Blog

    Top 10 cities with the most overpriced homes in the U.S.

    Posted by Soules Insurance on Fri, Feb 7, 2020

    The strength of the U.S. economy in 2017 and 2018 improved so drastically that many considered it unsustainable and expected it to drop in 2019. This was confirmed by preliminary data released by the U.S. Department of Commerce.

    During this upswing in economic activity, the housing market experienced a recent uptick in new home sales and single-family housing starts. But as prospective buyers scoured the market, they may not have realized that many homes across the country are overpriced.

    To determine which housing markets in the United States are the most overpriced, GOBankingRates used data from Zillow to analyze the difference between the median list price and median home value for single-family residences in the nation’s largest housing markets.

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    Tags: Home Insurance, Houses, Housing Market, Buying a house, Overpriced Houses, Housing, Economy

    5 Home Improvement Projects That May Have the Biggest Return on Investment

    Posted by Soules Insurance on Thu, Nov 7, 2019

    Conventional wisdom has long held that kitchens and baths sell homes. Those are also two of the more expensive areas to tackle for home improvement, but if you make sound design and material decisions, you could end up making your home more appealing to potential buyers — and a more enjoyable place for you to live.

    A recent study from the National Association of Realtors confirms that kitchens and baths still top the interior home renovation projects that appeal most to potential buyers. The survey ranked the projects’ likely value to the home for resale. These five home improvement projects can potentially provide the biggest bang for your buck for ROI.

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    Tags: Home Insurance, Home Improvements, Home Project, Home Improvement, Home Improvement Project, Home Maintenance, Biggest Return on Investment

    Which claims make home insurance rates increase the most?

    Posted by Soules Insurance on Thu, Aug 29, 2019

    Insurance rates are based on risk, but there some factors that affect a policyholder’s insurance more than others, like filing claims or, especially, multiple claims.

    In fact, filing claims will raise rates more than any other factor besides poor credit.

    To help insureds better understand what determines home insurance rates and what could put customers at risk of rate increases, here is a detailed list of how much certain claims raise rates.

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    Tags: Claims, Home Insurance, Insurance Claims, Expensive Claims, Home Claims

    Spring Home Maintenance Tips

    Posted by Soules Insurance on Fri, Mar 29, 2019

    The milder days of spring are a perfect time to do a thorough spring cleaning and perform home maintenance. After a long winter, it is a good idea to spend time on preventive measures to help maintain your home and property throughout the year. Tasks such as cleaning out your gutters, checking for dead trees and branches and cleaning and inspecting home mechanical systems, such as heating and air conditioning equipment, can make spring a season of safety.

    Cleaning and maintenance of your home should be done inside and out. Although the tasks are different, ensuring all the elements of your home are in good working order can help keep your family safe and your maintenance expenses lower over the long run.

    Check out these spring home maintenance tips and download a free checklist.

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    Tags: Home Insurance, Homeowner's Insurance, Homeowners Liability, Affordable Homeowners Insurance, Spring Cleaning, Home Maintenance, Spring, Maintenance, Cleaning Tips, Spring Maintenance

    Insurance coverage for driveways, garages, and gardens - Q&A

    Posted by Soules Insurance on Wed, Jan 16, 2019

    Home insurance, as the name implies, covers policyholders in the event that their home is damaged by an insured peril. But it's really a bundle of different kinds of coverage. 

    Continue reading to find the answers to a few common homeowners insurance questions about driveways, garages, and gardens.

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    Tags: Home Insurance, Homeowners Liability, Affordable Homeowners Insurance, Home Improvement, Insurance for Driveway, Garage Insurance, Garage, Garden, Driveway

    5 Home Improvement Projects That May Have the Biggest Return on Investment

    Posted by Soules Insurance on Tue, Jan 8, 2019

     
    Do you have plans to renovate your home? Conventional wisdom has long held that kitchens and baths sell homes. Those are also two of the more expensive areas to tackle for home improvement, but if you make sound design and material decisions, you could end up making your home more appealing to potential buyers — and a more enjoyable place for you to live.

    These five home improvement projects can potentially provide the biggest bang for your buck for ROI.

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    Tags: Home Insurance, Affordable Home Insurance, Home tips, Home Improvements, Home Project, Improvement Project, Return on Investment, Home Improvement, ROI, Home Improvement Project

    10 Essential Things To Do Before You Head Out On Vacation

    Posted by Soules Insurance on Thu, Jul 26, 2018

    You’ve booked your trip, researched the must-see attractions, recharged your electronics, packed your bags — and now you’re ready to lock the door and take off on your big vacation. 

    But traveling smart starts with what you do before leaving for vacation. Always check these 10 things off your to-do list. They will help ensure that you come home to find things just as you left them.

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    Tags: Home Insurance, Summer Vacation, Summer Vacations, Vacation, Leaving on Holiday, Trip, Leaving for Vacation, 10 Things, Home tips, Before Leaving for Vacation

    4 Tips for Avoiding a Holiday Liability Hangover

    Posted by Soules Insurance on Fri, Dec 8, 2017

    The holidays are here, and if you are one of the millions of Americans who will be hosting a gathering of friends and family this holiday season, your party to-do list is likely a mile long already. 

    To ease the burden, you might consider turning to outside vendors to help with party logistics. From catering and valet to bartenders and decorators, having an extra set of arms and legs can go a long way to ensure your holiday party goes off without a hitch. But between deciding on the menu and going over decorations, it’s understandable why thinking through your related personal liability exposure isn’t top of mind.

    Unfortunately, while personal liability doesn’t exactly excite much holiday cheer, overlooking such exposures can put you, your family and your assets at risk. To ensure a joyous — and safe — holiday season, here are four guidelines you should follow when engaging with vendors to reduce your liability exposure.

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    Tags: Home Insurance, Holiday Season, Reduce Risk, Vendors, Bartenders, Reduce Risk Exposure, Reduce risk during the holidays, Liability Insurance, Catering, Valet, Outside Vendor

    3 Cautionary Insurance Tales for Home-based Entrepreneurs

    Posted by Soules Insurance on Fri, Jul 21, 2017

     

    With so many home-based businesses courts frequently find themselves needing to apply the two-prong test to determine whether the “business pursuits” exclusion is applicable. Specifically, was the activity regular and continuous, and was the activity motivated by profit?

    The potential applicability of the “business pursuits” exclusion is not always obvious. But these 3 cases share a common theme: When things go wrong with the operation of a home-based business, the mishap often isn’t covered by the entrepreneur’s homeowner’s policy.

    Consider the following cautionary insurance tales for all those who dream of starting their own business and doing it from home sweet home.

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    Tags: Home Insurance, Home-based Business, Home-based Entrepreneurs, Home Business

    5 Factors to Minimize Home Related Risks

    Posted by Soules Insurance on Mon, Mar 6, 2017


     

    Our home should be a safe haven since it is where we spend most of our time.

    Unfortunately, most homes are vulnerable to a number of safety and security risks that require homeowners and renters to take additional steps to mitigate them.

    This can include purchasing specific insurance policies to provide additional coverage against factors like flood or theft, using new technology to mitigate or alert family members to various dangers, and training family members on how to recognize and reduce the risks.

    Here is a list of the five most common security threats and some recommended solutions that can be implemented fairly easily to keep everyone safer:

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    Tags: Home Insurance, Home Related Risks, Minimize Risk