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How to get free at home tests with insurance reimbursement
Americans with health insurance can get up to eight at-home COVID-19 tests for free thanks to a new requirement. Starting Saturday, private health plans are required to cover the over-the-counter tests at up to $12 per test. Consumers can either purchase the testing kits at no cost or submit receipts for reimbursement from the insurance company. A family of five could be reimbursed for up to 40 tests per month under the plan. PCR tests and rapid tests ordered or administered by a health provider will continue to be fully covered by insurance with no limit. President Joe Biden
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States with the lowest home insurance rates
10. Maine Average annual homeowners insurance premium: $882 Median home value: $255,358 (Credit: Sean Pavone/Shutterstock ) 9. Ohio Average annual homeowners insurance premium: $862 Median home value: $157,496 (Credit: rouda100/Adobe Stock) 8. Washington Average annual homeowners insurance premium: $854 Median home value: $434,168 (Credit: Michael J Magee/Shutterstock) 7. Delaware Average annual homeowners insurance premium: $833 Median home value: $267,772 (Credit: Mihai_Andritoiu/Shutterstock.com) 6. Arizona Average annual homeowners insurance premium: $825 Median home value: $285,574 (Credit: Johnny Adolphson/Shutterstock.com) 5. Wisconsin Average annual homeowners insurance premium: $779 Median home value: $206,470 (Credit: dustin77a/Shutterstock) 4. Nevada Average annual homeowners insurance premium: $755 Median home
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Redfin will buy Bay Equity Home Loans for $135M in bid to boost mortgage business
(GeekWire Photo / Nat Levy) Seattle real estate giant Redfin announced that it will pay an estimated $135 million in cash and stock to purchase Bay Equity Home Loans, a Bay Area-based mortgage lender that is active in 42 states and employs 1,200 people. The deal should provide a boost to Redfin’s lending business. Bay Equity closed $8.5 billion in loans last year and is nearly 10X the size of Redfin Mortgage. It has also generated positive net income each of the last three years. Redfin will consolidate its Redfin Mortgage operations under Bay Equity, which will retain its
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Chip and Joanna Gaines’ Magnolia Network pulls ‘Home Work’ from lineup amid accusations of shoddy work
Check out what’s clicking on FoxBusiness.com. The launch of Chip and Joanna Gaines’ Magnolia Network was marred by controversy after the stars of one of its original shows were criticized for performing shoddy home improvement work. “Home Work” follows Utah-based couple, Andy and Candis Meredith, and their blended family of nine as the two tackle renovation projects for clients’ homes and rental properties. The duo previously hosted “Old Home Love” on HGTV. But on Saturday, a spokesperson at the Magnolia Network confirmed to FOX Business the show has been removed from its lineup after some of the clients of the
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Answers to your Marshall fire home insurance questions
Insurance, when it works, is meant to be restorative. Restorative to a way of life you liked, to a career, to your family’s health, and yes, to treasured objects. The Marshall fire destroyed much of that security for thousands of Boulder County residents, and instantly tallied hundreds of millions of dollars in damages. Colorado officials say they are ready to backstop all insurance challenges and step in with regulations or legislation if necessary to help push full recovery. More than 900 people showed up for a virtual insurance town hall this week, with heart-wrenching questions about when their insurance will
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Many home insurance premiums are rising faster than inflation
Ken Hoagland was surprised to see his monthly mortgage payment increase recently. “I noticed that our mortgage had gone up $100 on a $1,250 mortgage,” he said. “So, I looked into it. First, I called the mortgage company and they said, ‘It’s costing a lot more to insure your house. Talk to [the insurance company].’ So then I called USAA and said, ‘What’s going on?’” Across the country, homeowners renewing their policies are discovering that rising material costs, supply chain disruptions and climate change are combining to drive premiums up by an average 4% to an average annual premium of
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Home Insurance Rates Are Rising Due to Climate Change: Here’s How to Lower Your Costs | Personal-finance
New windows that better protect your home might be a good long-term investment, especially in areas where hurricanes are common and insurance discounts frequent. “New windows may cost you $10,000, but could save you $2,000 annually” in premiums, Lanham says. Homeowners in drought-stricken areas exposed to wildfire risk should “harden” their structures and properties by using materials and building designs that are less likely to catch and spread fire. While this can help lower homeowners insurance costs, it of course also reduces the risk of wildfire damage to a home in the first place. Some high-net-worth homeowners in fire zones
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Why Covid Means Higher Home Insurance Costs
December 8, 2021 7:47 AM Ed Leefeldt – Forbes Advisor Posted: December 8, 2021 7:47 AM Updated: December 9, 2021 12:05 PM Anna and Luke are having a tough time building a deck onto their Barnegat, New Jersey, home. Some contractors don’t return phone calls, while others offer “take it or leave it” prices if they do call back. Meanwhile material prices—particularly lumber and cement—are mounting by double digits. The couple finally found a builder, but they have to stay home waiting for workers who show up sporadically, stay a few hours, then leave for another job. Most of their
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