RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

Savings from Raised Homeowners Insurance Deductibles Vary by State

July 27, 2016 1:27 am


Raising the deductible on any type of insurance policy typically reduces the premium. Raising the deductible on a homeowners insurance policy, however, may not guarantee savings, according to a recently released study by insuranceQuotes.

Insurance policies—and opportunities to save on them—vary by state, the study reveals. In North Carolina, for example, policyholders reap a 16.4 percent savings when the deductible is raised from $500 to $1,000; in Texas, on the other hand, policyholders save just 1.8 percent for the same raise.

The states with the highest savings rates on a $500 to $1,000 deductible raise, based on the study’s findings, are:

1. North Carolina (16.38 percent)
2. Rhode Island (14.02 percent)
3. Connecticut (12.23 percent)
4. Massachusetts (10.54 percent)
5. Nebraska (10.15 percent)
6. Pennsylvania (9.88 percent)
7. New York (9.85 percent)
8. Alabama (9.69 percent)
9. Iowa (9.52 percent)
10. Maine (9.40 percent)

“Choosing a higher deductible means you share more potential financial risk with an insurer and also makes you less likely to file a claim,” says Laura Adams, senior insurance analyst for insuranceQuotes. “In return, insurers charge a lower premium.

“What you do with your home insurance deductible should depend on where you live,” Adams says. “If there’s no significant savings, it may not make financial sense to increase your deductible. Be sure to review your coverage every couple of years to make sure your policy and insurance provider is still right for you.”

To learn the savings rate in your state, and rates for higher raises, visit insurancequotes.com/home/raising-homeowners-deductible-saves-money-071316.

Source: insuranceQuotes
 

Published with permission from RISMedia.


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Paint Project: Liven Up Your Landscape

July 26, 2016 1:24 am


No plants needed!

One of the most cost-effective products to liven up your home’s landscape is paint, says Debbie Zimmer, design expert with the Paint Quality Institute.

“Just focus on fun items like birdhouses, mailboxes and planters that can be colorfully painted in the comfort of your home, then moved outside later on,” says Zimmer, who recommends approaching the project with coordination in mind. If the home’s exterior is green, for example, paint items in related shades from the palette.

Don’t discount creativity, Zimmer adds. Paint the mailbox with motifs that represent your hobbies, interests or personality, or paint patterns on planters to emphasize greenery. Visually interesting symbols and textures will add life to your landscape.

Zimmer also advises using 100-percent acrylic paint for the project, so that the finish withstands the elements long-term.

“Paints and coatings made with 100 percent acrylic are extremely durable, fade-resistance and flexible enough to expand and contract in extreme temperatures,” Zimmer explains. “As a result, they can protect outdoor creations from the elements for many years to come.”

Source: Paint Quality Institute
 

Published with permission from RISMedia.


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