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One out of 4 of the 31,000 homeowners in the coastal parish live there without homeowners insurance — one of the highest percentages in the United States. Across the country, 13.4% of homeowners — about 1 in 8 — are unprotected by homeowners insurance, according to an NBC News analysis of new Census Bureau data. It’s a double-edged sword.”The Census Bureau data shows how many homeowners pay less than $100 — or nothing at all — for homeowners insurance. According to the Census Bureau survey, which was taken in 2023, 20.8% of homeowners without mortgages also lack meaningful homeowners insurance. Among mortgage-holders, 8.5% don’t have meaningful homeowners insurance — and while banks require owners with mortgages to have homeowners insurance, gaps in coverage do happen.

Persons: Hurricane Francine, “, ”, Shannon Martin, you’re, Martin, ” Martin, Mark Friedlander, ” Friedlander, There’s, Daryl Fairweather, Redfin’s, ” Fairweather Organizations: NBC, Bankrate, Insurance Information Institute, “ Insurance Locations: Louisiana’s Terrebonne Parish, United States

☆ 26% of homeowners say they are financially unprepared for extreme weather events, new survey finds
▼ + stars: | 2024-09-09 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +2 min

A quarter of US homeowners (26%) said they are financially unprepared for extreme weather events, according to Bankrate, which surveyed a nationally representative sampling of nearly 1,300 homeowners at the end of July. Those most likely to say they were unprepared lived in the South (29%), the West (28%) and the Northeast (25%). While the majority of homeowners surveyed did have insurance, they don’t necessarily know whether it is adequate to cover the kind of extreme weather their area now faces. “Extreme weather has changed the insurance landscape, and understanding your home insurance policy coverage is more critical now than ever,” said Shannon Martin, a Bankrate analyst who specializes in insurance. “Many insurance companies have reevaluated how they rate extreme weather, and some have changed the perils they are willing to cover.

Persons: —, ”, Shannon Martin, ” Pare, ” Martin Organizations: New, New York CNN Locations: New York, United States

☆ As car insurance costs surge, here's why your credit score may be partly to blame
▼ + stars: | 2024-02-05 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

If you've noticed the cost of your car insurance policy has gone up, you're not alone. The national average cost for full-coverage car insurance has gone up to $2,543 per year, according to Bankrate. For example, Detroit drivers stand to pay the highest average annual expense, with $5,687, or 7.98% of the median household income. Other cities in Bankrate's ranking of top five most expensive cities for car insurance include Las Vegas, Miami, Philadelphia and Tampa. The least expensive city for full-coverage car insurance is Seattle, where drivers spend an average of $1,759 per year, or 1.65% of the median household income.

Persons: you've, Shannon Martin, Martin Organizations: " Insurance, Finance Locations: Detroit, Bankrate's, Las Vegas , Miami, Philadelphia, Tampa, Seattle, Boston, Minneapolis, Portland, Washington

There are early signs that this year's flu shot appears to work well at keeping people out of the hospital. A report on Chile's flu season, released Thursday by the CDC, found the vaccine was 49% protective against flu-related hospitalizations. That might seem low, but from 2015 to 2020, flu shot effectiveness in the U.S. ranged from 29% to 48%. It's unclear whether this year's flu shots in the U.S. will be as effective as was found during Chile's flu season. Only about half of the population gets an annual flu shot, typically.

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