It does not sound fair, but not only can an insurer drop you after a single claim, it can also drop when you have not made any claims. The insurance companies are more worried about future risks and can cancel your policy, especially if you live in areas prone to mudslides or hurricanes. In addition, filling more than one home insurance claim within a period of five years or having a claim that is not paid because it is less than your deductible, can also make you lose your insurance.
Home insurance policies, in their basic form, are built to meet most needs of most people, which is to say, a home insurance policy...
It’s true that owning a home comes with a wide range of advantages, but also liabilities, including the fact that you’re going to be...
Are you thinking about renting your home to earn additional income? Maybe you’re considering entering the real estate investment business. With single-family rental homes...
