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Houston Real Estate Blogosphere
Houston Real Estate Blogosphere brings together all the blog posts of REALTORS from the Houston area in one place
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Homeowners Insurance

The most recently published posts in the Homeowners Insurance category
If you currently rent your home and are wondering if you need to purchase renter’s insurance – here are a few things you should know:  Most renters want to purchase a Renter’s Insurance policy to cover any personal possessions that may be lost in a hurricane, storm or fire.  If you already have a Renter’s policy, make sure you take a thorough inventory of all your...
Read Post [Posted on 02/18/2015 By Marta Guerrero]
Homeowner insurance policies can vary greatly, and if home owners aren’t careful, they may find their claims denied when disaster strikes, according to a study by the University of Chicago Law Review.  While home insurers once used standard policy forms by the Insurance Services Office, now some are coming up with their own policies and a few tweaks in the wording can mean troub...
Read Post [Posted on 02/14/2015 By John Askins]
A new type of insurance can now protect home owners against negative equity. Underwater Mortgage Protection, offered by AmTrust Financial Services. "Our product fills a significant gap that was needed in the marketplace," says Matthew Kayton, vice president of the real estate insurance group at AmTrust. "We will be there to help consumers if they end up in a situation where ...
Read Post [Posted on 02/06/2015 By John Askins]
Many home owners are contemplating reducing their homeowners insurance coverage since their property’s value may have changed. But experts warn that’s not a good idea and could leave home owners with insufficient coverage if a disaster ever strikes. “The market value of your home and its insurance value can vary widely because they are based on different assumptions ...
Read Post [Posted on 01/20/2015 By John Askins]
Low appraisals have been blamed for continuing to hamper the real estate market. So Kirchmeyer & Associates has begun an appraisal warranty insurance program to its appraisal management services to protect lenders and investors against faulty appraisals. The insurance protects lenders and investors against default losses, including repurchase expenses, as well as “provides assura...
Read Post [Posted on 01/16/2015 By John Askins]
The housing market recovery has boosted sales of home warranties for resale properties, but buyers and sellers should weigh the pros and cons of these plans. The Service Contract Industry Council says the policies give sellers a competitive edge and can increase the sales price, attracting buyers worried about the costs of unanticipated repairs. However, some experts believe that unless the house...
Read Post [Posted on 12/26/2014 By John Askins]
Sixty-five percent of home owners with private mortgage insurance say that the additional cost of PMI prompted them to pay a higher monthly mortgage payment than they had originally expected, according to a survey released by TD Bank of more than 2,000 Americans who purchased a home in the past 10 years.  "PMI has had a definitive impact on many home buyers – including making them re...
Read Post [Posted on 12/16/2014 By John Askins]
Feds promise you access to affordable flood insurance through Sept. 30, 2017. And that’s an important win for the housing market and broader economy. Find out why.The National Flood Insurance Program has been renewed for the next five years. Image: Andrea Booher/FEMACongress last week agreed to continue the National Flood Insurance Program for the next five years, saving a vital program that’s the...
Read Post [Posted on 11/13/2014 By Garrett McWhorter]
A natural disaster can strike at any time, in any season..And whether it’s a flood, earthquake or wildfire, being covered against severe damage to your home or business is essential.Across the United States, flooding is the No. 1 natural disaster, according to the Federal Emergency Management Agency.And given the region’s swollen rivers and the promise of heavy runoff this spring from melt...
Read Post [Posted on 11/02/2014 By John Askins]
As home owners look to rebuild from any powerful storm system, they may find a shortfall in adequate home insurance coverage to cover all of the damages, the USA Today reports. Most home owner insurance polices provide coverage for tornadoes, and home owners do not have to buy extra coverage like they do for earthquakes or floods. However, research has shown that despite 96 percent of people ...
Read Post [Posted on 10/19/2014 By John Askins]
Roof damaged by hail? Your insurer may no longer pay to replace it.Bad news for homeowners: As hail storms become more frequent and severe, your insurer may reduce your roof coverage to avoid paying for roof replacement. Image: National Weather Service Storm Prediction CenterIf you live where hail happens most often — basically everywhere in the country east of the line of states running sout...
Read Post [Posted on 10/16/2014 By Garrett McWhorter]
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Read Post [Posted on 10/08/2014 By Susan Greer]
The price of insuring a property can raise the cost of ownership significantly. There are various factors that affect the cost of insuring a home:· Location. A home near a fire hydrant or protected by a professional fire department, as opposed to volunteers, will cost less to insure.· History of claims. Previous claims push up the cost of insurance. Ask the seller to provide a home’s insurance cla...
Read Post [Posted on 09/30/2014 By John Askins]
Private mortgage insurance is unavoidable for some homeowners, but don’t pay PMI premiums a day longer than required by your lender.Your lender should automatically cancel your private mortgage insurance when you’ve built up 22% equity. Image: Inti St. Clair/Photodisc/Getty ImagesPrivate mortgage insurance provides protection to a lender in case you default on your home loan. Unless you make a 20%...
Read Post [Posted on 09/24/2014 By Garrett McWhorter]
Protecting your investment in your home is an ongoing process. Whether you are adding a new roof, painting or buying appropriate insurance; there will be a significant cost to protecting your home. With flooding, hurricanes, and high wind in the Houston area; insurance becomes even more important.Buying a home –When you are buying a home in Texas you will normally pay for an option period dur...
Read Post [Posted on 09/17/2014 By James Brodnax]
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