Surprised by increases in your HO insurance? Even for property owners who have never filed a homeowner’s insurance claim, the premium will be likely go up for 2021 due to an increase in the frequency and severity of natural catastrophes and their resulting insurance claims across the US for the years 2017–2020. In short, losses…
Category: homeowners insurance
New Data Reveals Hidden Flood Risk Across America
No one wants one more thing to worry about but… it would be wise to check out your home’s risk for flooding, recognizing that damage from floods is specifically excluded from homeowner’s policies. New data on flood risks across the U.S. reveals that the risk of flooding has increased substantially and that many homes at…
Millions of homeowners face flood risks without realizing it, and climate change is making it worse
By 2050, 16.2 million properties will be at ‘substantial risk’ of flooding in a given year, report finds. And it’s not just properties along the coast or near rivers. “When Hurricane Harvey struck Southeast Texas in 2017, it provided a real-life stress test of the plans for flood risk in a highly vulnerable region. Southeast…
Homeowner’s Insurance Resource
Time to review your current HO policy, especially if you’ve made renovations to your home or condo. If you have children going to college away from home, their possessions are usually covered by standard HO policies. Reminders: Make sure your home valuation report is up to date Consider full-replacement cost coverage if you live in…