How Well-Insured Were the Homes? Will a property owner, handed a $100,000 insurance check for major repairs, invest it in a house worth maybe $50,000? Owners will ask “do I walk away with the money?” This is a huge, huge issue. –State Rep. Joe Mullery, whose district includes the North side, and who resides there; The...Read More
Home Prices Down, Insurance Premiums Up?? Property taxes aren’t the only expense pegged to real estate values that should be dropping in sympathy — so should insurance rates. In fact, given a nationwide average drop in home prices of 25%-plus from the peak, you’d expect a similar drop in home insurance premiums. Instead, speaking for...Read More
