Insurance Resources for Homeowners
Home Safety 101 Your home is more than just a house. It’s a stake in the future. It’s the place that shelters your family. It’s your security. But it takes some diligence to keep your home safe. While you know to take care of urgent problems quickly – like a burst pipe – it may be tempting to let other issues skate by with a temporary fix. But trust us when we say an ounce of prevention is worth a pound of cure.
Atlantic Hurricane Season 2020: June 1 – November 30 Hurricane Damage by the Numbers The Congressional Budget Office (CBO) predicts that the cost of hurricane damage will rise significantly in the next several decades, largely because of climate change and real estate development along the nation’s coasts. Total spend on hurricane damage is expected to rise nearly 40 percent, to $39 billion dollars per year. Perhaps even more troubling, though, is that the number of people who are “substantially” affected by hurricane damage is projected to increase by more than 700 percent in that same timeframe, from 1.
One of your main jobs as a homeowner is to maintain your home. And home maintenance isn’t just something to keep your neighbors from complaining: it’s an essential investment in the value of your property, whether you plan to sell in a few years or stay forever. Many first-time homeowners don’t realize home maintenance is something they’re expected to do when they buy a homeowners insurance policy. Most home insurance policies explicitly exclude damage from “neglect” or “failure to properly maintain the property.
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