Category: Homeowner Insurance
Home Insurance Replacement/Rebuild Cost. Homeowner Beware!
Posted: May 7, 2010
HOME REPLACEMENT-REBUILDING COST AND HOME MARKET VALUE ARE NOT THE SAME VALUE! Insurance companies don't care about the market value of your home. I will restate to annoy and alarm, insurance companies don't care about the market value of your home. Insurance companies however are very concerned with the replacement cost or rebuilding cost of your home. Just about every homeowners insurance contract requires you...
Minnesota Homeowners Insurance Claim-Loss Problems
Posted: March 3, 2010
Minnesota was the third worst profitable homeowner’s insurance market in the nation for the decade that ended in 2008. Only Mississippi and Louisiana were worse. Insurance companies lost money in 8 of the last 10 years. What are the causes? Bad Weather: Hail Storms Wind Storms Tornados Pipe Bursting Cold Severe Snow Overall insurance carriers posted a 19.3% annual loss for the decade. In 2008...
Why Are Homeowners Insurance Rates Rising?
Posted: April 8, 2009
Homeowners know that the price they pay for insurance depends on factors like type of construction, age of the home and the quality of local fire protection services. Nevertheless, it is the extraordinary number of catastrophes, the high cost of home repairs, the aging of the U.S. housing stock and the emergence of mold claims (yes, I said mold) that are pushing homeowners insurance rates...
Personal Property Inventory
Posted: March 20, 2009
Would you be able to remember all your possessions in the event of catastrophic homeowners loss? Most people would say no. Don't make a terrible loss worse. Start a personal property/home inventory today. If making a personal property/home inventory seems to be daunting and expensive help is here with "Know Your Stuff". Know Your Stuff makes creating and updating your home inventory easy. And with...
