Homeowners band together to protest flood insurance rate hikes

flood insurance rates

Flood insurance rates set to soar in the US Hundreds of thousands of homeowners throughout the U.S. are bracing for the impact of higher flood insurance rates as the Federal Emergency Management Agency (FEMA) makes sweeping revisions to its flood maps and federal lawmakers seek to introduce further reforms to the National Flood Insurance Program. FEMA has been slow to revise its flood maps; so much of the concern among homeowners is related to reforms that were passed last year concerning the federal flood insurance program. These reforms are scheduled…

Read More

Homeowners insurance rates grow nationwide

homeowners insurance rates grow

Homeowners insurance rates are increasing throughout the US Homeowners insurance has become a tricky subject in the U.S. Costs for this type of coverage are typically high in regions that are prone to natural disasters, such as those along the coastline of the Gulf of Mexico. States like Florida and Louisiana typically see high home insurance rates due to the fact that they have been victims of major hurricanes in the past. Homeowners insurance rates are growing, however, and this is not being restricted to just a few states. Rates…

Read More

Insurance Information Institute sees premiums rise in wake of Hurricane Sandy

homeowners insurance cost rising

Insurance Information Institute notes homeowners insurance rates are on the rise and have been for some time Hurricane Sandy is expected to have a significant impact on homeowners insurance premiums in the Northeast U.S., according to the Insurance Information Institute. The trade association suggests that major storms like Sandy often have an impact on insurance rates, but Sandy is not the only factor that is going into the growing premiums of homeowners insurance coverage. The Insurance Information Institute suggests that premiums have been growing since mid-2011 and that Hurricane Sandy…

Read More

Report shows homeowner’s insurance rates growing nationwide

homeowners insurance

RateReport study documents growths of rates in 2011 Homeinsurance.com, a leading online source for home insurance policies, has released information concerning the state of homeowner’s insurance premiums throughout the U.S. Homeowner’s insurance continues to be an issue that attracts a great deal of attention because of the fluctuations in the housing market and the frequency of natural disasters that have been occurring in the country. The company has released the latest edition of its RateReport study, which investigates approximately 15,000 policies throughout the country sold by companies such as Travelers,…

Read More