insurance: Should I lower the amount I insure my home for? - 04/15/09 11:19 AM
Since housing prices have dropped, I've been getting more and more inquiries from homeowners about whether they should lower the amount they insure their home for. Great question.
The price that most homeowners see going down is the market value of their home. The 'market' value of the home is really … (3 comments)
insurance: NC Uninsured Underinsured Motorist Insurance now required - 02/13/09 09:55 AM
It's about time!
Effective 1/1/09, all NC auto insurance policies are required to carry Uninsured +/or Underinsured Motorist (UM/UIM) coverage. It was part of NC HB 738.
What does this mean to you and me?
Whatever your current Bodily Injury and Property Damage limits are on your auto insurance, your UM/UIM … (9 comments)
insurance: NC Beach Insurance Plan Update - 12/17/08 10:54 AM
Finally, the NC Department of Insurance has decided to take on the mounting financial problem facing North Carolina's Beach Plan. A second major carrier has withdrawn from the home insurance market and more are getting ready to follow. Our newly appointed, er, elected commissioner, Wayne Goodwyn vows to take the bull … (1 comments)
insurance: Two Fortune 100 Insurance Companies In Trouble - 11/03/08 01:38 PM
This week, TWO FORTUNE 100 INSURANCE COMPANIES are out looking for capital to shore up their books. Both companies suffered losses in their investment portfolios and now need cash infusions to remain solvent. This is a pretty scary situation given that insurance companies are supposed to be the most risk-averse and conservative … (0 comments)
insurance: NC Beach Plan in Peril - 10/24/08 09:48 AM
Have you ever seen the series 'Planet in Peril' on CNN? Well, we've got our very own perilous situation right here in North Carolina. Our insurer of last resort along the coast, 'The Beach Plan' is in trouble. A new independent study performed by The Property & Casualty Insurers Association of … (0 comments)
insurance: Insurance Purchasing Basics - 09/05/08 11:20 AM
Finally, a mainstream news article that tells it like it is about buying insurance. Although the article is written specifically for purchasing auto insurance, you can quite easily translate the advice into home insurance buying or any kind of insurance purchase for that matter. The two most important points in the … (3 comments)
insurance: Why not buy it online? - 06/30/08 03:19 PM
Let’s face it, we live in an online world. It seems like every other purchase we make nowadays takes place with a virtual vendor: Movies, music, computers, electronics, books, clothes, etc. The list goes on and on.
Obviously, the two main reasons people buy online are convenience and price. But … (8 comments)
insurance: North Carolina Homeowners Insurance is not flood insurance - 06/20/08 04:27 PM
For anyone who's been watching the floods in the midwest (and that should be everyone), I wonder if you've asked yourself if your homeowner's policy would cover that type of loss? If you live in North Carolina the answer to that question is NO. The peril of flood is explicitly … (0 comments)
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Since housing prices have dropped, I've been getting more and more inquiries from homeowners about whether they should lower the amount they insure their home for. Great question.
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