What Happens When Your Home Insurance Lapses?
A homeowners insurance lapse is a larger financial risk than you may realize. If your policy lapses and your home is damaged, you’ll need to pay for repairs entirely out of pocket. Plus, having a lapse in your insurance history could make coverage both more expensive and harder to get later on. Avoid surprises by […]
How to Switch Home Insurance Companies
Contrary to popular belief, you can change your home insurance company whenever you’d like — you don’t need to wait until your policy’s renewal date. However, if you switch companies mid-policy term, your original insurer may charge you a cancellation fee. Whether you’re looking for more robust policy options, better customer service or just a […]
When To File A Home Insurance Claim And How To Do It
Knowing when to use your homeowners insurance is important. While relying on insurance to help cover expensive damage may result in considerable savings for you, there are times when filing a home insurance claim could hurt you. For instance, making a claim could lead to an increased premium when your policy comes up for renewal. […]
Do Drivers License Points Impact Your Car Insurance Rates?
Driver’s license points don’t affect your car insurance directly — but the violations that earned you those points could raise your premium. Instead of counting your license points, your insurance company reviews a document called a Motor Vehicle Report (MVR) whenever you apply for insurance or renew your policy. Violations listed on your MVR could […]