Hurricane Insurance Current Rates, News & Information

Insurance Break for Post-Hurricane Katrina Home Renovations

Posted in Home Insurance , Hurricane Insurance

October 2nd, 2009
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If you own a home in Louisiana, you can take advantage of insurance and tax breaks bytaking on home renovations that comply with statewide building standardsenacted after Hurricane Katrina. Luckily, these renovations can not only help you save money in the long-run, but also protect your home from future wind and water damage.

The Real Way to Lower Florida Hurricane Insurance Premiums

Posted in Home Insurance , Hurricane Insurance

September 24th, 2009
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In the midst of our recession, Florida residents are looking for as many ways as possible to lower their hurricane insurance premiums. Unfortunately, it doesn’t look like they’re going to getthe help they hoped to receive from the state’s insurance provider.

Citizens Out

Citizens Property Insurance – the cheapest provider in the area – has been in financial trouble for some time, making it difficult to dish out the cash needed to help rebuild properties that have been destroyed by previous storms. And even thoughthe statehas received help from the government in the form of a $5 million FEMA grant to help rebuild and prepare the area for future hurricanes which can help lower premiums,not everyone is going to benefit from it.

Federal Flood Insurance Standards Proven Unsatisfactory

Posted in Home Insurance , Hurricane Insurance

September 21st, 2009
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Most of the homes that were swept away by Hurricane Ike in Texas met the standards set by the Federal Emergency Management Agency (FEMA), while 10 that went above and beyond those standards were among the 11 that were still standard along the Bolivar Peninsula. Coincidence or not? According to a recent report from the Institute of Business and Home Safety, FEMA is not using adequate standards to gauge the level of storms that come through the area. As a result, homes that meet FEMA’s standards can easily be swept away.

Some Coastal State Homeowners Unhappy with New Hurricane Insurance Law

Posted in Home Insurance , Hurricane Insurance

September 15th, 2009
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Inland homeowners along the coastal states, namely North Carolina, are unhappy witha hurricane insurance law that seems to favor wealthier coastal-area homeowners. Under the new law that took effect in the state last month, inland homeowners will be held responsible for coverage ofcoastal homes if the state’swind coverage plan, known as the Beach Plan,empties out with a big storm.

U.S. Coastal Zones Seeking Stable Hurricane Insurance Rates

Posted in Home Insurance , Hurricane Insurance , Travelers

August 25th, 2009
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Travelers Companies Inc. is leading a number of companies representing eastern coastal states in the pursuit of hurricane home insurance coverage rate regulations. The hope is that with the addition of rate regulations, both homeowners and insurers can breathe a financial sigh of relief as the states try to manage the home insurance crisis that is battering budgets as destructively as hurricanes have battered coastlines. It seems as though no one is able to find affordable home insurance rates.

The Challenges of Florida Home Insurance

Posted in Home Insurance , Hurricane Insurance

August 19th, 2009
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For many East Coast residents experiencing winterdoldrums, Florida is the answer to their dreams. It appears that nearly year round there is glorious weather that can be experienced throughout the state. But the reality is, Florida is an area prone to hurricanes, flooding and all the havoc that type of weather can create. Because of that, many Florida homeowners are finding it increasingly difficult to locate affordable home insurance and the state’s mitigation efforts are not providing the anticipated results.

Florida Residents Will No Longer Benefit from State Farm Discounts

Posted in Home Insurance , Hurricane Insurance , State Farm

August 14th, 2009
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If Florida residents haven’t been hit hard enough with high homeowners insurance premiums – and storms to boot – now State Farm customers will be losing some much-needed discounts. According to the major insurance provider, in the next few months, customers will no longer benefit from certain5-20%discounts as it tries to better restructure its expenditures amidst one of the most severe US recessions in history.

North Carolina’s Beach Plan Gets Rescued

Posted in Home Insurance , Hurricane Insurance

August 7th, 2009
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North Carolina’s Senate recently passed a bill to approve the rescue of its coastal insurance plan, known as the Beach Plan. In this bill, reforms have been made to help place caps on the overextended hurricane budget so that property insurers don’t suffer exceeding costs after a disaster.

Floridas House Property Insurance Bill to the Rescue!

Posted in Home Insurance , Hurricane Insurance

August 7th, 2009
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Property insurance is a big deal in a state like Florida where the likelihood of natural disasters, namely hurricanes,is higher than many other states. This is why there are so many home insurance companies throughout the state. They are essentially the fabric of individual communities -they bring financial protection to the forefront and help to employ many residents.

Home Insurers Biting Their Nails about Hurricane Season

Posted in Home Insurance , Hurricane Insurance

July 24th, 2009
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It’s been rumored that life and property insurance agents have been biting their nails ever since the onset of hurricane season a few weeks ago. No one is looking forward to the prospect of another Hurricane Katrina wiping out any part of the country. But with enormous payouts at the forefront of the insurance industryafter a natural disaster, those who will be responsible for sending out payments for damages are a little nervous about this season to say the least.