Among the 70 large and medium-sized cities, 24 recorded monthly increases in new home prices, up from 23 in December, while seven saw gains in resold home prices, down from nine the previous month. Notably, new home prices in second-tier cities increased by 0.1 percent in January, markin...
These increases are driven by a potent mix of rising insurance payouts coupled with rising costs of construction as people build increasingly expensive homes and other assets in harm’s way. When home insurance averages $2,377 a year nationally, and$11,000 per year in Florida, this is a bl...
By scheduling a junk removal service in November, you can make room for new holiday decorations and gifts. Don’t let clutter dampen your holiday spirit – take advantage of this time to freshen up your living space and create a cozy atmosphere for celebrations. Home Renovation Projects (Any...
Altogether, home insurance premiums increased 35% nationally from 2021 to 2023, with homeowners in Florida (68%), New Mexico (47%), Colorado (46%), Idaho (46%), and Texas (46%) facing the biggest average increases during that span. ...
Enhanced limitations:Increases the amount of coverage for high-value items, such as fine art, wine, spirits, some collectibles, jewellery and more. Boost your coverage with optional add-ons Customize your Home Insurance to suit your unique needs and preferences with additional add-ons. ...
Insurance crisis in Florida, across the nation, gets national spotlight Double-digit increases Across the U.S., most insurers lifted their rates for homeowners' coverage by double digits last year, according to S&P Global. For instance, Progressive's rates rose 10.4% in 2023, up from a 2.9%...
Investment value:Over time, your home should theoretically increase in value. According to the Federal Housing Finance Agency,home value prices increased 3.0% between the second quarters of 2022 and 2023and 4.3% since 1991. When your home increases in value, your net worth increases. If you sel...
Comprehensive Coverage: According to our State Farm home insurance review, State Farm provides extensive coverage options for various risks. Cons: Limited Availability: State Farm’s services may not be accessible in all areas. Potential Premium Increases: Premiums may rise over time, affecting afforda...
Insurance companies often require proof of regular maintenance as part of their coverage agreements. By staying up-to-date with inspections, you avoid any potential disputes regarding coverage in case of unforeseen damages.… November 23, 2023 Home Key Considerations When Buying a House in Costa ...
That's $52 billion more than in 2023. And of those losses, the company says less than half were covered by insurance. According to the company, weather catastrophes were responsible for almost all of the financial loss. They say 93% of overall losses and 97% of insured losses were caused...