Standard homeowners insurance policy may not cover short term rental damage

standard homeowners insurance broken window vandalism

Property owners taking part in short term rental programs are often unaware of their lack of coverage. Property owners considering using their homes as a source of income may want to review their standard homeowners insurance policy before getting started. Many don’t realize that renting out their homes through services such as Airbnb and Kid & Coe stops their coverage as long as the renters are there. The reason is that a typical home insurance policy is meant to cover the homeowners as residents and their guests. This has become…

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Bullmastiff that ate a spatula wins weirdest pet insurance claim award

A dog from Lake Charles, Louisiana won the award by consuming the kitchen utensil. A Nationwide pet insurance claim involving a dog that ate a spatula might have been scary at the time, but ended up being an award-winning tale. The owners of the unfortunate pooch were relieved to have an insurance policy to pay for their dog’s care. The Lake Charles, Louisiana bullmastiff won the insurer’s most unusual pet insurance claim of the year award for 2017. This was certainly good news after the poor dog was required to…

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National Preparedness Month underway amidst hurricanes, wildfires and earthquakes

National Preparedness Month - Emergency Response

Community leaders, scientists and the insurance industry are hoping people will inform themselves about being prepared. National Preparedness Month is more than halfway through and it feels as though Mother Nature is reminding us of its importance. Traditionally, the insurance industry, scientists and community leaders try to convince people of the importance of being prepared. This year, the news headlines of regularly occurring natural disasters seems to be doing the job. The entire point to National Preparedness Month is to learn about the types of emergencies that could happen within…

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Life insurance benefits that used to be popular among employers are fading away

life insurance benefits employee worker

A recent survey showed that employees are not seeing this type of coverage in their packages as much. While life insurance benefits used to be a standard part of many employer packages for their workers, fewer companies now offer them. This, despite the fact that employees still find the benefit to be an appealing one. The number of people who purchase life policies through group contracts is growing, but employers are stepping back. A new LIMRA survey revealed that there are up to 108 million Americans who currently have life…

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Can a pharmacy drug benefits company play a role in beating the opioid crisis?

Zemanta prescription opioid drug benefits insurance

A major U.S. pharmacy benefit manager placed a limit on pain pills in the hopes of reducing the risk of their abuse. Express Scripts, the largest pharmacy drug benefits manager in the United States, created a new program to limit prescriptions for new opioid patients. This program will launch across the entire country as of September 1, 2017. The opioid drug limitations will target new patients and will not apply to cancer patients or those in hospice care. According to Express Scripts, the time has come to take a bold…

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Texas governor signs so-called “rape insurance” bill signed into law

pregnancy, abortion, rape insurance

The new coverage restriction requires women to have to pay for a supplemental plan to cover non-emergency abortions. Republican Governor Greg Abbott of Texas has now signed House Bill 214 into law, passing a bill critics say will require women to have to pay for rape insurance. The law restricts abortion insurance coverage so that women will need to pay for a supplemental plan if they want to be covered for the procedure in non-emergency circumstances. Democratic opponents of the bill condemned it for forcing women to have to pay…

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Minnesota auto insurance company to refund $315,000 to over 1,600 drivers

Minnesota auto insurance company rates

Farmers Insurance Exchange has been accused of unfair pricing practices and is reimbursing affected policyholders. Minnesota auto insurance company, Farmers Insurance Exchange, is responding to accusations of unfair pricing practices with a refund to more than 1,600 drivers in the state. The policyholders affected by the pricing practices in question will be receiving a portion of a $315,000 total amount. The insurer is providing the refunds in response to an investigation into the way it was setting its rates. The Minnesota auto insurance provider underwent a pricing practice examination. The…

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Tesla insurance industry crash test results weren’t stellar

Tesla Model S insurance industry crash test

The automaker’s spotless safety testing record for the Model S was just marred by the IIHS. The Tesla Model S, which had previously performed very well in insurance industry crash test scores, now rates as less safe than rival vehicles. The Insurance Institute for Highway Safety (IIHS) determined that safety performance from this car wasn’t as good as that of other comparable models. The IIHS found the Model S offered passengers only adequate protection from some forms of impact. For instance, the insurance industry crash test determined the Model S’s…

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Allstate America’s Best Drivers Report for 2017 released before deadliest driving day

Allstate America’s Best Drivers Report data July 4th independence day

Motorists headed out on July 4 may want to check out the stats from this nationwide insurance company. The annual Allstate America’s Best Drivers Report has now been released, identifying July 4th as yet again the deadliest day on the country’s roads. Motorists are being cautioned to have a close look at the data and to be very careful when they get behind the wheel on Independence Day. Allstate, for its part, has issued its report alongside a new safe driving campaign, in the hopes of improving the numbers. Despite…

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Tropical Storm Cindy provides this year’s flood insurance reality check to homeowners

Tropical Storm Cindy flood insurance

Property owners who didn’t heed warnings at the start of the hurricane season are thinking again. From the point that Tropical Storm Cindy received its name, it was already too late for homeowners to buy flood insurance for coverage against any damage it may cause. This was the warning government officials issued at the start of the hurricane season, but the message always reaches too few. The severe weather is expected to bring a foot of water, along with high winds, to Louisiana and Texas. Tropical Storm Cindy brought several…

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