What Happens if You Cancel Your Home Insurance Policy?

Have you ever wondered what would happen if you just cancelled your homeowner’s insurance policy? Will the mortgage company let you cancel it? Will they buy coverage for you? Could you get a better deal that way? We recently switched our homeowner’s insurance from Allstate to Geico. During the switch there was some mix up with the paperwork going from Geico to Wells Fargo, the company that... 

Geico vs. AllState for Auto, Home, Landlord, and Umbrella Insurance

We just saved a bunch of money by switching our car insurance to Geico! I’ve always wanted to say that But seriously, we did just switch all of our policies over to Geico from Allstate. We’ve been in the “good hands” for about 6 years. Turns out that those hands are also expensive. And they’re not as good as they used to be… I wrote last year about Allstate’s... 

Homeowners Insurance Covers Storms and Lightning

Jocie’s parents recently had lightning strike a tree in their backyard. I got to see the tree and the damage was rather impressive. Jocie’s dad was kind enough to provide pictures and wrote this: Lightning struck this large locust in our backyard, super-heating the center so that it literally exploded. Pieces flew in all directions about 100 feet. The charge also entered our invisible dog... 

Reduced Title Insurance Fee when Refinancing

There are plenty of fees and charges when you refinance your mortgage. It’s a little overwhelming when you start seeing all those numbers added up. As a homeowner, you want to examine each cost and see if there is anything you can do to eliminate, or reduce it. Title insurance is one of those fees that you can do something about. What is Title Insurance? Title insurance is protection from claims... 

Insurance Policy Coverages and Limits of Liability: Are Yours Sufficient?

We just received a notice from Allstate on the Landlord’s Policy on our rental townhome. Apparently, Allstate made a mistake on our policy, omitting a Home and Auto Discount we are entitled to receive for having our cars, primary residence, and rental property home insured with them.  Allstate gets two thumbs up for being honest about their mistake (I’ll give them the benefit of the doubt... 

Allstate 3% Tropical Cyclone Deductible

Allstate Insurance Company: “Dear Customer, We’re writing you to let you know about a change we’re making to the Allstate Insurance company property policy referred to above [our home].  At that policy’s upcoming renewal, it will add a mandatory Tropical Cyclone Deductible to your policy in an amount equal to 3% of your Dwelling Protection coverage limit.“  Italics are...