As famed surrealist writer Franz Kafka was once believed to say: "Better to have, and not need, than to need, and not have." And while insurance can feel like a logistical nuisance for homeowners, its ...

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Joe Raedle/Getty Images Hurricane ...

Melissa Hudson says she was stunned last year when the insurance premiums on her home in Port Orchard, Wash., shot up 40 percent—even though she’d intentionally bought a home at low risk for fire, ...

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