Discover the New Shift in Homeowner’s Insurance

Insurance companies are shifting the financial burden of protecting a home to the homeowner. How?  The insurers like Allstate and State Farm are now requiring homeowners that live in states that are prone to hurricanes and wildfires to protect their homes by purchasing permanent storm shutters and/or installing fire retardant roofs.

Your question maybe is this legal.  The answer is yes, although states can mandate that the insurer requirements be modified or deregulated.  One state did just that.  Connecticut enacted a law that prohibited insurers from requiring permanent shutters as a requirement for the home to be insured.  The state felt that if the homeowner utilized a much cheaper alternative by using temporary plywood shutters the requirement of providing reasonable protection of the asset or home has been satisfied.

In states, that do not require permanent shutters or fire retardant roofs a homeowner can expect a substantial savings in premium if they make those improvements.

Remember that even if you can not afford to make all the recommended improvements right away the insurer is required to allow you time to do so.  Still yet, there may be low interest loan and/or grants available through the city or state that can help you comply to regulation changes by the insurer.

How to Avoid Giving Your Paycheck to the State of Illinois

With work zone death increasing, Illinois is leading the states in incorporating the toughes fine structure for offenders of posted speed in the country. 

The state of Illinois will using photo radar in freeway work zones start in July.  Even one mile per hour over the posted speed limit will get you a $375.00 ticket in the mail. The speed cameras  will be in all work zone areas on major freeways.  If you are caught speeding by these devices will be mailed a $375.00 ticket for the FIRST offense. The SECOND offense will cost $1000.00 and you will receive a 90-Day license suspension.  Drivers will also receive point on their license.  The points will allow insurance
companies to raise Insurance rates.

To read the press release, click on the link below.
For more info: http://www.dot.state.il.us/press/r033005.html