Asheville Home Owners Insurance Rates

Home remodeling activity reaches record levels: BuildFax

BuildFax said its remodeling index reached its highest level since it began tracking data in 2004 — indicating homeowners are essentially trapped in their homes.

The July 2011 index rose 24% year-over-year to 130.4, the highest number ever.

"As millions of Americans believe that they will not be able to secure a new home due to a variety of factors including tight credit, limited buyers and challenging job prospects, they are more and more turning to renovating and remodeling their current properties, sending remodeling activity to record levels," said Joe Emison, vice president of research and development at BuildFax.

BuildFax, co-based in Austin, Texas, and Asheville, N.C., said there was an upswing in the sale of building materials and the number of renovations greater than $10,000 in the July index.

The comany also said consumers have not increased the insurance on their homes to account for the remodeling, which puts many homes at risk without the proper level of insurance.

Monday's report reveals continued month-over-month gains for most regions of the country as consumers invest in remodeling even as fears grow of a double-dip recession and unemployment remains above 9%.

In July, the West (3.4 points; 3%) and Midwest (4.9 points; 5%) had month-over-month gains, while the South (3.3 points; 3%) and Northeast (2.7 points; 3.4%) saw a decline. On a positive note, the Northeast was up (0.7%) from July of 2010, as was the West (26.4 points; 26%), South (6.2 points; 7%), and Midwest (5.6 points; 5.6%).

The BFRI tracks remodeling activity via building permit activity filed with local building departments across the country.

Write to Kerry Curry .

Follow her on Twitter @communicatorKLC .

Asheville Homeowners Insurance - Get Free Homeowners ...

Asheville Homeowners Insurance

Asheville homeowners insurance comes in seven unique forms. However, some of these forms are actually not applicable to most people who are searching for Asheville homeowners insurance. In fact, the majority of people in the Asheville area of only choose from there very broad forms of North Carolina home coverage . Because there is no way and no need for you to understand the specifics of all of the different kinds of coverage that are available to you, you can get a better idea of what kinds of coverage you should get by understanding the basics of the most general and universal types.

The types that you should have a working knowledge on when going to buy Asheville homeowners insurance include HO1 homeowners insurance, HO2 homeowners insurance or HO8 homeowners insurance. Understanding at least the basics of each one of these types of coverage will allow you to have a better idea of how they work and what ways they can benefit your situation. Again, it is important to note that not all of these kinds of coverage will be for you. But you will at least know why they are not for you as well as which ones are for you.

The first kinds that you need to know about is the most commonly purchased Asheville homeowners insurance in the North Carolina area. This is HO1 coverage, or, as it is often called, basic coverage. This is the kind that everyone should have at least. If you do not have a need for the other kinds of coverage, you should make sure that this kind of Asheville homeowners insurance is at least covering you from the more basic instances that could occur including fire damage, lightning damage or earthquake damage. Because it is narrow in what it covers, the monthly premium is often as low as it can get for normal homes in Asheville. However, since it is the cheaper kind of Asheville coverage that you can get, you should also know that it is the most basic and lest coving type that you can get. Because of this, many people tend to stay away from buying basic house coverage , but if you are not willing to pay more money for more covered incidents, you should, at the very least, get HO1.

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