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Archive for the ‘Insurance’ Category

How do you know if you are paying a reasonable amount for homeowner’s insurance?
Virginia’s State Corporation Commission annually publishes Sample Premium Tables for Virginia’s 50 largest companies.  
We all know not to buy on price alone – but it’s nice to see the range of prices.  You can then see how an insurance company is rated for strength by the [...]

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How many of you have a record of your personal possessions, in case of a loss?
My insurance friend Bryan Davis of Davis Insurance Agency reminded me that everyone should have some sort of record of their household items,  in case they need to make an insurance claim on their homeowner’s or renter’s policy.
While special items may [...]

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Flood Insurance

Realtor John Tansey writes: ” If a home is situated in flood plain, is it difficult to get a mortgage loan?”
Thanks for the question, John!
Per the Flood Insurance Reform Act of 1994, all lenders must determine whether the property lies within a high-risk Special Flood Hazard Area as defined by FEMA flood insurance rate maps.  If [...]

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