News
Chicago Hail Risk Tops $1 Trillion, Report Finds
1+ mon, 3+ week ago (461+ words) A new report finds Chicago has more than $1 trillion in value exposed to hail risk, highlighting a growing insurance threat....
Insurance Premiums on New-Construction Homes Are up to 38% Lower on Than Older Homes
1+ hour, 51+ min ago (1016+ words) New-construction homes may be hiding a massive, unadvertised money-saver: a built-in discount on home insurance, according to new data. The average annual premium for a newly built home sat a staggering 35% lower than that for a 20-year-old home in 2025handing buyers…...
Here's Where Taxes and Government Fees Hit Homebuyers the Hardest
2+ week, 9+ hour ago (942+ words) When Sandra Meyers sold a condo and bought a single-family home last year in Delaware, she wasn't prepared for the hit she'd take from government taxes and fees. "I always thought Maryland was high for closing, but this hurt," she…...
California Moves To Suspend State Farm Over Wildfire Claims
2+ week, 2+ day ago (583+ words) California's insurance commissioner wants to see State Farm's license to do business in the state suspended for up to a year, with the insurer coming under fire for its handling of claims from the 2025 wildfires. California Department of Insurance Commissioner…...
Rising Repair Bills Are Eroding the Value of American Homes
1+ mon, 6+ day ago (226+ words) By The Realtor. com Team Owning a home involves significant ongoing financial commitments that extend far beyond the initial mortgage. Recent data highlights a substantial increase in maintenance and repair costs, often catching homeowners by surprise and affecting their financial…...
California Lawmakers Push New Fire Insurance Rules After Wildfire Claims Crisis
1+ mon, 1+ week ago (816+ words) California is considering a package of bills that would add requirements to home insurance providers, after state leaders criticized the industry's response to the state's devastating wildfires last year. The state Senate held hearings on three bills generally aimed at…...
Fool's Foundation: The Little-Known Crisis That's Costing Homeowners Thousands'and Why Massachusetts Is Finally Paying Attention
10+ mon, 1+ week ago (1374+ words) In 2020, Karen Riani and her husband were doing what many families did during the early days of the COVID-19 pandemic: skipping a vacation to invest in home projects. But when they tore down some old basement walls, they uncovered a…...