Forecasts for summer 2014 are taking shape as we move toward the start of the season, which should serve as a reminder to property owners, insurance carriers and financial institutions that severe weather may be on the way and up-to-date valuations for residential structures are important for Insurance-to-Value (ITV) and collateral value monitoring.
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Months after burst pipes flooded the police headquarters in Columbus, Ohio, the city is still waiting to hear how much of the damage will be covered by insurance.
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May is National Home Improvement Month, which means that many homeowners may be gearing up to start ambitious remodeling projects in the near future.
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Aligning insurance policies with accurate valuations is a key concern for properties with exposure to wildfires.
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Having adequate insurance coverage in place is essential for any property in an area that has a heightened risk of flooding and this depends on having an accurate valuation for the structure.
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Government-backed mortgage giant Freddie Mac recently announced that it will begin purchasing loans made to owners of manufactured housing communities and securitizing them for sale to investors.
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Those who look at their residential property as an investment have an especially compelling need to confirm that their home is insured for the right value.
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Bucking the trend toward high-end homes, D.R. Horton is starting a new brand that will focus on residential properties in the $120,000 to $150,000 range.
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On April 24, E&E Publishing’s ClimateWire was touting the most “promising start to a tornado season since World War I.” Optimism about this “safe start” has since been dashed.
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