Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
North Carolina Storm Recovery Chief Accedes Frustrations Over Hurricane Matthew Recovery
May 23 2018 // North Carolina’s emergency management chief acknowledged a laborious process for homeowners seeking federal funds for repairs due to Hurricane Matthew and is looking for improvements looking to the next storm. While...
7 Questions to Consider When Selling Flood Insurance
May 21 2018 // Any agent who has used the National Flood Insurance Program (NFIP) in the past to deliver flood insurance to clients knows all too well that trying to simplify the complexities of flood insurance in the midst of program...
Insurance Department: Competition Increases in Louisiana Homeowners Market
May 15 2018 // The Louisiana Department of Insurance says the state’s homeowners insurance market is much more competitive these days than it was a decade ago. The LDI reported in its 2018 Agency Snapshot that in 2017, the...
Connecticut Lawmakers Vote to Add $12 Fee to Help Homeowners
May 11 2018 // Legislation adding a $12 annual surcharge on insurance policies of every Connecticut residential homeowner to help those homeowners with crumbling foundations is moving to the governor’s desk. The state Senate on...
Connecticut House Passes $12 Fee to Help Crumbling Foundation Homeowners
May 10 2018 // Connecticut moved closer Saturday toward adding a $12 annual surcharge on the insurance policies of every residential homeowner to financially help hundreds, if not thousands, of homeowners with crumbling foundations pay...
Hawaii Insurance Commissioner Says Homes Destroyed by Kilauea Lava are Covered
May 9 2018 // Hawaii’s insurance commissioner has made it clear that homes destroyed or damaged in the recent lava flow into a Hawaii neighborhood are covered for the damage under homeowners insurance policies. Gordon Ito, who has...
Want Flood? Let the Market Make it Happen.
May 9 2018 // I spent a day last week in a conference that was focused on some specific risks that make up a property insurance gap nationwide. The morning was focused on one of my favorite soap boxes, flood. You guessed it. It’s...
Why Agents Should Care About Underinsurance
May 8 2018 // This post is part of a series sponsored by CoreLogic. When it comes down to it, the biggest loser in a property that is underinsured is the homeowner who may not be able to rebuild their home to the way it was before a...
Lava from Hawaii Volcano Destroys Dozens of Homes
May 7 2018 // Hawaii’s Kilauea volcano has destroyed 26 homes and spewed lava hundreds of feet into the air, leaving evacuated residents unsure how long they might be displaced. Hawaii County officials said another four...
Quake Scenario: More than 1M Bay Area Homes Could Suffer Extensive Damage
May 7 2018 // More than a million San Francisco Bay Area residents would face extensive damage to their homes after a major earthquake on the Hayward fault, according to a new earthquake scenario developed by the U.S. Geological...
North Carolina Homeowners Insurers Agree to 4.8% Rate Increase
May 7 2018 // The North Carolina Department of Insurance has reached a settlement with the North Carolina Rate Bureau to increase homeowners insurance rates statewide by an average of 4.8 percent. The agreement between the two parties...
115 Homes in Hawaii Destroyed or Damaged by Heavy Rains
May 4 2018 // Last month’s record rains destroyed or did major damage to 115 homes on Kauai and Oahu islands, the state of Hawaii said Wednesday as it sought a disaster declaration from the president. The cost of emergency work...
Five Things Homeowners Need to Know About Finished Basements
May 3 2018 // This post is part of a series sponsored by CoreLogic. 1. Does a Finished Basement Increase a Home’s Value? An example of Remodeling Magazine’s definition of a midrange basement remodel costing $71,115. It...
Insurers Offering Discounts on Tornado-Resilient Homes in Oklahoma
May 2 2018 // Dozens of insurance companies are now offering discounts to Oklahomans who have built or retrofitted their homes to certain tornado-resilient standards, the Oklahoma Insurance Department announced. A new law went into...
AAA Carolinas Launches Inland Flood Coverage for Homeowners
Apr 30 2018 // AAA Carolinas Insurance has launched new inland flooding protection for policyholders. The Inland Flood Coverage is one of three new enhancements offered by AAA Carolinas Insurance, headquartered in Charlotte, N.C. Home...
FEMA Proposes Allowing Owners to Rebuild Homes After Taxpayer Buyouts
Apr 26 2018 // The Federal Emergency Management Agency is proposing to allow owners of homes destroyed by storms and bought out by the government to rebuild on the same flood-prone land. Currently, FEMA offers to buy homes that have been...
California Commissioner Doing Battle with Insurers over Wildfire Bills
Apr 25 2018 // California Insurance Commissioner Dave Jones appears to be poised for a fight with the insurance industry over a legislative package supports say will protect survivors of last year’s wildfires that struck in the...
The Simple Reason Homeowners’ Customers Need Replacement Cost
Apr 25 2018 // I’ve been thinking a lot about homeowners’ insurance lately. That might be because I’m in the middle of the BPIC (Basic Personal Insurance Course) and the last two sessions have been focused on...
North Carolina Homeowners Insurers Agree to 4.8% Rate Increase
Apr 19 2018 // The North Carolina Department of Insurance has reached a settlement with the North Carolina Rate Bureau on homeowner insurance rates that will increase rates statewide by an average of 4.8 percent. The agreement between...
Quake Scenario: More than 1M Bay Area Homes Could Suffer Extensive Damage
Apr 18 2018 // More than a million San Francisco Bay Area residents would face extensive damage to their homes after a major earthquake on the Hayward fault, according to a new earthquake scenario developed by the U.S. Geological...
