Ways To Get Home Insurance Discounts

Home Insurance Discounts

Nowadays, it is so much easier than in the past to get a home insurance policy since they can even be found online. You need to simply invest time and effort to find a deal that is great for you. However, this is where many homeowners make mistakes. There are many ways in which you can get home insurance discounts, like the ones highlighted below. Raise Deductibles The deductible is practically how much you agree to fund in the event that a claim is filed in the future. The insurer…

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Insurance groups offer Texas storm preparedness tips for homeowners

Texas storm preparedness - storm destruction - homes

As the spring storm season gets fired up, insurers are hoping home insurance customers are ready. Texas storm preparedness can help to make a big difference in the risk of damage throughout the spring season. This year, insurance groups are offering policyholders added advice to help protect themselves against rains, winds and other severe weather risks. These helpful recommendations will reduce the risk of damage and make the claims process easier. The right Texas storm preparedness can make it possible for homeowners and vehicle owners to keep their property safe.…

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Impact of climate change to make insurance prohibitively expensive, says Munich Re

Impact of Climate Change - Damage House

The largest reinsurance company in the world has cautioned that most people won’t afford coverage soon. For several years, insurance companies have been warning that the impact of climate change will be an expensive one. Munich Re, the largest reinsurance company in the world, is now warning that global warming will make insurance too expensive for most people. The reinsurer has already blamed climate change for $24 billion in California wildfire losses. Munich Re chief climatologist, Ernst Rauch, explained in a recent Guardian report that it won’t be long before…

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Insurance companies facing rising water damage claims

Water Damage Claims - Houses in flood waters

A new report shows that leaks are becoming increasingly problematic for homeowners and insurers. A new Verisk Analytics report from its ISO unit has found that insurance companies are taking an increasing number of water damage claims. At the same time, other forms of claim have been falling in frequency. The report determined that one in 50 homeowners insurance policyholders file a leak claim each year. Water damage claims affect one in every 50 homeowners insurance policyholders every year, according to the research. The study involved data from 2013 through…

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Farmers Insurance celebrated Dr. Seuss’ 115th birthday with a clever story

Farmers Insurance Celebrates Dr. Seuss' brithday - students

The insurer released an ad based on real claims recreated into a Dr. Seuss-style storybook ad Farmers Insurance chose to celebrate Dr. Seuss Day – what would have been the author and illustrator’s 115th birthday) – with an animated ad written in his storytelling style. “The More That You See” was based on real claims filed with the insurer and was voiced by Professor Burk, the brand’s spokes character (voiced by Oscar winner J.K. Simmons). The amusing 60-second animated ad was amusing enough to enjoy viral status on social media.…

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California wine country flooding leaves thousands of homes and businesses damaged

California wine country flooding - Vineyard at Sunset

The floodwaters have turned two communities in Northern California into temporary islands. California wine country flooding is the worst the region has seen since 1995 when the Napa river reached record peak levels. The rain in Northern California has turned two wine country communities into temporary islands. At the moment, they can be reached only by boat. Thousands of homes and businesses are flooded as rivers across the region crest their banks. The Russian River crested at over 46 feet last week and the water did not recede until later…

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Last November’s California wildfires caused $11.4 billion in insured damage

California Wildfires - Damage from Fire

Residents of the state have filed many thousands of insurance claims from the Camp Fire. Last year’s record-breaking California wildfires have now generated $11.4 billion in insurance claims. This has made the fires in that month, which ripped their way through Butte County and Southern California, some of the most expensive the state has ever experienced. The Camp Fire killed 86 people and essentially burned the town of Paradise right off the map. Three quarters of the losses from California wildfires in November 2018 were the result of the Camp…

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