Houston Real Estate Blogosphere
Houston Real Estate Blogosphere brings together all the blog posts of REALTORS from the Houston area in one place
Post by Category
 

Homeowners Insurance

The most recently published posts in the Homeowners Insurance category
If you have a mortgage on your home and you live in a high-risk flood zone, in most cases, your lender requires you to buy flood insurance.However, if you live in a moderate- to low-risk zone, and your community belongs to the National Flood Insurance Program (most do), then you have the option of buying it.If you’re in the latter category, your first question probably is, “How much does...
Read Post [Posted on 07/20/2014 By Kimberly Oldfield]
Homeowner's insurance policies are often an after-thought--that is, until disaster strikes. Home owners in places such as Joplin, MO., Tuscaloosa, AL., and other cities flattened by tornados found out too late that their insurance policies likely would not entirely cover the costs to rebuild. While most home owner's insurance policies will cover tornado damage, many home insurance p...
Read Post [Posted on 07/14/2014 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 and calculations,” acc...
Read Post [Posted on 07/09/2014 By John Askins]
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 07/03/2014 By John Askins]
Home owners' insurance premiums have been on the rise with many home owners seeing double-digit hikes and a rise in average annual premiums now over $1,000. An article at Money Magazine offers some of the following tips to help curb home owners' insurance costs: Shop around. “If your rates rose 5 percent or more [in the last year], make sure to call the company for an explanation,” the M...
Read Post [Posted on 06/26/2014 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 new 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 t...
Read Post [Posted on 06/24/2014 By John Askins]
Some of the nation’s largest insurers continue to raise home insurance premium rates, or plan to soon, reports The Wall Street Journal.For example, State Farm Mutual Automobile Insurance Co. says it increased home owner rates, on average, 7.3 percent, and in some states it raised rates even more. Other insurance companies also report higher rates--a company in Florida reports an 11 percent increas...
Read Post [Posted on 06/20/2014 By John Askins]
The majority of home owners report they know about flood insurance, yet only a small percentage actually add the extra coverage to their standard homeowner’s insurance policy, according to a study by Bankrate.com. Eighty-one percent of Americans say they are aware that standard homeowner’s insurance policies do not cover flood damage. But only 13 percent of home owners report having a flood insur...
Read Post [Posted on 06/07/2014 By John Askins]
National Association of REALTORS®April 30, 2014 Effective May 1, 2014, all buyers of older properties (“pre-FIRM”) will see a premium rate reduction under the Homeowner Flood Insurance Affordability Act of 2014.  Instead of jumping to “full cost” for flood insurance, buyers will assume the seller’s Oct-2013 rate for a pre-FIRM property. NAR prevailed upon FEMA to implement ...
Read Post [Posted on 05/15/2014 By Cynthia Mullins]
Home owners beware: “Your home owner’s insurance now probably covers less while costing more,” The Wall Street Journal reports. Home owner deductibles have been rising the last few years, as home owners who may have once seen $250 to $500 a claim soar to $1,000 to $2,500 a claim in recent years. There’s been a move by the industry to go to percentage-based deductibles, which have caused prices to ...
Read Post [Posted on 05/15/2014 By John Askins]
Always follow the direction of local and state authorities if ordered to evacuate during a flood. Image: Marvin Nauman/FEMA ...
Read Post [Posted on 04/30/2014 By Marla Lewis]
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 04/26/2014 By John Askins]
Following a violent storm or tornado, home owners are left to pick up the pieces and find ways to put their homes back together. And as we enter the traditional spring storm season, insurance executives and legislators are warning storm victims to beware of contractors who try to get home owners to sign costly contracts before the insurance adjusters arrive. These shady contractors are dubbed “sto...
Read Post [Posted on 04/25/2014 By John Askins]
                                                                                                              ...
Read Post [Posted on 04/23/2014 By Susan Greer]
photo NOAABy 2014 NAR President Steve Brown With the passage of the NAR-supported Homeowner Flood Insurance Affordability Act in early April, REALTORS® were able to help bring property buyers and owners relief from exorbitant rate shocks and potentially inaccurate rate quotes that were causing uncertainty in the real estate market. But, the story doesn’t end there.  In fact, that is only ...
Read Post [Posted on 04/17/2014 By Cynthia Mullins]
Next
Find a Blog
Agent name
Blog name