Changing a homeowners insurance policy often results in better coverage, and sometimes, savings. This can be done whenever the value of a house changes.

Whenever the value of a private home (and its covered contents) changes, a change in a homeowners insurance (HOI) policy can help save money, and lead to better overall coverage. This means that reevaluating a policy and its cost, and the amount of coverage provided by it can be very worthwhile every so often, as changes in the value of a home and its contents means a change in the cost and value of a homeowners insurance policy. Full Post…

For senior homeowners in Connecticut, getting cheap home insurance is difficult enough, but for those who have taken long-term policies in preparation for a comfortable life in nursing homes, the problem has just gotten bigger.

This is because the Insurance Department of the state has recently approved a 39% rise in long term insurance premiums offered by MetLife. Elderly residents who have policies for this type of insurance are facing a yearly payment that is almost double of what they used to pay. According to most of them, this could prove to be impossible to fulfill.

The premiums, which are meant to cover in-home assistance and nursing home care, have reportedly been rising in the past few years, but the recent jump is the highest so far for state holders. Full Post…

i am renting a house from a friend and she wants me to get renters insurance because we had a problem with the toilet clogging in the pipes underneath the bathroom floor and down thru the living room ceiling, which now needs repaired. This has happened twice before, but when my my friend/homeowner had been living here, herself…and the problem occured in her master bathroom, which is now mine. So she knew of the problem previously…But can renters insurance cover this kind of damage to someone elses property?

Weakness in the housing market and the U.S. economy will drag on revenue next year in the U.S. title insurance industry, according to a report issued Monday by Fitch Ratings.

Despite low mortgage interest rates, home sales and new mortgage loan originations remain anemic, hurting title insurers’ prospects for revenue growth, the ratings firm said.

“The main challenge facing title insurers’ management is how to align their operating structures with the further anticipated declines in mortgage originations for 2011 while simultaneously maintaining customer service and a flexible infrastructure to take advantage of any market opportunity,” said Gerry Glombicki, director and title sector head for Fitch.

The report gives the title insurance sector a “negative” outlook.

Fitch does expect a modest improvement in the title insurance industry’s capital position, as measured by the risk-adjusted capital ratio, at the end of this year. Full Post…

College student renter’s insurance protects a renter or leasee from property loss in case of fire or other acts of nature, as well as personal injury.

Students living off-campus while away at college should strongly consider purchasing renter’s insurance to protect their personal property. Regardless if the rental property is a home, condominium, or an apartment, the landlord’s insurance is solely for the protection of the landlord — it does not protect the renter. Loss, theft, or damage to the student’s personal property, such as computers, televisions, stereos, and other property can be a significant setback for a college student’s finances.

What Renter’s Insurance Covers

College students renting property off-campus are a perfect example of the type of person renter’s insurance is best suited for. Not only

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The third in a series of articles on appealing a National Flood Insurance Program claim settlement

In the two previous articles of this series we have looked at whether you can file an appeal on a flood insurance claim without the aid of a lawyer or public adjuster and how to begin the process. If you are just joining, it may be preferable to review the first two articles now:

• Article One: Do I Need a Public Adjuster to Appeal My Flood Insurance Claim?
• Article Two: Preparing to Appeal a Flood Insurance Adjuster’s Damage Estimate.

The estimate of flood damages presented you by the flood insurance adjuster simply is not enough to cover the repairs you must make. Y

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