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"Homeowners Insurance"
Like other New Yorkers, Alex Story occasionally rents out her home through Airbnb, relinquishing her East Village townhouse to strangers who sleep in her bed, eat in her kitchen and lounge on her sofa. But she has found a less intrusive way to profit from her property: She rents it out by the hour, instead. Continue reading
Here are steps to get your financial situation in shape, whether you are closing in on retirement or just starting out. Continue reading
Millions of homes and condominiums across the country are in high danger zones for environmental hazards.
According to the Environmental Hazards Housing Risk Index, produced by ATTOM Data Solutions, 17.3 million single family homes and condos with a combined estimated market value of $4.9 trillion are in zip codes with high or very high risk for at least one of four environmental hazards: Superfunds, brownfields, polluters or poor air quality. Continue reading
U.S. consumer prices increased in December as households paid more for gasoline and rental accommodation, leading to the largest year-on-year increase in 2-1/2 years and signaling that inflation pressures could be building. Continue reading
A combination of consumer demand and industry interest could create a wave of smart home technology and IoT disruption for home insurers in the near future Continue reading
PRIVATE flood insurance options are increasingly available in some states, but consumers should make sure they understand the fine print before choosing one over a federal policy.
Typical homeowner insurance policies do not cover flood damage; consumers must buy special coverage. Most residential flood policies are sold through the National Flood Insurance Program, administered by the Federal Emergency Management Agency. The program was created in 1968, when it was difficult for private companies to insure flood risk at rates homeowners could afford. Continue reading
Many states have enacted legislation that requires claimed defects on homes built to be reported to the builder in an effort to try and reduce the amount of Defect Lawsuits. What is being called the “right to repair” allows a builder to address the homeowner’s claimed defects and then repair the defect rather than being brought to court. The “right to repair” provides an avenue to the homeowner to seek repair on their home without having to open a lawsuit. Continue reading
In April, some 1,200 home builders, inspectors, architects and engineers gathered in Louisville, Kentucky, to debate the standards that should guide construction of the next wave of U.S. houses. Engineers had a seemingly unobjectionable proposal: Make roofs in coastal areas less likely to fly off in a hurricane. Continue reading
