CoreLogic: Sinkholes more common, costly than homeowners realize

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In 2016, about 5 million homeowners had flood insurance through the NFIP. The average NFIP flood insurance cost was $656 in 2016, according to the Insurance Information Institute. Premiums can cost more depending on the property’s flood risk and value, as well as the type of coverage and deductible you choose.

Answer: Sinkholes are more common than most homeowners realize. And the hazard is one that insurance companies generally refuse to insure, according to real estate research firm CoreLogic.

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Sinkholes are a lot more common than many home owners realize, particularly in Florida, according to CoreLogic, a real estate analytics firm. A Florida man is presumed dead after a large sinkhole engulfed his entire bedroom last week, capturing headlines across the country.

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Natural disasters in the United States, such as floods, hurricanes, tornadoes and wildfires, are becoming more common and more costly, both in dollar terms and in terms of lives lost.

Damage to outbuildings was the most common problem reported. it for the full replacement cost. This option costs 10 to 20 percent more per year than actual cash value coverage, but it will pay to.

CoreLogic: Sinkholes more common, costly than homeowners realize A: Sinkholes are more common than most homeowners realize. And the hazard is one that insurance companies generally refuse to insure, according to real estate research firm CoreLogic.

Even credit-worthy borrowers struggle to get a mortgage Here are four types of homebuyers that struggle to get a mortgage, despite being creditworthy: Self-Employed Buyers. According to a recent report from Freshbooks, there will be a whopping 42 million Americans self-employed by 2020. There’s a common misconception that being self-employed means having no income stability.