Car versus home insurance. Which is more important? City Press reader Pam from the Eastern Cape has the following question: “I am unemployed and had insurance covering my car and household items. By the end of last year, I knew that I couldn’t afford my premiums for household cover any more. I decided to keep the car cover and asked my insurance company to drop the household cover. “My thought was that the premium would drop from R1 000 to R500 or R600, tops. To my surprise, it came to R800, which forced me to cancel the car cover. How does that happen?” Budget Insurance experts Tyrone Lowther and Kubashan Naicker answer: Generally, it’s more expensive to...
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California is currently a state in turmoil. Fires have ravaged and continue to threaten several parts of the state, making it more dangerous for homeowners and increasing coverage risks for homeowners insurance providers. These issues and more converge to create multiple headaches everyone. Key among them are rising homeowners insurance rates, which ultimately make it more expensive to own a home in California. Although some California homeowners have never directly impacted by wildfire, most have will likely seen homeowners insurance rates rise dramatically in the past few years. Unfortunately, the rising rates are not over yet. How Much Does Homeowners Insurance Cost in California? Some...
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FOSTER CITY, Calif., April 6, 2020 /PRNewswire/ -- The highest homeowners' insurance rates in the nation belong to ZIP code 33070, home to Islamorada Village of Islands, on Plantation Key in Florida, according to Insurance.com's analysis of average rates for nearly every ZIP code in the country. ZIP codes in Louise, Texas and Mobile, Alabama rank second and third, respectively, according to Insurance.com, an independent consumer guide to insurance. Homeowners can enter a ZIP code in Insurance.com's average home insurance calculator to see the average premium for the location, as well as the highest and lowest rates from among six insurers. You can get a customized rate by choosing from...
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FOSTER CITY, Calif., April 6, 2020 /PRNewswire/ -- The highest homeowners' insurance rates in the nation belong to ZIP code 33070, home to Islamorada Village of Islands, on Plantation Key in Florida, according to Insurance.com's analysis of average rates for nearly every ZIP code in the country. ZIP codes in Louise, Texas and Mobile, Alabama rank second and third, respectively, according to Insurance.com, an independent consumer guide to insurance. Homeowners can enter a ZIP code in Insurance.com's average home insurance calculator to see the average premium for the location, as well as the highest and lowest rates from among six insurers. You can get a customized rate by choosing from...
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Why Your Homeowners Insurance Went Up If you compare your insurance premiums over the last few years, you'll notice it increases. It’s usually not by much, but it tends to increase every year. You should pay attention to rising costs so you can decide if you want to shop for a more affordable insurance provider. These are 10 common reasons why your premium likely increased by a little (or a lot) over the past few years: About 1 in 19 homes experience a claim each year with an average payout of $11,666. Wildfires, tornadoes, hurricanes, the list of catastrophes goes on and on. In 2017 alone, there were over a million fires across the nation, costing $23 billion in damage. Your...
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Homeowners in Los Angeles pay an estimated homeowner’s insurance premium of $655 per annum, which is significantly lower than the national average of $1228. This is due to factors such as lower crime rates, better response times from the fire departments and lower chances of natural calamities striking Los Angeles. Homeowners in Los Angeles can lower their premiums further by using superior fire-resistive material for their construction. Fire-resistive constructions can earn homeowners a discount of up to 26% on the insurance rate. Those with brick veneer constructions can get up to a 6% discount on their insurance, and homeowners living in masonry constructions get a discount of up to 17...
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The cost of your insurance policy depends not only on the coverage you select, but also on a number of other factors, some of which may surprise you. Big Factor: Checkbook collected annual premiums for sample policyholders for the companies that write almost all of the homeowners insurance business in seven metro areas and found that some companies charge twice as much as others for the same coverage. For instance, our sample family living in Washington, D.C., would pay only $978 per year with Travelers, $2,752 to continue with State Farm, their current insurer, and also more than $2,500 per year with Amica or Lemonade. Checkbook found that most homeowners can save more than $500 a year by...
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Hippo Home Insurance Review 2020 // Buy Online Instantly! Summary: Hippo is hands-down, the best way to buy homeowners insurance online and avoid the traditional 3 to 5 day home insurance application process. However, the website doesn't do a great job explaining how the claims process will work and right now Hippo is only offered in a few states. To go over all of the additional coverage options that are included with your policy, and to help you see how simple and fast they make it for you to apply online for homeowners insurance and get immediate coverage. According to a recent study conducted by Hippo. 70% of people do absolutely no research before they buy home insurance, and 73%...
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Residents of the State of Michigan have experienced their fair share of severe weather. Heavy snow, freezing rain, and ice storms are common in this part of the country. If you plan to relocate to the area, it’s highly recommended that you take out a good homeowners’ insurance policy. Doing so could help protect you from paying for damages such as fallen trees or a water pipe burst. An insurance policy will also help you avoid legal issues if some stranger slips and falls on your property due to cold and icy weather conditions. Whether you are looking for a new insurance policy or have never taken out homeowners’ insurance in the past, there are several things you should know before you...
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Homeowners Insurance Rates for Those in Treasure Island, St. Petersburg, Pinellas Park, Indian Rocks Beach, Tarpon Springs & Beyond Homeowners insurance rates will vary greatly from carrier to carrier, and they can rise and fall based on a number of factors including property size, property value, and whether or not you opt for full buildings and contents insurance. Typically, your mortgage lender will require you maintain some sort of homeowners insurance policy to ensure their investment is protected, but that minimum policy requirement does not always cover all of the contents contained within your home. By adding a separate buildings and contents clause to your current homeowners’...
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