Florida received a score of 76 on making key financial information accessible and understandable to the public, according to a new report from Truth in Accounting (TIA), a Chicago-based policy institute.
A recent study by Consumer Reports shows that 60 percent of all homes in the U.S. are underinsured by 20 percent.
Homeowners insurance might not be the most riveting topic, but learning even just the basics about homeowners coverage and your policy can come in handy if you face a property loss.
While Floridans might be lathering on the sunscreen and strolling along the beach instead of gazing at that early fall foliage like our northern neighbors, homeowners in the Sunshine State should still think about preparing their homes for the upcoming season change.
Floridians are all to familiar in dealing with the inconveniences of having no power in the aftermath of a hurricane and while having a portable generator can ease that burden, if it's not operated properly it can also be deadly.
Whether it's "do it yourself" wireless sensors and alarms, a simple doorbell camera, or the traditional company-monitored alarm system, investing in home security can offer you protection as well as savings on home insurance premiums.
Before you send your college student off with their iPhones, laptops and other personal belongings, it's a good idea to check on your home insurance's "off-premises" coverage to see if those items are covered while your student is living in a dorm.
However, understanding the terms "actual cash value" and "replacement cost value" when it comes to your insurance, can be a huge factor in deciding what type of homeowners coverage you need.
While the age of a home is a factor when it comes to homeowners insurance, most insurance companies also take into account the condition of your home, explains Kin Insurance's director of insurance product management Kevin Turner.
Homeowners should have an idea about what their policy states, especially regarding how long they have to file a claim after an incident and whether it will affect their insurance rates.
In today's high-tech, social media world, everyone is taking videos and snapping photos. But in addition to all of those selfies, you may want to think about capturing some of your belongings on camera as part of a home inventory.
A wind mitigation inspection might sound intimidating. But in areas like Florida, that should not stop homeowners from getting one to help protect their home and potentially save money on home insurance.
According to home insurance expert Kevin Turner, hurricane proofing won't affect your insurance claim after a storm; however, those precautions could save you a lot of out- of-pocket expenses.
According to Kevin Turner, Kin Insurance's director of insurance product management, homeowners should read their policy to be sure what types of water damage are covered under their insurance.
As we reach the peak of hurricane season, which is August through October, now is the perfect time to review your hurricane supplies according to experts. Whether you plan to hunker down in your home or have to follow a mandatory evacuation, your supplies will be key.