Your offer on the home has been accepted and you’re working your way through the tasks to close. One of those tasks will be to find home insurance for your new home. If you’re wondering how you compare this offer with that offer, you’re not alone! Over 95% of the people I talk with don’t know anything about home insurance or how to compare multiple offers. Aside from rate, there are 4 areas you should review when comparing.
Roof age has become increasingly more important over the past 3 years to home insurance companies due to the amount of money they’ve paid for hail damage claims in north Texas. Knowing when it was last replaced can have a positive or negative impact for the home buyer. Here are 4 ways the roof’s age can impact a home buyer.
Sheri and I visited family in Alabama over the Memorial Day weekend. We all watched the weather reports on sub-tropical storm Alberto as it turned north in the Gulf and headed toward the Florida panhandle and Alabama. It serves as an excellent reminder that hurricane season officially begins on Friday, June 1 and runs through the end of November. With that in mind, let’s review home insurance and remember a hurricane or named storm can impact central and north Texas residents as easily as it does our coastal neighbors. Specifically, I’ll address two key areas of your home insurance policy to review along with two other related policies.
… what does home insurance cover when it comes to firearms and was addressed in an Insurance Journal article that appeared after the Parkland shooting. There are two coverage types within most home insurance polices that potentially address firearms, personal property and personal liability coverage.
Last week, I gave a presentation to a group of people on Home Insurance Frequently Asked Questions. It was a delightful time that spurred even more questions from the audience. This gave me the idea to take some of the points and write a series of posts on them, many of which I write about annually. With that as our guide, let’s look at four factors insurance companies use to determine your annual rate that have nothing to do with your home. They do, however, have everything to do with you!
What kind of insurance policy is needed to protect personal property or contents while it’s in storage? This was the question a friend of mine texted me the other day. She put her home on the market and received an excellent offer within a few days, however her new home won’t be finished for another couple of months.
One of the sayings I heard after moving to Dallas was, “If you’re tired of the weather in Texas, just wait a few hours and it will change.” That may not be entirely accurate, but our weather does tend to be filled with surprises. 2017 held a couple of major surprises for Texans and its effect on home and car insurance will be felt this year. Let’s look at what happened and how it will impact home insurance this year.
Over the past two weeks we’ve examined how you and your home impacts what you pay for home insurance. Your home policy also impacts what you’ll pay, so let’s delve into four common areas that lower or raise your rate.
Many people are surprised to learn their home insurance rate will change from year to year. Many times, there will be an increase as we’ve seen in the past few years, and sometimes there will be a decrease. Rates fluctuate, so let’s examine why!
Summer’s here and while our hail storms are probably behind us, its impact continues to unfold for homeowners in the Dallas / Fort Worth metroplex and San Antonio. Home insurance companies paid an unprecedented amount in claims and tallied up losses from the storms. The impact goes beyond insurance companies balance sheets, it’s being felt by homeowners and buyers in both north and central Texas as insurance companies consider their options. The responses include moratoriums, increased deductibles, increased rates, and coverage shifts.
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