Full name(required) · Email(required) · Phone number(required) · Where do you live?(required) · Has your home insurance increased significantly over the last few years? If so, by roughly how much?
Rising home insurance rates are also driving up the monthly dues charged by homeowner associations, or HOAs. The jumps in dues come as people are faced with higher property taxes and an overall tight housing market. Homeowners who can’t pay the higher dues as well as any special assessments HOAs levy to handle deferred maintenance and needed updates leave people vulnerable to having liens imposed on their property or foreclosed on. Reporter Judith Kohler would like to talk to people who have e...
CoreLogic’s 2024 Wildfire Risk Assessment comes as insurance companies increasingly rely on technology to help them determine how big the wildfire risk is across the United States and, in turn, how much they need to charge homeowners to cover those risks while still turning a profit. The problem, according to consumer advocates and industry regulators, is th ...
The destructive wildfires of the past three years have sparked an overhaul of homeowners insurance in Colorado that consumers should start noticing in coming weeks. “The cycle of natural disaster has brought to the forefront the importance of insurance. A few years ago, there wasn’t much attention,” said Carole Walker, executive director of the Rocky Mountain Insurance Information Association. Legislators, responding to angry constituents, passed House Bill 1225 this year to boost the prot...
Rising insurance costs increase monthly mortgage payments. The average annual home insurance rate increased by 19.8% between 2021 and 2023, from $1,984 to $2,377. This year, rates are projected to increase by another 6%. Insurify, a digital insurance agent that compares quotes from over 100 insurance companies, surveyed American homeowners and analyzed homeowners insurance costs in every state to project rate increases based on historical pricing and local factors. ...
Homeowners insurance is a vital component of protecting your investment in your home. Whether you live in a house, condo, or mobile home, having adequate coverage is essential to ensure that you are prepared for any unforeseen circumstances that may arise. However, finding affordable homeowners insurance rates in Denver, PA can be a challenge. In this article, we will discuss five reasons why having adequate coverage is important, four ways to save on policy rates, and four different types of ho...
This may come as no surprise to homeowners, but the cost of Colorado’s homeowners insurance is the eighth highest in the nation, according to Bankrate, a financial services company that tracks all sorts of monthly bills. At an average of $266 per month or nearly $3,200 a year, premiums are higher here than in states such as California ($121) and New York (144), as well as neighbors Arizona ($172), Utah ($104), New Mexico ($169) and Wyoming ($131). Blame extreme weather, hail damage and wildfir...
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State Farm is usually the best home insurance company for Colorado homeowners, with rates 19% below average, but USAA may be best for military families.
Linda Peterson was stunned when she received the renewal notice for her homeowner’s insurance policy a few weeks back. ; The annual premium was rising from $1,370.74 a year to $1,981.99, a much larger jump than she had expected even with the calamities she witnessed in her own backyard of Colorado Springs. ; “We have lived here 20 years, and it is the biggest increase we have received,” she said. ; The dismay Peterson experienced is expected to become much more common in the months ahead as insurers in Colorado try to bring premiums into line with claims.