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Last-Resort Insurers Becoming First Choice for Homeowners | Insurify

Many states have Fair Access to Insurance Requirements (FAIR) Plans to provide home insurance to property owners who can’t find coverage in the voluntary insurance market. These plans are meant to be last-resort options, as they often offer less protection than standard homeowners policies. But rising rates and

FL Budget Takes Aim at Insurance Crisis | Insurify

Florida’s proposed 2024–2025 fiscal year budget includes more than $500 million earmarked for relief measures for Florida homeowners grappling with rising home insurance costs. The budget includes tax exemptions aimed at lowering insurance costs, funds for the state’s grant program to help owners fortify homes against weather

NY Law Cracks Down on Deliberately Low Auto Insurance Quotes | Insurify

Auto insurers in New York will soon have to use third-party information to verify driving history when a consumer applies for a policy. A new law requires insurance companies to use third-party information to verify driving history if the insurer uses a consumer’s driving record as a

10 Best Cities for Homebuyers With a Household Income of $75,000 | Insurify

Housing affordability is a growing issue, with homeowners spending a higher proportion of their earnings toward homeownership compared to previous years. The average homeowner paid 26.5% of their household income toward principal and interest (P&I) in November 2023 vs. 14.7% in 2020, according to the National

How Gender Inequity Affects Car Insurance Costs (2024) | Insurify

Some widespread beliefs about car insurance are myths or misconceptions. Buying a red car won’t cause your premiums to skyrocket, and comprehensive coverage doesn’t cover everything, despite what the name suggests. But the common wisdom that men have higher car insurance rates than women is true. That said,

Are Rising Home Insurance Costs Sinking Western Florida’s Real Estate Market? | Insurify

The western Florida real estate market, stretching from Sarasota to Naples, has a reputation as one of the nation’s real estate gems. For years Midwestern retirees, drawn to warmer weather and the area’s plethora of golf courses, made southwest Florida their new home. Now, that market and the

Rural States Underreport the Most Mileage on Car Insurance Applications | Insurify

Americans drive 13,456 miles per year on average, or enough to make five road trips from coast to coast, according to the latest Federal Highway Administration (FHWA) data from 2021. However, U.S. drivers report an average of 7,589 miles per year to insurance companies, based on 97