state boasted of some of the lowest homeowners and auto insurance rates in the country. The agency compiles data concerning homeowners and auto insurance rates every year and provides information concerning how the state ranks with others on the matter of premiums. According to the report released by the agency, Ohio is home to the 10th lowest auto insurance and 6th lowest homeowner’s insurance rates based on 2011…

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Homeowners insurance rates spike following severe storms

Homeowners Insurance

Ohio weather has caused the price of coverage to climb by 40 percent in 7 years. Residents of Ohio have been watching their homeowners insurance rates steadily climb from 2003 through 2010, and this trend is expected to continue onward following a series of severe weather events. The 40 percent increase is only the beginning of the growing prices for that state. The continuing increases in homeowners insurance premiums came in a time when Ohio held the ninth place position in the country for disaster damage claims. This position was…

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Ohio earthquakes may be linked to fracking – Department of Natural Resources to investigate

S.Vagus

A string of earthquakes have led Ohio officials to put a halt to controversial “fracking” operations that are scattered throughout the state. Fracking is the process of drilling deep into the earth to extract gas from shale, a fine grained sedimentary rock. The wells drilled into the earth are often filled with brine water in order to draw the gas to the surface. Some claim that the pressure from these water injections into the well is the cause behind the earthquakes. Most of the quakes rocking the state have been…

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Independent insurance agents in Ohio flock to new insurance plan that may be a major hit with homeowners

Last month, Ohio’s Home Value Insurance Company launched a new insurance product dubbed Home Value Protection Insurance. The insurance plan is the first in the nation to provide protection against falling home prices due to a volatile market. Since announcing the plan, more than 75 independent insurance agents have applied to sell it, making Home Value Protection Insurance one of the most popular policies amongst agents in the nation. Given that the plan has no equal, there is an unprecedented opportunity for agents able to sell the product. The coverage…

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