Why Is Insurance Required for a House?

Insurance Q&A: “Why is insurance required for a house?” The good news is that insurance is not actually required for a home you own. I guess this is where we define that thin line between “owning” a home and living in a home a bank owns while you make payments for 30 years. You see, [...]

Overcharged for Insurance?

Like it or not, insurance takes a good chunk out of just about everyone’s budget. But what’s worse is being “overcharged for your insurance.” Of course, the phrase “overcharged” implies price gouging of some kind, which probably isn’t the case in the largely homogenous insurance realm. Put another way, you may be paying too much [...]

Is Insurance Cheaper For a Motorcycle Than a Car?

Insurance Q&A: “Is insurance cheaper for a motorcycle than a car?” It certainly can be, but there’s no guarantee. The question, as posed, doesn’t provide enough detail to offer a solid “yes” or “no.” When it comes to motorcycles, they aren’t typically worth as much as cars, and they can’t cause nearly as much property [...]

How to Get Rid of Private Mortgage Insurance

Insurance Q&A: “How to get rid of private insurance.” Private mortgage insurance was the greatest concept since sliced bread when you purchased your home because it allowed you to obtain a mortgage without putting down 20 percent. But by now you probably know that convenience came with a cost, and you’re probably sick of paying [...]

Top Mortgage Insurance Companies

Last year, MGIC Investment Corp. was the top mortgage insurance company in the United States, with $1.32 billion in direct insurance premium written, per the III. The Milwaukee-based insurance company claimed a healthy 24.2% of total market share and nearly doubled the volume of the second largest mortgage insurer. Speaking of, PMI Group Inc., the [...]