Category: Homeowners Insurance

What is Inflation Guard, and why does my homeowners insurance rate go up every year?

This is a question I get asked a lot, almost daily I would say. There are many factors that can cause your homeowners insurance rates to change, but only one that will cause a constant increase; Inflation Guard.  Let’s look at some of the potential factors that may impact your premium. Factors that could cause an increase include: Rate Increase – Your carrier filed for a rate increase, it was... Read Article

FEMA agrees to reopen all Superstorm Sandy flood claims

Following a meeting with U.S senators from New York and New Jersey and in response to allegations that some insurers in the National Flood Insurance Program may have denied claims from Superstorm Sandy based on altered engineering reports, FEMA has agreed to reopen every flood insurance claim filed by Superstorm Sandy victims. Approximately 144,000 claims will be affected by FEMA’s decision. FEMA also announced that... Read Article