High Cost Home Insurance – The Top Ten Most Expensive States For Homeowners Insurance

High cost home insurance penalizes everyone, but really takes a toll in states where there a lot of different kinds of losses.

The concept of insurance was created to spread risk of loss among a large group of people, so that each person bore a small portion of the risks. So, when we are discussing the kinds of risks that drive up homeowners insurance costs, that means that the person who pays premiums for his home in upper Michigan is partially subsidizing the person who has a home in coastal Louisiana.

Hurricanes and tornadoes are just big wind storms. But they are not the only disasters that make insurance premiums rise. Fires, hail and floods all work to drive up premiums, and insurance companies pay out more claims each year for the combined smaller risks than for hurricanes.

One huge risk that the insurance companies no longer fear is mold. Up until 2003, policyholders submitted about as many mold claims each year as fire claims. And, the trend on mold claims was increasing. But, after the September 11, 2001 tragedy, insurance companies quietly convinced all of the insurance commissioners in America to allow them to exclude mold claims for coverage.

But, despite the insurance companies getting rid of most mold exposures, they still have to insure the other risks to homes. So, here are the Top Ten most expensive states in which to insure a home. We’ll start with the least, and proceed to Number One.

10. Kansas – Author Frank Baum placed the book “The Wizard of Oz” in Kansas for a good reason…it’s considered “tornado alley.”

9. Alabama – This state experiences tornadoes, hail, big thunderstorms and hurricanes. Plus, its building codes are more strict than its neighbors, driving up repair costs.

8. Rhode Island – Small state, long coastal exposure. So, hurricanes that sweep up the Eastern Seaboard pound this state.

7. California – “Earthquake Central”, plus wildfires, mudslides and coastal storms make this state an expensive place to insure a home.

6. Florida – sticks out into the Caribbean like a sore thumb, and gets smacked by hurricanes often. One of the big reasons insurance is so expensive here is that scores of insurers have pulled out of Florida. The biggest player in the market there is Citizens Property, a high-risk fund operated by the state. Their numbers are not added into the Florida totals, or it would likely be Number One.

5. Mississippi – lax building codes increase risks, as well as being a coastal state with hurricanes, tornadoes, hail and floods.

4. District of Columbia – Building costs in DC are higher than most places in the nation, as well as being considered Ground Zero for terrorism risks.

3. Oklahoma – Big winds plus big tornadoes make this state one of the highest priced states.

2. Louisiana – shares the same challenges as Mississippi, but adds a large population center below sea level.

And, in First Place (or Worst Place!)…Texas! Here, you can find all of the disasters in one place. Hurricanes, floods, hail, windstorms, and earthquakes all make it rough for insurance companies to stay profitable writing business in Texas.

But, take heart, insurance company fans! With new policy language called the “Anti-Concurrent Causation Clause,” insurance companies can now deny ALL claims where two or more risks cause damage. To learn more, read “The Insurance Industry’s Latest Scam” at this forum.

If you have experienced a property loss, whether fire, wind, flood or other, you need to know winning insurance claim strategies. The insurance company will not tell you the claims process, but I will. I will show you how to take control of your insurance claim, and add hundreds or even thousands more dollars to your claim settlement. For more information, go to the website listed below.

When to Avoid Fraudulent Medical Insurance Work From Home Jobs

Getting a job concerning medical insurance on work from home jobs is a practical choice these days. Among the many home-based opportunities available, working as a medical insurance agent through a work from home job is quite profitable. But the question lies on whether this type of work at home job is legal and reliable. Many home-based businesses may attest that they can deliver quality products and services and can even give you reliable sources of income. And as long as you can do the job well you can get income plus commissions.

With this, many people are enticed to quit their day job and try working at home. The wonders of technology have created various options for people who can no longer meet both ends while working at their day job. With telecommuting or home-based jobs and business, more and more people can earn money without having to leave the comforts of their home. No wonder working on medical insurance work at home jobs have become so popular.

Nevertheless, not all work from home jobs were created equal. Processing medical insurance claims are serious matters as well. Hence, it is best that you know how to choose a home-based business that can give you a good medical insurance work at home job.

Here is a list of some warning signs that you have to watch out:

1. Look for no start-up rates

One of the most common signs of getting into an illegal activity, which focus on providing medical insurance work from home job, is to compel collection from the person concerned. If you are being forced to purchase something from them, chances are, that company is simply good for nothing.

In most cases, fraudulent work at home jobs will insist on purchasing paraphernalia such as software programs and other items needed for the work at home job. There is nothing wrong with that to some extent, but what is wrong is when these items are being sold at very steep prices.

2. Training sessions

Since you will be working in a medical insurance work from home job, most scammers will ask you to undergo special training sessions. These sessions are required to certify you that you are eligible to work in this kind of environment and that you would be mostly working with health care professionals, hence, a certification will be needed. The drawback: these training sessions are very costly.

3. Work coordination

Most fraudulent medical insurance work from home jobs will tell you that your work will be synchronized with an insurance company through a special device known as ‘central computer’. With this, your work will seem professional enough, letting you think that everything is supervised and done legally.

In the end, no central computer backs you up. No affiliations with a certified insurance company. And worse, your medical insurance work at home job is nonexistent.

4. Pressures! Pressures! Pressures!

A fraudulent work from home job will not just urge you to join their workforce but will insist that you do the work without more ado. In turn, you get confused, cannot think straight and may end up deciding without being able to check if the job is authentic or not.

These things will surely give you a hint that the work at home job you are about to start with is a definite fraud. Things like these will surely put you in a hot spot with your customers. There will be no way you can deliver the services that you have assured to them. And whether you like it or not, you will be doomed because you are the person in the front line.

Getting Out of the Fraud

Do not let this thing happen to you. Never wait to get yourself out of the fraud. It pays to stay informed and learn to detect and avoid fraud as early as possible. You can simply start with evaluating each work at home job you encounter. The number rule is that if the idea seems too good to be true, it probably is. So better stay out of it.

If you are not too sure whether the medical insurance work from home job you would be working with is a fraud, it is best that you do a background check with the help of your local Better Business Bureau.

Home Owner Insurance – Online Tips & Valuable Tools

Finding home owner insurance online can be a challenge.  Price is often the most important factor, but it’s important to make sure your home is covered properly in case of a partial or total loss.  Here’s what you can do to make sure you home is protected, and your budget too…

Find the Right Insurance Company

Make sure you do your research.  Finding the right company to insure your home can be a great way to make sure you are getting the price, while having high coverage limits.  Each home owner insurance company rates their policies differently.  Find an insurance company who does done a good job keeping the rates low, while providing reasonable liability and property limits.

Financial Rating

It’s important to make sure the company has a solid financial rating, and isn’t wishy-washy on annual renewals.  The last thing you want is to get in at a great price, only to have the company raise your rate too much on your first annual renewal. 

It’s easy to find good prices for home owner insurance online, but a local insurance agent can help you do it for free, in most cases, and make sure you find a company you are happy with.

Balancing Cost and Benefits

The idea is to get the best price possible, but still make sure your home is covered properly in the event of a fire, or other loss.  There are some important things to look at when shopping for a home owner insurance policy.  Here are some of the main ones:

  • Dwelling Coverage (coverage for your home, the building).  How much coverage do you have?  Is it enough to rebuild your home if it was a total loss?  What if building costs go up between the time you get your policy and the time you have the total loss?  Will the company pay for the extra?  Many companies will pay 125% up to 200% of the dwelling coverage limit, if costs have gone up.  But, some won’t.  Make sure you find one that does.
  • Personal Property (furniture, tv’s, beds, appliances etc.)  Many companies cover your personal property.  How much coverage is your company offering you?  Do you need more or less.  If they allow you to adjust it, make sure this number is accurate.
  • Other Structures (detached garages, sheds, etc..)  If you don’t have any, and you are paying for coverage, make sure this limit is as low as it can be.  If you do have detached structures, make sure the limit is enough to protect you in the event of a loss.
  • Personal Liability (protects you against non-auto and non-business liability issues resulting in bodily injury or property damage to others, in which you are deemed legally obligated to pay)  This is an important one.  If you get sued, this is probably the benefit that will protect you.  Too many people opt for $100,000 in coverage and I think that’s much too low.  This is an inexpensive benefit.  Look into much higher limits and even umbrella coverage.

Take Advantage of Home Owner Discounts

If you have an burglar alarm system that is centrally connected to a monitoring company, or a fire alarm that is connected centrally, you will likely qualify for discount on your home owner insurance policy.  It’s a good idea to ask about any other discount your insurance company offers.  You might qualify for more.